Seneca Biopharma, Inc. (NASDAQ:SNCA) shares, rose in value on Wednesday, Jan 13, with the stock price up by 9.85% to the previous day’s close as strong demand from buyers drove the stock to $1.45.
Actively observing the price movement in the last trading, the stock closed the session at $1.32, falling within a range of $1.3200 and $1.6100. The value of beta (5-year monthly) was 1.78 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $4.09, and the low was $0.5. On the whole, SNCA has fluctuated by 110.76% over the past month.
We see that SNCA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 1 recommend it as a Buy and no body called the SNCA stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SNCA currently trading nearly 51.98% and 93.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.4, while the 7-day volatility ratio is showing 18.76% which for the 30-day chart, stands at 18.03%. Furthermore, Seneca Biopharma, Inc. (SNCA)’s beta value is 1.78, and its average true range (ATR) is 0.17. The company’s stock has been forecasted to trade at an average price of $520 over the course of the next 52 weeks, with a low of $520 and a high of $520. Based on these price targets, the low is 35762.07 off current price, whereas the price has to move +35762.07% to reach the yearly target high. Additionally, analysts’ median price of $520 is likely to be welcomed by investors because it represents an increase of +35762.07% from the current levels.
A comparison of Seneca Biopharma, Inc. (SNCA) with its peers suggests the former has fared considerably better in the market. SNCA showed an intraday change of +9.85% in last session, and over the past year, it grew by +19.83%. In comparison, Bristol-Myers Squibb Company (BMY) has moved lower at -1.07% on the day and was down -2.57% over the past 12 months. On the other hand, the price of Amgen Inc (AMGN) has risen 0.49% on the day. The stock, however, is off -0.94% from where it was a year ago. Additionally, there is a gain of 985% for Gilead Sciences Inc (GILD) in last trading while the stock has seen an overall apprecation of 19.83% over the past year. The PE ratio stands at 0 for Seneca Biopharma, Inc., compared to 0 for Bristol-Myers Squibb Company, and 19.17 for Amgen Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Seneca Biopharma, Inc. (NASDAQ:SNCA) indicates that the trading volumes over the past 10 days have averaged 5.55 Million and over the past 3 months, they’ve averaged 2.42 Million. According to company’s latest data on outstanding shares, there are 17.3 Million shares outstanding.
Nearly 0.82% of Seneca Biopharma, Inc.’s shares belong to company insiders and institutional investors own 10.49% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 141.88 Million shares as on December 30, 2020, resulting in a short ratio of 0.03. According to the data, the short interest in Seneca Biopharma, Inc. (SNCA) stood at 0.82% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 6.13 Million. The stock has risen by +64.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SNCA stock heading into the next quarter.
Even if you’re not actively in crypto, you deserve to know what’s actually going on..
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.