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How to Buy Scynexis Stock

Scynexis Inc

SCYNEXIS, Inc. , a biotechnology company, develops products for the treatment fungal infections in the United States. It offers BREXAFEMME (ibrexafungerp tablets) for the treatment of vulvovaginal candidiasis (VVC).

Scynexis stock last closed at $1.43, up 2.52% from the previous day, and has decreased 17.63% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.19 percentage points. Scynexis stock is currently +5.56% from its 52-week low of $1.35, and -63.18% from its 52-week high of $3.87.

At the moment, there are 37.21M SCYX shares outstanding. The market capitalization of SCYX is $53.02M. In the past 24 hours, 107,777 SCYX shares were traded.

How to Buy Scynexis Stock

Wondering how to invest in Scynexis stock? Here's how.
  1. Choose where to buy Scynexis stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Scynexis stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit money your brokerage account: Choose your method of payment and add your information.
  4. Analyze Scynexis stock: The Scynexis ticker symbol is SCYX. Is Scynexis stock a good investment? Should you buy shares of SCYX? How do SCYX's underlying business fundamentals look? Do top analysts think Scynexis is a good buy? Why has SCYX's stock price moved recently? (Hint: Our stock analysis website can help you understand if SCYX is a good stock to buy).
  5. Make your SCYX purchase: Decide if you will purchase SCYX shares at the current market price or use a limit order to buy SCYX shares at a given price.
  6. Track your SCYX position: Create a watchlist to key updates about your investment in Scynexis stock.

Step 1: Choose where to buy Scynexis stock

You need a brokerage account to access the NASDAQ market and buy SCYX stock.

A brokerage account allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've picked the right brokerage, you'll need to fill out some personal details so you can invest in SCYX today.

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Step 3: Deposit money your brokerage account

Now that you've finished signing up on our top ranked stock market app, you can securely and quickly fund your account:

Check out the walkthrough below if you need help transferring funds into your investment account.

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Step 4: Analyze Scynexis stock

After you have identified the best place to buy Scynexis stock, it's very important to evaluate their stock prior to buying, so you can wrap your head around the risk and upside.

Scynexis shares at a glance

SCYX Price
$1.43
1w %
1.06%
1y %
-17.63%
5y %
-90.31%
P/E
0.94x
P/B
0.58x
P/S
0.5x
PEG
N/A
Revenue
$135.87M
Earnings
$72.20M
Fore. Rev. Growth
-14.38%
Fore. Earn. Growth
N/A
Market Cap
$53.02M
Next Earnings
Mar 29, 2024
Next Dividend
N/A

Scynexis Overview

WallStreetZen was designed to help everyday investors do better fundamental analysis quickly.

You can view all of the due diligence checks on SCYX's stock page.

Is SCYX stock properly valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge SCYX's true value.

Using relative valuations ratios:

  • SCYX may be undervalued based on its P/E ratio of 0.94x, relative to Drug Manufacturers - Specialty & Generic industry P/E ratio of 53.92x
  • SCYX could be undervalued based on its P/B ratio of 0.58x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.2x

You can do more valuation research on SCYX's stock here.

SCYX Financial Health Overview

Positive Health Checks:

  • Total SCYX debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the SCYX balance sheet.
  • There are more short-term assets than long-term liabilities on the SCYX balance sheet.
  • SCYX earnings of $76.64M is not sufficient to cover its interest payments.
  • SCYX profit margin has gone up from -1,864.1% to 53.1% in the past year.
  • SCYX's operating cash flow of $45.09M allows it to safely service it's debt of $14.81M.

Negative Health Checks:

  • SCYX has a relatively high debt to equity ratio of 0.62.

You can dig deeper into what analysts are forecasting on the Scynexis stock forecast page.

SCYX Technical Indicators

SMA10
1.43
SMA20
1.53
SMA50
1.73
SMA100
1.76
SMA200
2.25
MACD
-0.1
MACD Signal
-0.09
MACD Histogram
0
RSI
33.21
Stochastic %K
16.33
Stochastic %D
14.66
StochRSI %K
39.17
StochRSI %D
23.59

SCYX Performance Numbers

Last year, SCYX revenue was $135.87M. During the past five year, SCYX's revenue has increased by 250.73% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 29.44%.

Find out more about SCYX's earnings and revenue performance here.

Who is buying/selling SCYX?

Over the past year, executives and large shareholders at SCYX have sold more shares than they have bought.

Scott Sukenick, Chief Legal Officer of SCYX, was the latest SCYX insider to sell. They sold $24,741.77 worth of SCYX shares on Feb 16, 2024.

Learn more about who owns SCYX stock here.

Can I get consistent income from SCYX stock?

No, Scynexis doesn't provide an income stream by paying out dividends.

What do other traders have to say about SCYX?

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Make your SCYX purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly sufficient.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price limit, use a limit order.

Press the Open Trade button and your broker will place your order.

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Step 6: Track your SCYX position

Now that you own some SCYX stock, you'll want to keep up with your new investment.

Add SCYX to a watchlist to monitor your SCYX stock.

SCYX Feed

How to Buy Stock in Scynexis

To summarize, here are the 6 steps to buy Scynexis stock:

  1. Choose where to buy Scynexis stock
  2. Open your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Scynexis stock
  5. Make your SCYX purchase
  6. Track your SCYX position

If you require a brokerage account, eToro is our favorite venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to track your investment in Scynexis, hit the button below to create your watchlist.

NASDAQ: SCYX
$1.43+0.04 (+2.52%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: SCYX
$1.43+0.04 (+2.52%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Scynexis share?

As of Mar 27, 2024, it costs $1.43 to buy one share of Scynexis stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.71, you can buy 0.5 shares of SCYX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Scynexis stock?

One way to place an order for Scynexis stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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