With 0.72M Outstanding Shares, Can Psyence Biomedical Ltd (NASDAQ: PBM) Deliver Big Short-Term Gains?

Psyence Biomedical Ltd (NASDAQ:PBM) currently has a daily average trading volume of 121.52K but it saw 20257987 shares traded in last market. With a market cap of 2.23M USD, the company’s current market price of $2.64 came rising about 4.76 while comparing to the previous closing price of $2.52. In past 52 weeks, the stock remained buoying in the range of price level as high as $945.15 and as low as $2.13. In the recent trading on the day, stock has struck highest price mark of $2.6 while lowest mark touched by it was $4.0.

Taking a look at 20-day trading activity of Psyence Biomedical Ltd (PBM) gives us an average price of $3.91, while its current price level is -99.72% below from 52-week high level whereas it is 23.94% 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 $5.86 while that of 200 days or SMA-200 reads an average of $39.22. A closer look into the stock’s movement over the week reveals that its volatility is standing at 34.25% during that period while stretching the period over a month that decreases to 22.00%. 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 27.44 which implies that the stock is in oversold territory.

Over the week, PBM’s stock price is moving -24.79% down while it is -46.42% when we observe its performance for the past one month. Year-to-date it is -99.62% down and over the past year, the stock is showing a downside performance of -99.69%.

Currently, Psyence Biomedical Ltd’s total number of outstanding shares is 0.72M. Company’s return on equity (ROE) at 1.27%. Stock’s beta reads -0.57. Its return on asset (ROA) is 1.13% on average.