Ensysce Biosciences Inc (NASDAQ:ENSC) traded at $0.58 at close of the session on Monday, November 04 and made a downward move of -11.00% on its previous day’s price.
Looking at the stock we see that its previous close was $0.65 and the beta (5Y monthly) reads 0.849 with the day’s price range being $0.5406 – $0.74. In terms of its 52-week price range, ENSC has a high of $2.06 and a low of $0.14. The company’s stock has gained about 158.84% over that past 30 days.
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Ensysce Biosciences Inc has a market cap of $9.73 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.29, with the EPS growth for the year raised at -1.43 for current year and -1.43 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 250k, with a low of 200k and a high of 300k. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.05M, or -52.90% down from figures reported last year.
On the other hand, looking at the outlook for the ENSC stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Ensysce Biosciences Inc (ENSC) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 75.17% off its SMA20 and 72.30% from its 50-day simple moving average. The RSI (14) is pointing at 62.75 while the volatility over the past week is 44.63% and jumps to 26.66% over the past one month. The beta value is 0.62, while the average true range (ATR) is currently pointing at 0.12.
Coming back to Ensysce Biosciences Inc (NASDAQ:ENSC), we note that the average 3-month trading volume was 24.30 million, while that of the preceding 10-day period stands at 145.76 million. Current shares outstanding are 14.91 million.
The insiders hold 2.00% of the company’s shares while institutions hold 12.06%. The data shows that short shares as of 2024-10-15, stood at 0.11 million at a short ratio of 0.31. This represents a 83.00 short interest in shares outstanding on 2024-10-15. Shares short fall in October from the previous month at 0.2 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -45.42% down in year-to-date price movement.
