Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Scynexis Inc (NASDAQ: SCYX) closed at $0.79 down -19.29% from its previous closing price of $0.98. In other words, the price has decreased by -$19.29 from its previous closing price. On the day, 0.71 million shares were traded.
Ratios:
For a deeper understanding of Scynexis Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.83 and its Current Ratio is at 5.83. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on January 22, 2021, initiated with a Buy rating and assigned the stock a target price of $25.
On January 06, 2021, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $30.
Needham Upgraded its Hold to Buy on July 11, 2018, while the target price for the stock was maintained at $5.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 18 ’24 when Federated Hermes Kaufmann Fund bought 4,709 shares for $1.23 per share.
Federated Hermes Kaufmann Smal bought 128,957 shares of SCYX for $158,617 on Dec 18 ’24. On Dec 18 ’24, another insider, Federated Hermes Kaufmann Fund, who serves as the 10% Owner of the company, bought 166,334 shares for $1.23 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 11.72 while its Price-to-Book (P/B) ratio in mrq is 0.61.
Stock Price History:
Over the past 52 weeks, SCYX has reached a high of $3.07, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -17.17%, while the 200-Day Moving Average is calculated to be -36.37%.
Shares Statistics:
A total of 39.02M shares are outstanding, with a floating share count of 37.16M. Insiders hold about 4.76% of the company’s shares, while institutions hold 30.74% stake in the company.
