Psyence Biomedical Ltd (PBM) Down -99.63% From Its 52-Week High, But Growth Potential Is Changing Over Time

Psyence Biomedical Ltd (NASDAQ:PBM) currently has a daily average trading volume of 6.30M but it saw 3015507 shares traded in last market. With a market cap of 3.42M USD, the company’s current market price of $0.05 came falling about -3.91 while comparing to the previous closing price of $0.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.55 and as low as $0.05. In the recent trading on the day, stock has struck highest price mark of $0.0504 while lowest mark touched by it was $0.0595.

Taking a look at 20-day trading activity of Psyence Biomedical Ltd (PBM) gives us an average price of $0.0826, while its current price level is -99.63% below from 52-week high level whereas it is 7.78% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1067 while that of 200 days or SMA-200 reads an average of $0.5891. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.47% during that period while stretching the period over a month that increases to 17.12%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 28.48 which implies that the stock is in oversold territory.

Over the week, PBM’s stock price is moving -30.50% down while it is -50.91% when we observe its performance for the past one month. Year-to-date it is -99.42% down and over the past year, the stock is showing a downside performance of -99.51%.

Currently, Psyence Biomedical Ltd’s total number of outstanding shares is 16.70M. Company’s return on equity (ROE) at 1.27%. Stock’s beta reads -0.48. Its return on asset (ROA) is 1.13% on average.