CymaBay Therapeutics Inc. (CBAY) is 6.77% away from 50-day simple Moving Average despite all headwinds

A new trading day began on June 22, 2022, with CymaBay Therapeutics Inc. (NASDAQ: CBAY) stock priced at $2.07, up 16.50% from the previous day of trading. During the day, the shares moved up to $2.4458 and dropped to $2.03 before settling in for the closing price of $2.06. CBAY’s price has ranged from $1.67 to $4.83 over the past 52 weeks.


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Meanwhile, its annual earnings per share averaged -71.10%. With a float of $80.92 million, this company’s outstanding shares have now reached $87.80 million.

In an organization with 60 employees, it is important to assess its efficiency.

CymaBay Therapeutics Inc. (CBAY) Insider and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of CymaBay Therapeutics Inc. is 0.20%, while institutional ownership is 80.50%. The most recent insider transaction that took place on Jun 06, was worth 100,037. In this transaction Chief Executive Officer of this company bought 51,301 shares at a rate of $1.95, taking the stock ownership to the 171,301 shares. Before that another transaction happened on Jan 19, when Company’s Chief Medical Officer bought 20,000 for $3.04, making the entire transaction worth $60,800. This insider now owns 20,000 shares in total.

CymaBay Therapeutics Inc. (CBAY) Latest Financial update

In its latest quarterly report, released on 3/30/2022, the company reported earnings of -$0.32 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a return on equity of -65.30. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.33 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -71.10% per share during the next fiscal year.

CymaBay Therapeutics Inc. (NASDAQ: CBAY) Trading Performance Indicators

Here are CymaBay Therapeutics Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 13.70.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.32, a number that is poised to hit -0.30 in the next quarter and is forecasted to reach -1.29 in one year’s time.

Technical Analysis of CymaBay Therapeutics Inc. (CBAY)

Let’s dig in a bit further. During the last 5-days, its volume was 0.78 million. That was better than the volume of 0.52 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.75%. Additionally, its Average True Range was 0.17.

During the past 100 days, CymaBay Therapeutics Inc.’s (CBAY) raw stochastic average was set at 39.03%, which indicates a significant decrease from 88.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 112.43% in the past 14 days, which was higher than the 72.88% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.23, while its 200-day Moving Average is $3.19. However, in the short run, CymaBay Therapeutics Inc.’s stock first resistance to watch stands at $2.55. Second resistance stands at $2.71. The third major resistance level sits at $2.97. If the price goes on to break the first support level at $2.14, it is likely to go to the next support level at $1.88. The third support level lies at $1.72 if the price breaches the second support level.

CymaBay Therapeutics Inc. (NASDAQ: CBAY) Key Stats

With a market capitalization of 196.99 million, the company has a total of 84,678K Shares Outstanding. Currently, annual sales are 0 K while annual income is -90,000 K. The company’s previous quarter sales were 0 K while its latest quarter income was -27,770 K.

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