The stock price of Psyence Biomedical Ltd (NASDAQ: PBM) has dropped by -4.03 compared to previous close of 0.07. Despite this, the company has seen a fall of -29.89% in its stock price over the last five trading days. globenewswire.com reported 2024-10-31 that PsyLabs develops and produces certified pharmaceutical-grade nature-derived psychedelics for applications in mental health and well-being
Is It Worth Investing in Psyence Biomedical Ltd (NASDAQ: PBM) Right Now?
Moreover, the 36-month beta value for PBM is -0.43.
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The public float for PBM is 9.32M and currently, short sellers hold a 6.50% of that float. On November 04, 2024, PBM’s average trading volume was 5.17M shares.
PBM’s Market Performance
The stock of Psyence Biomedical Ltd (PBM) has seen a -29.89% decrease in the past week, with a -33.47% drop in the past month, and a -86.87% fall in the past quarter. The volatility ratio for the week is 10.96%, and the volatility levels for the past 30 days are at 14.79% for PBM. The simple moving average for the past 20 days is -31.10% for PBM’s stock, with a -91.10% simple moving average for the past 200 days.
PBM Trading at -57.16% from the 50-Day Moving Average
After a stumble in the market that brought PBM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.54% of loss for the given period.
Volatility was left at 14.79%, however, over the last 30 days, the volatility rate increased by 10.96%, as shares sank -37.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.81% lower at present.
During the last 5 trading sessions, PBM fell by -29.89%, in comparison to the 20-day moving average, which settled at $0.0967. In addition, Psyence Biomedical Ltd saw -99.28% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PBM
The total capital return value is set at 155.06. Equity return is now at value 1.27, with 1.13 for asset returns.
Based on Psyence Biomedical Ltd (PBM), the company’s capital structure generated -19.88 points at debt to capital in total, while cash flow to debt ratio is standing at -48.2.
Currently, EBITDA for the company is -2.75 million with net debt to EBITDA at -0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.
Conclusion
To wrap up, the performance of Psyence Biomedical Ltd (PBM) has been bad in recent times. The stock has received a mixed of “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.
