The -99.29% Simple Moving Average of BYND Cannasoft Enterprises Inc’s (BCAN) Stock in the Past 200 Days

The stock of BYND Cannasoft Enterprises Inc (BCAN) has seen a -32.91% decrease in the past week, with a -95.63% drop in the past month, and a -97.96% decrease in the past quarter. The volatility ratio for the week is 22.84%, and the volatility levels for the past 30 days are at 19.51% for BCAN. The simple moving average for the last 20 days is -86.89% for BCAN’s stock, with a simple moving average of -99.29% for the last 200 days.

Is It Worth Investing in BYND Cannasoft Enterprises Inc (NASDAQ: BCAN) Right Now?

Company’s 36-month beta value is 1.08.

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The public float for BCAN is 10.99M, and currently, short sellers hold a 0.15% ratio of that floaft. The average trading volume of BCAN on April 02, 2024 was 388.95K shares.

BCAN) stock’s latest price update

BYND Cannasoft Enterprises Inc (NASDAQ: BCAN)’s stock price has gone decline by -8.04 in comparison to its previous close of 1.43, however, the company has experienced a -32.91% decrease in its stock price over the last five trading days. InvestorPlace reported 2023-07-17 that BYND Cannasoft Enterprise (NASDAQ: BCAN ) stock is dropping on Monday after the company announced an underwritten stock offering. BYND Cannasoft Enterprise announced the underwritten offering after markets closed on Friday.

BCAN Trading at -95.23% from the 50-Day Moving Average

After a stumble in the market that brought BCAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.82% of loss for the given period.

Volatility was left at 19.51%, however, over the last 30 days, the volatility rate increased by 22.84%, as shares sank -95.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -97.29% lower at present.

During the last 5 trading sessions, BCAN fell by -31.63%, which changed the moving average for the period of 200-days by -99.80% in comparison to the 20-day moving average, which settled at $8.7059. In addition, BYND Cannasoft Enterprises Inc saw -97.96% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for BCAN

Current profitability levels for the company are sitting at:

  • -3.07 for the present operating margin
  • 0.5 for the gross margin

The net margin for BYND Cannasoft Enterprises Inc stands at -3.64. The total capital return value is set at -0.07. Equity return is now at value -8.75, with -8.67 for asset returns.

Based on BYND Cannasoft Enterprises Inc (BCAN), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -41.37. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -7.78.

Currently, EBITDA for the company is -1.71 million with net debt to EBITDA at 0.62. When we switch over and look at the enterprise to sales, we see a ratio of -0.69. The receivables turnover for the company is 9.25for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.90.

Conclusion

In a nutshell, BYND Cannasoft Enterprises Inc (BCAN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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