In a filing, Scynexis Inc revealed its 10% Owner Federated Hermes Kaufmann Fund acquired Company’s shares for reported $5792.0 on Dec 18 ’24. In the deal valued at $1.23 per share,4,709 shares were bought.
Then, Federated Hermes Kaufmann Smal bought 128,957 shares, generating $158,617 in total proceeds.
Before that, Federated Hermes Kaufmann Fund bought 166,334 shares. Scynexis Inc shares valued at $204,591 were divested by the 10% Owner at a price of $1.23 per share.
Guggenheim initiated its Scynexis Inc [SCYX] rating to a Buy in a research note published on January 22, 2021; the price target was $25. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Needham also remained covering SCYX and has increased its forecast on July 11, 2018 with a “Buy” recommendation from previously “Hold” rating. Maxim Group started covering the stock on June 27, 2018. It rated SCYX as “a Buy”.
Price Performance Review of SCYX
On Tuesday, Scynexis Inc [NASDAQ:SCYX] saw its stock fall -2.92% to $0.99. Over the last five days, the stock has lost -10.79%. Scynexis Inc shares have fallen nearly -55.60% since the year began. Nevertheless, the stocks have fallen -46.76% over the past one year. While a 52-week high of $3.07 was reached on 05/20/24, a 52-week low of $0.90 was recorded on 12/20/24. SMA at 50 days reached $1.2792, while 200 days put it at $1.6619.
Levels Of Support And Resistance For SCYX Stock
The 24-hour chart illustrates a support level at 0.9655, which if violated will result in even more drops to 0.9409. On the upside, there is a resistance level at 1.0249. A further resistance level may holdings at 1.0597. The Relative Strength Index (RSI) on the 14-day chart is 30.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1049, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.38%. Stochastics %K at 25.20% indicates the stock is a holding.
How much short interest is there in Scynexis Inc?
A steep rise in short interest was recorded in Scynexis Inc stocks on 2024-11-29, dropping by 71539.0 shares to a total of 0.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.87 million shares. There was a decline of -8.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 24, 2017 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.
