Ensysce Biosciences Inc (NASDAQ:ENSC) price on Friday, November 15, rose 5.46% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.67.
A look at the stock’s price movement, the close in the last trading session was $0.64, moving within a range at $0.6212 and $0.7129. The beta value (5-Year monthly) was 0.639. Turning to its 52-week performance, $2.06 and $0.14 were the 52-week high and 52-week low respectively. Overall, ENSC moved 273.90% over the past month.
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Ensysce Biosciences Inc’s market cap currently stands at around $13.12 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-12.
Analysts have a consensus estimate of 200k for the company’s revenue for the quarter, with a low and high estimate of 200k and 200k respectively. The average forecast suggests down to a -61.17% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 900k, representing a -59.65% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ENSC is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend ENSC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ENSC’s current price about 23.19% and 79.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.84, while 7-day volatility ratio is 13.12% and 28.47% in the 30-day chart. Further, Ensysce Biosciences Inc (ENSC) has a beta value of 0.66, and an average true range (ATR) of 0.12.
If we refocus on Ensysce Biosciences Inc (NASDAQ:ENSC), historical trading data shows that trading volumes averaged 35.31 over the past 10 days and 27.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 14.91 million shares.
The 2.00% of Ensysce Biosciences Inc’s shares are in the hands of company insiders while institutional holders own 34.93% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.35 million on 2024-10-31, giving us a short ratio of 0.12. The data shows that as of 2024-10-31 short interest in Ensysce Biosciences Inc (ENSC) stood at 4508.000300000001 of shares outstanding, with shares short rising to 0.18 million registered in 2024-09-30. Current price change has pushed the stock -36.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ENSC stock continues to rise going into the next quarter.
