Cyclacel Pharmaceuticals Inc (CYCC) stock hits $0.37: Is it a good time to buy or wait for a dip?

Cyclacel Pharmaceuticals Inc [CYCC] stock prices are up 14.92% to $0.37 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CYCC shares have gain 6.62% over the last week, with a monthly amount glided 4.21%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

On September 07, 2018, Ladenburg Thalmann initiated with a Buy rating. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $5 on October 16, 2015. Roth Capital initiated its recommendation with a Buy and recommended $7 as its price target on February 04, 2010. In a note dated August 12, 2008, Piper Jaffray initiated an Buy rating and provided a target price of $5 on this stock.

The stock price of Cyclacel Pharmaceuticals Inc [CYCC] has been fluctuating between $0.30 and $4.00 over the past year. Currently, Wall Street analysts expect the stock to reach $1 within the next 12 months. Cyclacel Pharmaceuticals Inc [NASDAQ: CYCC] shares were valued at $0.37 at the most recent close of the market. An investor can expect a potential return of 170.27% based on the average CYCC price forecast.

Analyzing the CYCC fundamentals

The Cyclacel Pharmaceuticals Inc [NASDAQ:CYCC] reported sales of 0.07M for trailing twelve months, representing a drop of -37.50%. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -254.88%, Pretax Profit Margin comes in at -258.84%, and Net Profit Margin reading is -155.08%. To continue investigating profitability, this company’s Return on Assets is posted at -2.13, Equity is 29.24 and Total Capital is 19.44.

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 0.3239 points at the first support level, and at 0.2790 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4044, and for the 2nd resistance point, it is at 0.4400.

Ratios To Look Out For

It’s worth pointing out that Cyclacel Pharmaceuticals Inc [NASDAQ:CYCC]’s Current Ratio is 0.77. Also, the Quick Ratio is 0.77, while the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 59.27.

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