Ensysce Biosciences Inc. (NASDAQ:ENSC) finished Wednesday with an addition of $0.12 to close at $0.80, an upside of 18.56 percent. An average of 14,853,418 shares of common stock have been traded in the last five days. There was a gain of $0.1300 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 4,319,285 shares traded, while the 50-day average volume stands at 2,905,862.
ENSC stock has increased by 10.76% in the last month. The company shares reached their 1-month lowest point of $0.5901 on 12/29/22. With the stock rallying to its 52-week high on 01/25/23, shares of the company touched a low of $0.59 and a high of $47.00 in 52 weeks. It has reached a new high 3 times so far this year and achieved 7.07% or $0.0500 in price. In spite of this, the price is down -98.29% from the 52-week high.
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Ensysce Biosciences Inc. (ENSC) has a trailing price-to-earnings (P/E) ratio of 1.79. The stock’s beta is -0.11. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.68.
The quick ratio of Ensysce Biosciences Inc. for the three months ended September 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.26 for the quarter ending September 29. Its gross profit as reported stood at $23.4 million compared to revenue of $3.53 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ensysce Biosciences Inc.’s return on assets was 22.50%.
For the three-month period that ended September 29, Ensysce Biosciences Inc. had $1.39 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$9.9 million in the quarter, while revenues were shrunk -73.33%. The analyst consensus anticipated Ensysce Biosciences Inc.’s latest quarter earnings to come in at -$3.2 per share, but it turned out to be -$5.13, a -60.30% surprise. For the quarter, EBITDA amounted to -$6.16 million. Shareholders own equity worth $2.84 million.
From a technical analysis perspective, let’s take a brief look at Ensysce Biosciences Inc. (ENSC) price momentum. RSI 9-day as of the close on 25 January was 51.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 186.90%.
As of today, ENSC’s price is $0.7063 +19.40% or $0.1300 from its 5-day moving average. ENSC is currently trading +11.10% higher than its 20-day SMA and -90.53% lower than its 100-day SMA. However, the stock’s current price level is -61.35% below the SMA50 and -97.16% below the SMA200.
The stochastic %K and %D were 17.32% and 16.34%, respectively, and the average true range (ATR) was 0.1846. With the 14-day stochastic at 18.89% and the average true range at 0.1999, the RSI (14) stands at 43.62%. The stock has reached -0.0072 on the 9-day MACD Oscillator while the 14-day reading was at -0.0113.
The consensus rating for Ensysce Biosciences Inc. (ENSC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ENSC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is ENSC’s price target for the next 12 months?
Analysts predict a range of price targets between $5.30 and $8.00, with a median target of $6.65. Taking a look at these predictions, the average price target given by analysts for Ensysce Biosciences Inc. (ENSC) stock is $6.65.