It’s Not A Fantasy To Think That Ensysce Biosciences Inc (ENSC) Has Big Future Potential

Ensysce Biosciences Inc (NASDAQ:ENSC) currently has a daily average trading volume of 27.64M but it saw 1923584 shares traded in last market. With a market cap of 11.59M USD, the company’s current market price of $0.59 came falling about -9.65 while comparing to the previous closing price of $0.66. 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 $0.57 while lowest mark touched by it was $0.655.

Taking a look at 20-day trading activity of Ensysce Biosciences Inc (ENSC) gives us an average price of $0.6015, while its current price level is -71.24% below from 52-week high level whereas it is 319.55% 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 $0.3984 while that of 200 days or SMA-200 reads an average of $0.5524. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.30% during that period while stretching the period over a month that increases to 23.67%. 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 53.54 which implies that the stock is in neutral territory.

Over the week, ENSC’s stock price is moving -6.81% down while it is 47.66% when we observe its performance for the past one month. Year-to-date it is -44.11% down and over the past year, the stock is showing a downside performance of -31.12%.

Currently, Ensysce Biosciences Inc’s total number of outstanding shares is 19.57M. Company’s return on investment (ROI) stands at -114.75% and return on equity (ROE) at -188.86%. Stock’s beta reads 0.66. Stock has a price to book (P/B) ratio of 1.19 while price to sale or P/S ratio amounts to 2.62. Its return on asset (ROA) is -125.77% on average.