SCYNEXIS Inc. (SCYX) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 23. At the lunch break, shares of SCYX have clocked gains of 10.48% to $3.9 after closing the day prior at $3.53. In the first two and a half hours of trading, the stock has gone as high as $3.95 and as low as $3.53. Today’s rise has come with about 402,746 shares changing hands, compared to an average 30-day volume of 1.04 million for SCYNEXIS Inc.. The price is currently below the 30-day volume weighted average price of $3.77 for SCYX.
The share appreciation gives the company a market capitalization of $82.69 million based upon 23.42 million shares outstanding. It also means that SCYX has a price-to-book ratio of 1.88:1.
In the past 52 weeks, shares of SCYX have traded as low as $1.74 and as high as $7.69. Technical traders will take note that at $3.9, shares of SCYX are trading above their 200-day MA at $3.83 and above their 50-day MA at $2.56. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is SCYX?
SCYNEXIS Inc is a pharmaceutical company engaged in the discovery, development, and commercialization of novel anti-infectives to address unmet therapeutic needs. The company’s 11 employees are led by CEO Marco Taglietti from the corporate headquarters at 101 Hudson Street in Jersey City, NJ.
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