SCYNEXIS Inc (SCYX) Director Acquires $19,999.46 in Stock

SCYNEXIS Inc (NASDAQ:SCYX) Director David C. Hastings bought 11,834 shares of SCYNEXIS stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $1.69 per share, for a total transaction of $19,999.46. Following the completion of the purchase, the director now directly owns 31,834 shares of the company’s stock, valued at approximately $53,799.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SCYNEXIS Inc (SCYX) traded up $0.03 on Monday, hitting $1.46. The stock had a trading volume of 78,686 shares, compared to its average volume of 315,403. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.30 and a current ratio of 7.30. SCYNEXIS Inc has a 52-week low of $1.35 and a 52-week high of $3.24.

Several research firms have recently issued reports on SCYX. Zacks Investment Research cut SCYNEXIS from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. ValuEngine raised SCYNEXIS from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.75.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new stake in SCYNEXIS in the third quarter worth $264,000. GSA Capital Partners LLP grew its stake in SCYNEXIS by 17.1% in the third quarter. GSA Capital Partners LLP now owns 206,900 shares of the company’s stock worth $499,000 after purchasing an additional 30,200 shares during the period. Finally, Vanguard Group Inc. grew its stake in SCYNEXIS by 6.0% in the second quarter. Vanguard Group Inc. now owns 868,394 shares of the company’s stock worth $1,554,000 after purchasing an additional 48,978 shares during the period. 30.95% of the stock is currently owned by hedge funds and other institutional investors.

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SCYNEXIS Company Profile

SCYNEXIS, Inc is engaged in the discovery, development and commercialization of anti-infectives. The Company is developing its lead product candidate, SCY-078, as an oral and intravenous (IV) drug for the treatment of several fungal infections, including serious invasive fungal infections. SCY-078 is a structurally distinct glucan synthase inhibitor that has been shown to be effective in vitro and in vivo in animal studies against a range of Candida and Aspergillus species, including drug-resistant strains.

Insider Buying and Selling by Quarter for SCYNEXIS (NASDAQ:SCYX)

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