Is Ensysce Biosciences Inc (NASDAQ: ENSC) Proving The Doubters Wrong?

Ensysce Biosciences Inc (ENSC) concluded trading on Wednesday at a closing price of $1.62, with 18.1 million shares of worth about $29.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -21.74% during that period and on Wednesday, January 31 the price saw a gain of about 12.50%. Currently the company’s common shares owned by public are about 3.15M shares, out of which, 2.91M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 2 times over the past 12 months. They bought 199,587 shares in 2 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

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Stock saw a price change of 21.80% in past 5 days and over the past one month there was a price change of 52.83%. Year-to-date (YTD), ENSC shares are showing a performance of 52.83% which decreased to -80.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.76 but also hit the highest price of $9.84 during that period. The average intraday trading volume for Ensysce Biosciences Inc shares is 1.16 million. The stock is currently trading 26.52% above its 20-day simple moving average (SMA20), while that difference is up 45.81% for SMA50 and it goes to -12.27% lower than SMA200.

Ensysce Biosciences Inc (NASDAQ: ENSC) currently have 3.15M outstanding shares and institutions hold larger chunk of about 6.22% of that.

The stock has a current market capitalization of $5.10M and its 3Y-monthly beta is at 0.92. It has posted earnings per share of -$7.76 in the same period. It has Quick Ratio of 2.33 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENSC, volatility over the week remained 19.20% while standing at 17.83% over the month.

Analysts are in expectations that Ensysce Biosciences Inc (ENSC) stock would likely to be making an EPS of -$0.87 in the current quarter, while forecast for next quarter EPS is -$0.83 and it is -$3.34 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.93 which is -$0.81 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$18.24 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 58.69% while it is estimated to increase by 30.42% in next year.

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