The stock of BYND Cannasoft Enterprises Inc (BCAN) has gone down by 0.00% for the week, with a -32.17% drop in the past month and a -97.66% drop in the past quarter. The volatility ratio for the week is 11.57%, and the volatility levels for the past 30 days are 16.66% for BCAN. The simple moving average for the past 20 days is 0.16% for BCAN’s stock, with a -99.20% simple moving average for the past 200 days.
Is It Worth Investing in BYND Cannasoft Enterprises Inc (NASDAQ: BCAN) Right Now?
Company’s 36-month beta value is 1.22.
The public float for BCAN is 0.54M, and currently, short sellers hold a 76.08% ratio of that floaft. The average trading volume of BCAN on May 01, 2024 was 1.24M shares.
BCAN) stock’s latest price update
The stock price of BYND Cannasoft Enterprises Inc (NASDAQ: BCAN) has surged by 7.78 when compared to previous closing price of 0.90, 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 -91.84% 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 -99.86% of loss for the given period.
Volatility was left at 16.66%, however, over the last 30 days, the volatility rate increased by 11.57%, as shares sank -23.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -97.14% lower at present.
During the last 5 trading sessions, BCAN remain unchanged, which changed the moving average for the period of 200-days by -99.84% in comparison to the 20-day moving average, which settled at $0.9540. In addition, BYND Cannasoft Enterprises Inc saw -98.50% 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:
- 7.39 for the present operating margin
- 0.37 for the gross margin
The net margin for BYND Cannasoft Enterprises Inc stands at -17.18. The total capital return value is set at 0.22. Equity return is now at value -43.37, with -42.05 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 -40.75. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 516.14.
Currently, EBITDA for the company is 8.05 million with net debt to EBITDA at -0.38. When we switch over and look at the enterprise to sales, we see a ratio of 6.83. The receivables turnover for the company is 7.84for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.75.
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.
