SCYNEXIS Stock Price Passes Below Two Hundred Day Moving Average Heres What Happened
SCYX Stock | USD 1.28 0.04 3.03% |
Slightly above 61% of Scynexis' investor base is looking to short. The analysis of overall sentiment of trading Scynexis stock suggests that many investors are alarmed at this time. Scynexis' investing sentiment can be driven by a variety of factors including economic data, Scynexis' earnings reports, geopolitical events, and overall market trends.
Scynexis |
SCYNEXIS, Inc. s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of 1.81 and traded as low as 1.32. SCYNEXIS shares last traded at 1.32, with a volume of 90,434 shares trading hands. Analyst Ratings Changes Separately, StockNews.com downgraded
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Scynexis Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Scynexis can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Scynexis Fundamental Analysis
We analyze Scynexis' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Scynexis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Scynexis based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Market Capitalization
Market Capitalization Comparative Analysis
Scynexis is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Scynexis Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Scynexis stock to make a market-neutral strategy. Peer analysis of Scynexis could also be used in its relative valuation, which is a method of valuing Scynexis by comparing valuation metrics with similar companies.
Peers
Scynexis Related Equities
CNTB | Connect Biopharma | 2.78 | ||||
ENTA | Enanta Pharmaceuticals | 2.22 | ||||
CRNX | Crinetics Pharmaceuticals | 1.39 | ||||
FOLD | Amicus Therapeutics | 1.71 | ||||
LGND | Ligand Pharmaceuticals | 2.26 | ||||
DSGN | Design Therapeutics | 4.62 | ||||
ORIC | Oric Pharmaceuticals | 5.60 | ||||
LYEL | Lyell Immunopharma | 6.00 | ||||
RVMD | Revolution Medicines | 6.89 | ||||
PASG | Passage Bio | 11.88 |
Additional Tools for Scynexis Stock Analysis
When running Scynexis' price analysis, check to measure Scynexis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Scynexis is operating at the current time. Most of Scynexis' value examination focuses on studying past and present price action to predict the probability of Scynexis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scynexis' price. Additionally, you may evaluate how the addition of Scynexis to your portfolios can decrease your overall portfolio volatility.