Lessons from SCYNEXIS Inc. (NASDAQ:SCYX)’s trend

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Shares of SCYNEXIS INC (NASDAQ:SCYX) have moved -49.22% so far this year and they are now -58.99% from where they were around this time last year.

Over the last six months the stock has moved -47.40%, while it has moved -52.91% over the last quarter. Over the last week and the last one month, the stock has moved -39.78% and -37.93%, respectively.

The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

Recently, SCYNEXIS INC (NASDAQ:SCYX) announces a class action lawsuit against SCYNEXIS, Inc. (“SCYNEXIS” or the “Company”) (NASDAQ:SCYX) concerning possible violations of federal securities laws. Investors who purchased SCYNEXIS securities: (1) pursuant or traceable to the Company’s initial public offering on or about May 2, 2014; and/or (2) from May 2, 2014 through March 2, 2017, inclusive (the “Class Period”), should contact the firm by the May 8, 2017 lead plaintiff motion deadline.

Studying the stock?s moving averages shows its 20-Day Simple Moving Average to be $-38.66% while 50-Day Simple Moving Average is $-41.09% and 200-Day Simple Moving Average is $-48.62%.

The stock has declined to a low of $-32.50% over the last 50 days and jumped to a high of $-53.31% over the same period. However, the stock’s price range over the last 12 months is a high of $-70.60% and a low of $-6.90%.

Analysts tracking SCYNEXIS INC have an average recommendation of 1.60 on its stock. For clarity, recommendation of 1 implies STRONG BUY, 3 implies HOLD and 5 implies SELL.

The stock is currently trading at $1.62, but it should be trading at $10.57 by the end of the next 12 months according to analysts.

The stock?s average volume, which is the average of three months, is 415.75K, while its relative volume is 12.47.

Insiders own 1.20% of SCYNEXIS INC, while institutional investors own 52.80% of the company.

Of the company?s 25.97M shares outstanding, 22.92M are free float. Of the floating shares, 9.10% have been sold short and that brings short ratio to 5.02.

SCYNEXIS INC reported EPS for the last fiscal year and the current year’s EPS is expected to increase 32.40% over the previous year’s EPS.

The company’s next earnings date is scheduled for May 08.

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