The stock of SCYNEXIS Inc. (NASDAQ:SCYX) decreased by $0.0 on Friday to finish at $2.99, down 0.00 percent. The last five days have seen an average of 177,180 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $1.43. The average number of shares traded over the last 20 days was 153,410, while the average volume over the last 50 days totaled 273,156.
SCYX stock appreciated 9.12% since last month. On 07/12/23, the company’s shares reached a one-month low of $2.61. The stock touched a high of $3.84 on 04/04/23, after rallying from a low of $1.15 in 52 weeks. The price of SCYX stock has risen by 91.67% or $1.43 this year, reaching a new high 13 times. Still, the stock price is down -22.09% from the 52-week high.
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Financial Health
For the three months ended March 30, SCYNEXIS Inc.’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 88.00% percent. Based on annual data, it had gross profit of $4.46 million and revenue of $5.09 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SCYX’s return on assets (ROA) during the last 12 months has been -89.90%. There was a -166.80% return on investment (ROI) in the past year.
Earnings Surprise
According to SCYNEXIS Inc.’s quarterly financial report for the quarter that ended March 30, it had $27.91 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.13 million, while revenues rose by 38.94% to $1.52 million. It was predicted that SCYNEXIS Inc.’s quarterly earnings would be -$0.71, but it ended up being -$0.28, beating the consensus by -153.60%. EBITDA was -$10.28 million for the quarter. At the end of SCYNEXIS Inc.’s most recent quarter ended March 30, its liabilities totaled 100.21 million, while its total debt was $48.74 million. Equity owned by shareholders amounts to $36.52 million.
Technical Picture
Here’s a quick look at SCYNEXIS Inc.’s (SCYX) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 60.11%, suggesting the stock is Neutral, with a 26.36% historical volatility rate.
The stochastic %K and %D were 62.24% and 65.19% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 45.99%, the RSI (14) reading is 57.10%. On the 9-day MACD Oscillator, the stock is at 0.04, and the 14-day reading is at 0.07.
Analyst Ratings
In its analyst report released on January 22, 2021, Guggenheim began covering SCYNEXIS Inc. (NASDAQ: SCYX). The stock was rated as a Buy by the brokerage firm. Analysts have assigned SCYNEXIS Inc. (SCYX) an Buy rating. SCYX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is SCYX’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $15.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for SCYNEXIS Inc. (SCYX) is $11.40.
