In the past week, BCAN stock has gone up by 5.06%, with a monthly decline of -11.65% and a quarterly plunge of -97.20%. The volatility ratio for the week is 9.96%, and the volatility levels for the last 30 days are 14.79% for BYND Cannasoft Enterprises Inc The simple moving average for the past 20 days is 1.98% for BCAN’s stock, with a -99.16% simple moving average for the past 200 days.
Is It Worth Investing in BYND Cannasoft Enterprises Inc (NASDAQ: BCAN) Right Now?
The 36-month beta value for BCAN is at 1.23.
The public float for BCAN is 0.54M, and currently, shorts hold a 76.08% of that float. The average trading volume for BCAN on May 09, 2024 was 1.38M shares.
BCAN) stock’s latest price update
The stock price of BYND Cannasoft Enterprises Inc (NASDAQ: BCAN) has surged by 1.79 when compared to previous closing price of 0.92, but the company has seen a 5.06% gain in its stock price over the last five trading sessions. 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 -87.20% 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 14.79%, however, over the last 30 days, the volatility rate increased by 9.96%, as shares surge +0.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -97.65% lower at present.
During the last 5 trading sessions, BCAN rose by +5.06%, which changed the moving average for the period of 200-days by -99.63% in comparison to the 20-day moving average, which settled at $0.9184. In addition, BYND Cannasoft Enterprises Inc saw -98.55% 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 6.46. 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 conclusion, BYND Cannasoft Enterprises Inc (BCAN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
