Scynexis Inc (NASDAQ: SCYX) is 19.83% higher on its value in year-to-date trading and has touched a low of $0.90 and a high of $3.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SCYX stock was last observed hovering at around $1.21 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $1.45, the stock is 28.69% and 16.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing 19.83% at the moment leaves the stock -12.28% off its SMA200. SCYX registered -34.39% loss for a year compared to 6-month loss of -25.26%. The firm has a 50-day simple moving average (SMA 50) of $1.24198 and a 200-day simple moving average (SMA200) of $1.65297.
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The stock witnessed a 9.85% gain in the last 1 month and extending the period to 3 months gives it a 1.40%, and is 46.44% 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 11.01% over the week and 7.93% over the month.
Scynexis Inc (SCYX) has around 29 employees, a market worth around $55.03M and $8.57M in sales. Fwd P/E is 6.44. Profit margin for the company is -425.41%. Distance from 52-week low is 61.00% and -52.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-59.92%).
The EPS is expected to shrink by -133.27% this year
55.0 institutions hold shares in Scynexis Inc (SCYX), with institutional investors hold 44.84% of the company’s shares. The shares outstanding are 37.94M, and float is at 36.66M with Short Float at 1.85%. Institutions hold 44.31% of the Float.
The top institutional shareholder in the company is FEDERATED HERMES, INC. with over 4.21 million shares valued at $8.43 million. The investor’s holdings represent 8.7359 of the SCYX Shares outstanding. As of 2024-06-30, the second largest holder is KINGDON CAPITAL MANAGEMENT, L.L.C. with 2.24 million shares valued at $4.47 million to account for 4.6368 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.69 million shares representing 3.4981 and valued at over $3.38 million, while AVIDITY PARTNERS MANAGEMENT LP holds 3.0028 of the shares totaling 1.45 million with a market value of $2.9 million.
Scynexis Inc (SCYX) Insider Activity
Still, SEC filings show that on Dec 18 ’24, Federated Hermes Kaufmann Fund (10% Owner) Proposed Sale 166,334 shares at an average price of $1.23 for $0.2 million. The insider now directly holds shares of Scynexis Inc (SCYX).
