Scynexis Inc [SCYX] stock prices are up 24.14% to $1.80 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SCYX shares have gain 29.50% over the last week, with a monthly amount glided 10.43%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, SCYNEXIS Reports Full Year 2023 Financial Results and Provides Corporate Update. In a post published today on Yahoo Finance, SCY-247’s IND-enabling activities continue to advance with initiation of Phase I anticipated in the second half of 2024.
From an analyst’s perspective:
Scynexis Inc [NASDAQ: SCYX] stock has seen the most recent analyst activity on January 22, 2021, when Guggenheim initiated its Buy rating and assigned the stock a price target of $25. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on January 06, 2021, and set its price target to $30. On July 11, 2018, upgrade upgraded it’s rating to Buy but maintained its price target of $5 on the stock. Maxim Group started tracking the stock assigning a Buy rating and suggested a price target of $6 on June 27, 2018. Guggenheim initiated its recommendation with a Buy and recommended $6 as its price target on October 24, 2017. ROTH Capital started tracking with a Buy rating for this stock on July 10, 2017, and assigned it a price target of $8.50. In a note dated May 09, 2017, Needham downgraded an Hold rating on this stock.
The stock price of Scynexis Inc [SCYX] has been fluctuating between $1.35 and $3.87 over the past year. Scynexis Inc [NASDAQ: SCYX] shares were valued at $1.80 at the most recent close of the market.
Analyzing the SCYX fundamentals
The Scynexis Inc [NASDAQ:SCYX] reported sales of 140.14M for trailing twelve months, representing a surge of 280.38%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.52%, Pretax Profit Margin comes in at 0.48%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.35, Equity is 0.79 and Total Capital is 0.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.6100 points at the first support level, and at 1.4200 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9200, and for the 2nd resistance point, it is at 2.0400.
Scynexis Inc [SCYX] reported earnings per share of -$0.39 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.2/share, meaning a difference of -$0.19 and a surprise factor of -95.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.04 per share as compared to estimates of -$0.15 per share, a difference of $0.11 representing a surprise of 73.30%.
Ratios To Look Out For
It’s worth pointing out that Scynexis Inc [NASDAQ:SCYX]’s Current Ratio is 6.26. Further, the Quick Ratio stands at 6.26, while the Cash Ratio is 2.11. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 0.92 and price to earnings (TTM) ratio is 1.57.
