Market Insight: Ensysce Biosciences Inc (ENSC)’s Notable Drop, Closing at 0.40

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In the latest session, Ensysce Biosciences Inc (NASDAQ: ENSC) closed at $0.40 down -3.45% from its previous closing price of $0.41. In other words, the price has decreased by -$3.45 from its previous closing price. On the day, 0.89 million shares were traded. ENSC stock price reached its highest trading level at $0.4 during the session, while it also had its lowest trading level at $0.36.

Ratios:

For a deeper understanding of Ensysce Biosciences Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 1.88. In the meantime, Its Debt-to-Equity ratio is 0.25 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, ENSC now has a Market Capitalization of 3346112 and an Enterprise Value of 2428870. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 1.689.

Stock Price History:

Over the past 52 weeks, ENSC has reached a high of $2.06, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -12.66%, while the 200-Day Moving Average is calculated to be -48.79%.

Shares Statistics:

For the past three months, ENSC has traded an average of 1.74M shares per day and 10639100 over the past ten days. A total of 8.47M shares are outstanding, with a floating share count of 8.14M. Insiders hold about 3.94% of the company’s shares, while institutions hold 5.89% stake in the company. Shares short for ENSC as of 1723680000 were 17306 with a Short Ratio of 0.01, compared to 1721001600 on 229767. Therefore, it implies a Short% of Shares Outstanding of 17306 and a Short% of Float of 0.21.

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