Ensysce Biosciences Inc (NASDAQ:ENSC) price closed lower on Tuesday, November 12, and dropping -2.37% below its previous close.
A look at the daily price movement shows that the last close reads $0.69, with intraday deals fluctuated between $0.6394 and $0.6898. The company’s 5Y monthly beta was ticking 0.639. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.06 and 52-week low of $0.14. The stock added 296.82% on its value in the past month.
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Ensysce Biosciences Inc, which has a market valuation of $10.07 million, is expected to release its quarterly earnings report in December.
On average, analysts have forecast the company’s revenue for the quarter will hit 250k, with the likely lows of 200k and highs of 300k. Staying with the analyst view, there is a consensus estimate of 1.05M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -52.90% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ENSC a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned ENSC a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Ensysce Biosciences Inc (ENSC) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ENSC’s price is at present 43.55% off the SMA20 and 89.78% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.34, with weekly volatility standing at 20.50%. The indicator jumps to 28.66% when calculated based on the past 30 days. Ensysce Biosciences Inc (NASDAQ:ENSC)’s beta value is holding at 0.69, while the average true range (ATR) indicator is currently reading 0.13.
An analysis of the Ensysce Biosciences Inc (NASDAQ:ENSC) stock in terms of its daily trading volume indicates that the 3-month average is 27.17 million. However, this figure increases on the past 10-day timeline to an average of 85.94 million.
Current records show that the company has 14.91M in outstanding shares. The insiders’ percentage holdings are 2.00% of outstanding shares while the percentage share held by institutions stands at 21.96%. The stats also highlight that short interest as of 2024-10-15, stood at 0.11 million shares, which puts the short ratio at the time at 0.31. From this we can glean that short interest is 83.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 0.2 million. But the -36.36% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
