Scynexis Inc: Rising -53.49% from 52-Week Low, Can the Stock Stay Afloat?

In terms of market performance, Scynexis Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $3.87 on 09/05/23, while the lowest value was $1.35 on 03/19/24.

52-week price history of SCYX Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Scynexis Inc’s current trading price is -53.49% away from its 52-week high, while its distance from the 52-week low is 33.33%. The stock’s price range for this period has remained between $1.35 and $3.87. The Healthcare sector company’s shares managed to surpass a trading volume of around 0.72 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.2 million over the last three months.

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Financial Performance and Market Capitalization

Scynexis Inc (SCYX) has experienced a quarterly decline of -18.55% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 67.95M and boasts a workforce of 29 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.7498, with a change in price of -0.0600. Similarly, Scynexis Inc recorded 222,035 in trading volume during the last 100 days, posting a change of -3.23%.

SCYX Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SCYX stands at 0.21. Similarly, the long-term debt-to-equity ratio is also 0.20.

SCYX Stock Stochastic Average

As of today, the raw stochastic average of Scynexis Inc over the past 50 days is 54.88%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 90.00%. Additionally, the Stochastic %K and %D values for the company were 50.10% and 37.36%, respectively, over the past 20 days.

SCYX Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price loss of -19.28% this year. Over the last six months, there has been a stronger performance of -17.43%. The price of SCYX fallen by 10.43% during the last 30 days period. For the last 5-days stocks have improved 29.50%.

On Key

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