SCYNEXIS (SCYX) Gets a Buy Rating from Ladenburg Thalmann & Co.

By Carrie Williams

Ladenburg Thalmann & Co. analyst Michael Higgins maintained a Buy rating on SCYNEXIS (SCYXResearch Report) today and set a price target of $6.00. The company’s shares closed last Monday at $1.35.

According to TipRanks.com, Higgins is ranked 0 out of 5 stars with an average return of -14.5% and a 28.8% success rate. Higgins covers the Healthcare sector, focusing on stocks such as Eiger Biopharmaceuticals, Zynerba Pharmaceuticals, and Armata Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SCYNEXIS with a $4.90 average price target.

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The company has a one-year high of $1.90 and a one-year low of $0.35. Currently, SCYNEXIS has an average volume of 243.1K.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCYX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SCYNEXIS, Inc. is a biotechnology company, which engages in the development of novel oral and intravenous triterpenoid antifungal for the treatment of several serious fungal infections, including vulvovaginal candidiasis, invasive aspergillosis, invasive candidiasis, and refractory invasive fungal infections.