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Scancell (LON:SCLP) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Scancell logo with Medical background

Key Points

  • Scancell Holdings plc's stock price fell below its 200-day moving average of GBX 9.62, closing at GBX 8.50 with a 3.2% decline in value during trading.
  • The company has a market capitalization of £85.82 million, with a negative price-to-earnings ratio of -397.60 and a significant insider ownership of 15.15%.
  • Insider Martin Diggle purchased 102,236 shares at an average price of GBX 11 per share on August 7, indicating continued interest from company insiders despite the stock's recent performance.
  • MarketBeat previews top five stocks to own in November.

Scancell Holdings plc (LON:SCLP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 9.62 ($0.13) and traded as low as GBX 8.50 ($0.12). Scancell shares last traded at GBX 8.50 ($0.12), with a volume of 1,458,022 shares.

Scancell Price Performance

The stock has a market capitalization of £99.83 million, a price-to-earnings ratio of -462.50 and a beta of 0.35. The company has a quick ratio of 13.01, a current ratio of 3.42 and a debt-to-equity ratio of -566.79. The business's 50 day simple moving average is GBX 10.04 and its 200-day simple moving average is GBX 9.64.

Scancell (LON:SCLP - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The company reported GBX (1.26) earnings per share (EPS) for the quarter. On average, research analysts forecast that Scancell Holdings plc will post -2.5361112 earnings per share for the current year.

Insider Buying and Selling at Scancell

In related news, insider Martin Diggle purchased 3,150,000 shares of Scancell stock in a transaction dated Friday, September 12th. The shares were bought at an average cost of GBX 9 per share, for a total transaction of £283,500. In the last 90 days, insiders have purchased 7,652,236 shares of company stock valued at $73,474,596. Company insiders own 15.15% of the company's stock.

About Scancell

(Get Free Report)

Scancell LSE: SCLP is a clinical stage immunotherapy biotech company developing treatments for significant unmet needs in cancer. We aim to translate our innovation and creativity into increased and durable responses in patients without compromising safety, addressing hard-to-treat cancers. Scancell has developed a pipeline of ‘off-the-shelf' vaccines to induce immune responses and highly tumour specific monoclonal antibodies to redirect immune cells or drugs.

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