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Scancell (LON:SCLP) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Scancell logo with Medical background

Key Points

  • Scancell Holdings plc shares dropped below their 200-day moving average during trading, indicating a potential downturn in momentum.
  • The company is currently valued at £101.70 million, with a recent reported earnings per share (EPS) of GBX (1.26) for the last quarter.
  • Insider Martin Diggle purchased 3,150,000 shares of the company's stock at an average price of GBX 9 per share, contributing to a total of 7.6 million shares bought by insiders in the last three months.
  • MarketBeat previews top five stocks to own in November.

Scancell Holdings plc (LON:SCLP - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 9.79 ($0.13) and traded as low as GBX 9.75 ($0.13). Scancell shares last traded at GBX 9.86 ($0.13), with a volume of 2,288,309 shares traded.

Scancell Trading Up 0.5%

The firm has a 50-day moving average of GBX 9.96 and a 200-day moving average of GBX 9.79. The company has a debt-to-equity ratio of -566.79, a quick ratio of 13.01 and a current ratio of 3.42. The firm has a market capitalization of £101.70 million, a P/E ratio of -777.78 and a beta of 0.35.

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

Insiders Place Their Bets

In other Scancell news, insider Martin Diggle acquired 3,150,000 shares of the company's stock in a transaction on Friday, September 12th. The stock was acquired at an average price of GBX 9 per share, for a total transaction of £283,500. In the last three months, insiders purchased 7,652,236 shares of company stock valued at $73,474,596. Company insiders own 15.45% of the company's stock.

Scancell Company Profile

(Get Free Report)

Scancell LSE: SCLP is a clinical stage company leveraging two proprietary platforms, Immunobody® and Moditope®, to develop targeted off-the-shelf, patient-accessible active immunotherapies for a cancer-free future. The lead product iSCIB1+ is an Immunobody® DNA active immunotherapy that has demonstrated monotherapy activity in adjuvant melanoma.

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