Scynexis Inc’s filing revealed that 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 Friday, Scynexis Inc [NASDAQ:SCYX] saw its stock fall -2.76% to $1.41. Over the last five days, the stock has gained 38.24%. Scynexis Inc shares have risen nearly 16.53% since the year began. Nevertheless, the stocks have fallen -28.06% over the past one year. While a 52-week high of $3.07 was reached on 01/02/25, a 52-week low of $0.90 was recorded on 01/02/25. SMA at 50 days reached $1.2394, while 200 days put it at $1.6529.
Levels Of Support And Resistance For SCYX Stock
The 24-hour chart illustrates a support level at 1.3067, which if violated will result in even more drops to 1.2033. On the upside, there is a resistance level at 1.4967. A further resistance level may holdings at 1.5833. The Relative Strength Index (RSI) on the 14-day chart is 65.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.2481, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.57%. Stochastics %K at 89.40% indicates the stock is a selling.
How much short interest is there in Scynexis Inc?
A steep rise in short interest was recorded in Scynexis Inc stocks on 2024-12-13, dropping by -0.16 million shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.84 million shares. There was a decline of -23.43%, 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.
