Synaptogenix Inc (NASDAQ: SNPX) Stock: Looks Like A Good Investment

Synaptogenix Inc (NASDAQ:SNPX) shares, rose in value, with the stock price down by -2.12% to the previous day’s close as strong demand from buyers drove the stock to $0.18.

Actively observing the price movement in the last trading, the stock closed the session at $0.18. Referring to stock’s 52-week performance, its high was $1.88, and the low was $0.14. On the whole, SNPX has fluctuated by -4.36% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SNPX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SNPX currently trading nearly -4.55% and -6.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.49, while the 7-day volatility ratio is showing 12.16% which for the 30-day chart, stands at 11.71%. Furthermore, Synaptogenix Inc (SNPX)’s beta value is 1.57, and its average true range (ATR) is 0.02.

A comparison of Synaptogenix Inc (SNPX) with its peers suggests the former has fared considerably weaker in the market. SNPX showed an intraday change of -2.12% in last session, and over the past year, it shrunk by -77.50%%.

Data on historical trading for Synaptogenix Inc (NASDAQ:SNPX) indicates that the trading volumes over the past 10 days have averaged 0.41 million and over the past 3 months, they’ve averaged 782.57K. According to company’s latest data on outstanding shares, there are 24.09 million shares outstanding.

Nearly 3.24% of Synaptogenix Inc’s shares belong to company insiders and institutional investors own 6.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.43 million shares as on Mar 15, 2024, resulting in a short ratio of 0.4. According to the data, the short interest in Synaptogenix Inc (SNPX) stood at 2.09% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.48 million. The stock has fallen by -33.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SNPX stock heading into the next quarter.