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AAPL   122.80 (+1.50%)
MSFT   233.03 (+1.76%)
FB   262.09 (+2.91%)
GOOGL   2,026.49 (+0.52%)
AMZN   3,071.54 (+0.47%)
TSLA   672.48 (-1.43%)
NVDA   545.85 (+2.55%)
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GE   12.63 (-1.02%)
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ACB   10.65 (-1.57%)
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BA   211.68 (-2.20%)
NFLX   540.54 (-1.13%)
BAC   34.94 (-2.76%)
S&P 500   3,831.70 (+0.06%)
DOW   31,063.14 (-1.08%)
QQQ   314.93 (+0.67%)
AAPL   122.80 (+1.50%)
MSFT   233.03 (+1.76%)
FB   262.09 (+2.91%)
GOOGL   2,026.49 (+0.52%)
AMZN   3,071.54 (+0.47%)
TSLA   672.48 (-1.43%)
NVDA   545.85 (+2.55%)
BABA   239.76 (-0.17%)
CGC   32.42 (-2.38%)
GE   12.63 (-1.02%)
MU   91.20 (+3.50%)
NIO   46.10 (-1.52%)
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AAPL   122.80 (+1.50%)
MSFT   233.03 (+1.76%)
FB   262.09 (+2.91%)
GOOGL   2,026.49 (+0.52%)
AMZN   3,071.54 (+0.47%)
TSLA   672.48 (-1.43%)
NVDA   545.85 (+2.55%)
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CGC   32.42 (-2.38%)
GE   12.63 (-1.02%)
MU   91.20 (+3.50%)
NIO   46.10 (-1.52%)
AMD   84.02 (+1.94%)
T   28.00 (-2.20%)
F   11.72 (-0.34%)
ACB   10.65 (-1.57%)
DIS   189.03 (-1.02%)
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NFLX   540.54 (-1.13%)
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SCYNEXIS, Inc. (NASDAQ:SCYX) Given Average Recommendation of "Buy" by Analysts

Monday, February 22, 2021 | MarketBeat

Shares of SCYNEXIS, Inc. (NASDAQ:SCYX) have been assigned a consensus recommendation of "Buy" from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $26.00.

SCYX has been the subject of several recent research reports. HC Wainwright decreased their price objective on SCYNEXIS from $35.00 to $20.00 and set a "buy" rating for the company in a report on Monday, December 28th. Cantor Fitzgerald initiated coverage on SCYNEXIS in a report on Tuesday, January 5th. They set an "overweight" rating and a $30.00 price objective for the company. Guggenheim began coverage on SCYNEXIS in a report on Friday, January 22nd. They set a "buy" rating and a $25.00 price objective for the company. Zacks Investment Research upgraded SCYNEXIS from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Tuesday, February 9th. Finally, Aegis restated a "buy" rating on shares of SCYNEXIS in a research note on Monday, February 15th.

Shares of SCYX opened at $8.27 on Tuesday. SCYNEXIS has a 52-week low of $4.20 and a 52-week high of $11.20. The company has a debt-to-equity ratio of 1.39, a quick ratio of 3.89 and a current ratio of 3.89. The business's 50 day moving average price is $8.18 and its two-hundred day moving average price is $6.40. The firm has a market cap of $90.47 million, a PE ratio of -2.22 and a beta of 2.16.

In other SCYNEXIS news, Director Brian Philippe Tinmouth acquired 8,000 shares of the business's stock in a transaction dated Monday, December 21st. The stock was bought at an average price of $6.25 per share, with a total value of $50,000.00. Following the completion of the acquisition, the director now owns 8,000 shares of the company's stock, valued at $50,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Perceptive Advisors Llc sold 319,000 shares of the business's stock in a transaction dated Friday, January 22nd. The stock was sold at an average price of $8.24, for a total value of $2,628,560.00. The disclosure for this sale can be found here. Insiders have purchased a total of 50,200 shares of company stock worth $313,750 in the last three months. 4.06% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of SCYNEXIS by 10,517.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,946 shares of the company's stock worth $46,000 after purchasing an additional 5,890 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of SCYNEXIS during the fourth quarter worth about $77,000. Diametric Capital LP purchased a new position in shares of SCYNEXIS during the fourth quarter worth about $82,000. Northern Trust Corp grew its holdings in shares of SCYNEXIS by 12.0% during the fourth quarter. Northern Trust Corp now owns 19,636 shares of the company's stock worth $150,000 after purchasing an additional 2,108 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of SCYNEXIS by 19.3% during the fourth quarter. Creative Planning now owns 24,700 shares of the company's stock worth $189,000 after purchasing an additional 4,000 shares in the last quarter. 36.92% of the stock is owned by institutional investors.

About SCYNEXIS

SCYNEXIS, Inc, a biotechnology company, delivers therapies for the treatment fungal infections in the United States. It is developing its lead product candidate, ibrexafungerp, as a novel oral and intravenous drug for the treatment of various fungal infections, including vulvovaginal candidiasis, invasive aspergillosis, invasive candidiasis, and refractory invasive fungal infections.

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Analyst Recommendations for SCYNEXIS (NASDAQ:SCYX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


15 REITS Analysts Can't Stop Recommending

There are more than 200 publicly-traded real-estate investment trusts (REITs) that you can buy through your brokerage account. Given the sheer number of REITs, it can be hard to identify which real-estate stocks are going to outperform the market.

Fortunately, Wall Street's brightest minds have already done this for us. Every year, analysts issue approximately 4,000 distinct recommendations for REITs. Analysts don't always get their "buy" ratings right, but it's worth taking a hard look when several analysts from different brokerages and research firms are giving "strong buy" and "buy" ratings to the same REIT.

This slide show lists the 15 REITs that have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.

View the "15 REITS Analysts Can't Stop Recommending".

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