SCYNEXIS (SCYX) Issues Quarterly Earnings Results

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SCYNEXIS (NASDAQ:SCYX) issued its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.18, MarketWatch Earnings reports. SCYNEXIS had a negative return on equity of 105.78% and a negative net margin of 12,011.72%. The company had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $0.06 million.

Shares of SCYX traded up $0.03 during mid-day trading on Wednesday, reaching $0.87. 147,700 shares of the company’s stock traded hands, compared to its average volume of 452,262. The stock has a market cap of $41.61 million, a price-to-earnings ratio of -0.86 and a beta of 0.59. SCYNEXIS has a 12 month low of $0.82 and a 12 month high of $2.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.30 and a current ratio of 4.30.

SCYX has been the topic of several analyst reports. Maxim Group reduced their price objective on SCYNEXIS from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, October 16th. Zacks Investment Research raised SCYNEXIS from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a research note on Thursday, October 11th. HC Wainwright set a $5.00 price objective on SCYNEXIS and gave the stock a “buy” rating in a research note on Friday, August 17th. Canaccord Genuity reissued a “buy” rating and set a $4.00 price objective on shares of SCYNEXIS in a research note on Tuesday, August 14th. Finally, Needham & Company LLC set a $5.00 price objective on SCYNEXIS and gave the stock a “buy” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. SCYNEXIS currently has an average rating of “Buy” and a consensus target price of $4.78.

In other SCYNEXIS news, CEO Marco Taglietti bought 25,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were purchased at an average price of $1.29 per share, with a total value of $32,250.00. Following the completion of the purchase, the chief executive officer now owns 429,000 shares in the company, valued at approximately $553,410. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.25% of the company’s stock.

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About SCYNEXIS

SCYNEXIS, Inc, a drug development company, develops and commercializes anti-infectives to address unmet therapeutic needs. It is developing its lead product candidate, SCY-078, as a novel oral and intravenous drug for the treatment of various fungal infections, including serious and life-threatening invasive fungal infections.

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Earnings History for SCYNEXIS (NASDAQ:SCYX)

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