BYND Cannasoft Enterprises Inc’s Market Journey: Closing Strong at 0.97, Up 6.61

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

The closing price of BYND Cannasoft Enterprises Inc (NASDAQ: BCAN) was $0.97 for the day, up 6.61% from the previous closing price of $0.91. In other words, the price has increased by $6.61 from its previous closing price. On the day, 2.19 million shares were traded. BCAN stock price reached its highest trading level at $1.03 during the session, while it also had its lowest trading level at $0.89.

Ratios:

Our analysis of BCAN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.75 and its Current Ratio is at 3.75. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BCAN now has a Market Capitalization of 7535338 and an Enterprise Value of 813024. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 0.755 whereas that against EBITDA is -0.155.

Stock Price History:

Over the past 52 weeks, BCAN has reached a high of $731.50, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is -93.62%, while the 200-Day Moving Average is calculated to be -99.29%.

Shares Statistics:

BCAN traded an average of 1.14M shares per day over the past three months and 2825850 shares per day over the past ten days. A total of 42.55M shares are outstanding, with a floating share count of 0.54M. Insiders hold about 30.26% of the company’s shares, while institutions hold 3.28% stake in the company. Shares short for BCAN as of 1711584000 were 410370 with a Short Ratio of 0.36, compared to 1709164800 on 581. Therefore, it implies a Short% of Shares Outstanding of 410370 and a Short% of Float of 63.310003.

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