Should You Sell Ensysce Biosciences Inc (ENSC) And Go Away This Year?

Ensysce Biosciences Inc (NASDAQ:ENSC) currently has a daily average trading volume of 27.47M but it saw 3086102 shares traded in last market. With a market cap of 12.45M USD, the company’s current market price of $0.64 came falling about -10.34 while comparing to the previous closing price of $0.71. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.06 and as low as $0.14. In the recent trading on the day, stock has struck highest price mark of $0.615 while lowest mark touched by it was $0.695.

Taking a look at 20-day trading activity of Ensysce Biosciences Inc (ENSC) gives us an average price of $0.5196, while its current price level is -69.14% below from 52-week high level whereas it is 350.21% 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 $0.3674 while that of 200 days or SMA-200 reads an average of $0.5720. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.70% during that period while stretching the period over a month that increases to 28.30%. 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 59.01 which implies that the stock is in neutral territory.

Over the week, ENSC’s stock price is moving -8.62% down while it is 267.88% when we observe its performance for the past one month. Year-to-date it is -40.03% down and over the past year, the stock is showing a downside performance of -25.66%.

Currently, Ensysce Biosciences Inc’s total number of outstanding shares is 14.91M. Company’s return on investment (ROI) stands at -438.48% and return on equity (ROE) at -196.55%. Stock’s beta reads 0.69. Stock has a price to book (P/B) ratio of 2.87 while price to sale or P/S ratio amounts to 2.82. Its return on asset (ROA) is -125.77% on average.