SCYNEXIS Inc. (NASDAQ:SCYX) Relative Strength Index (RSI) is 54.93, with weekly volatility at 7.67% and ATR at 0.63. The SCYX stock’s 52-week price range has touched low of $4.20 and a $11.90 high. Intraday shares traded counted 0.49 million, which was 21.23% higher than its 30-day average trading volume of 620.60K. Its shares traded higher over the last trading session, gaining 3.65% on 02/19/21. The shares fell to a low of $8.48 before closing at $8.81. SCYX’s previous close was $8.50 while the outstanding shares total 10.63M. The firm has a beta of 2.12.
Investors have identified the Drug Manufacturers – Specialty & Generic company SCYNEXIS Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $162.72 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
SCYNEXIS Inc. (SCYX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 32.31 million total, with 8.3 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record -2.70 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SCYX sounds very interesting.
Is the stock of SCYX attractive?
In related news, 10% Owner, PERCEPTIVE ADVISORS LLC sold 319,000 shares of the company’s stock in a transaction that recorded on Jan 22. The sale was performed at an average price of 8.24, for a total value of 2,629,781. As the sale deal closes, the 10% Owner, PERCEPTIVE ADVISORS LLC now sold 95,000 shares of the company’s stock, valued at 701,100. Also, 10% Owner, PERCEPTIVE ADVISORS LLC sold 185,000 shares of the company’s stock in a deal that was recorded on Jan 20. The shares were price at an average price of 7.43 per share, with a total market value of 1,374,550. Following this completion of acquisition, the Director, Tinmouth Brian Philippe now holds 8,000 shares of the company’s stock, valued at 50,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.