Ensysce Biosciences Inc. (NASDAQ: ENSC) is -4.72% lower on its value in year-to-date trading and has touched a low of $0.46 and a high of $33.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENSC stock was last observed hovering at around $0.61 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $5.83 for the next 12 months. It is also 91.12% off the consensus price target high of $8.00 offered by 1 analysts, but current levels are 80.55% higher than the price target low of $3.65 for the same period.
Currently trading at $0.71, the stock is 26.87% and 8.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.28 million and changing 17.92% at the moment leaves the stock -85.95% off its SMA200. ENSC registered -96.69% loss for a year compared to 6-month loss of -90.07%.
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The stock witnessed a 17.15% gain in the last 1 month and extending the period to 3 months gives it a -21.48%, and is 20.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 17.13% over the week and 11.94% over the month.
Current P/E ratio is 1.59. Distance from 52-week low is 56.81% and -97.83% from its 52-week high.
Ensysce Biosciences Inc. (ENSC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ensysce Biosciences Inc. (ENSC) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ensysce Biosciences Inc. is expected to release its quarterly report on 05/11/2023.The EPS is expected to grow by 978.50% this year
Ensysce Biosciences Inc. (ENSC) Top Institutional Holders
The shares outstanding are 6.22M, and Short Float at -.
Ensysce Biosciences Inc. (ENSC) Insider Activity
A total of 1 insider transactions have happened at Ensysce Biosciences Inc. (ENSC) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by GOWER BOB G, the company’s Director. SEC filings show that GOWER BOB G bought 90,287 shares of the company’s common stock on Mar 02 at a price of $0.49 per share for a total of $44087.0. Following the purchase, the insider now owns 1.22 million shares.
Ensysce Biosciences Inc. disclosed in a document filed with the SEC on Mar 01 that GOWER BOB G (Director) bought a total of 270,000 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $0.48 per share for $0.13 million. Following the transaction, the insider now directly holds 1.13 million shares of the ENSC stock.
Still, SEC filings show that on Feb 28, GOWER BOB G (Director) acquired 109,300 shares at an average price of $0.49 for $53371.0. The insider now directly holds 862,395 shares of Ensysce Biosciences Inc. (ENSC).