SCYNEXIS Inc (SCYX) Receives Consensus Recommendation of “Buy” from Analysts

Shares of SCYNEXIS Inc (NASDAQ:SCYX) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $10.00.

Several equities analysts recently commented on the company. ValuEngine raised SCYNEXIS from a “strong sell” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research lowered SCYNEXIS from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Guggenheim assumed coverage on SCYNEXIS in a report on Tuesday, October 24th. They issued a “buy” rating and a $6.00 target price on the stock.

A number of large investors have recently bought and sold shares of SCYX. National Asset Management Inc. purchased a new position in SCYNEXIS in the second quarter valued at $551,000. DAFNA Capital Management LLC boosted its stake in SCYNEXIS by 32.7% in the second quarter. DAFNA Capital Management LLC now owns 506,900 shares of the company’s stock valued at $907,000 after acquiring an additional 125,000 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in SCYNEXIS in the third quarter valued at $264,000. Vanguard Group Inc. boosted its stake in SCYNEXIS by 6.0% in the second quarter. Vanguard Group Inc. now owns 868,394 shares of the company’s stock valued at $1,554,000 after acquiring an additional 48,978 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in SCYNEXIS by 33.7% in the second quarter. GSA Capital Partners LLP now owns 176,700 shares of the company’s stock valued at $316,000 after acquiring an additional 44,500 shares in the last quarter. 30.90% of the stock is currently owned by hedge funds and other institutional investors.

SCYNEXIS (NASDAQ SCYX) traded down $0.04 during trading on Tuesday, hitting $1.88. The stock had a trading volume of 188,425 shares, compared to its average volume of 259,115. SCYNEXIS has a 1-year low of $1.52 and a 1-year high of $3.82. The company has a quick ratio of 7.30, a current ratio of 7.30 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $53.69, a price-to-earnings ratio of -2.32 and a beta of 0.36.

COPYRIGHT VIOLATION WARNING: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.com-unik.info/2018/01/14/scynexis-inc-scyx-receives-consensus-recommendation-of-buy-from-analysts.html.

About SCYNEXIS

SCYNEXIS, Inc is engaged in the discovery, development and commercialization of anti-infectives. The Company is developing its lead product candidate, SCY-078, as an oral and intravenous (IV) drug for the treatment of several fungal infections, including serious invasive fungal infections. SCY-078 is a structurally distinct glucan synthase inhibitor that has been shown to be effective in vitro and in vivo in animal studies against a range of Candida and Aspergillus species, including drug-resistant strains.

Analyst Recommendations for SCYNEXIS (NASDAQ:SCYX)

Receive News & Ratings for SCYNEXIS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCYNEXIS and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit