Psyence Biomedical Ltd. (NASDAQ:PBM) price on Friday, October 25, rose 2.98% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.10.
A look at the stock’s price movement, the close in the last trading session was $0.09, moving within a range at $0.0939 and $0.107. The beta value (5-Year monthly) was -0.477. Turning to its 52-week performance, $14.55 and $0.08 were the 52-week high and 52-week low respectively. Overall, PBM moved -11.52% over the past month.
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Psyence Biomedical Ltd.’s market cap currently stands at around $1.62 million, with investors looking forward to this quarter’s earnings report slated for in November.
PBM’s current price about -4.86% and -53.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.83, while 7-day volatility ratio is 16.73% and 15.35% in the 30-day chart. Further, Psyence Biomedical Ltd. (PBM) has a beta value of -0.48, and an average true range (ATR) of 0.02.
If we refocus on Psyence Biomedical Ltd. (NASDAQ:PBM), historical trading data shows that trading volumes averaged 9.34 over the past 10 days and 6.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 13.39 million shares.
The 44.17% of Psyence Biomedical Ltd.’s shares are in the hands of company insiders while institutional holders own 5.43% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.22 million on 2024-09-30, giving us a short ratio of 0.03. The data shows that as of 2024-09-30 short interest in Psyence Biomedical Ltd. (PBM) stood at 61.000003 of shares outstanding, with shares short falling to 0.29 million registered in 2024-08-30. Current price change has pushed the stock -98.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PBM stock continues to rise going into the next quarter.
