SCYNEXIS (SCYX) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

SCYNEXIS (NASDAQ:SCYX) posted its quarterly earnings data on Thursday. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.04, Fidelity Earnings reports. SCYNEXIS had a negative net margin of 8,592.97% and a negative return on equity of 102.52%. The business had revenue of $0.06 million during the quarter, compared to analyst estimates of $0.06 million.

Shares of NASDAQ SCYX traded down $0.13 during midday trading on Friday, hitting $1.45. The company’s stock had a trading volume of 25,707 shares, compared to its average volume of 1,395,365. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.53 and a current ratio of 4.53. SCYNEXIS has a 1 year low of $0.35 and a 1 year high of $2.15. The firm has a market cap of $66.96 million, a price-to-earnings ratio of -1.47 and a beta of 2.34.

Several research firms have recently commented on SCYX. Zacks Investment Research lowered shares of SCYNEXIS from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. ValuEngine lowered shares of SCYNEXIS from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. SCYNEXIS currently has an average rating of “Buy” and an average price target of $4.81.

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SCYNEXIS Company Profile

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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