Synergy Pharmaceuticals Inc. (SGYP): What’s the Story?

Synergy Pharmaceuticals Inc. (SGYP) is an interesting player in the Healthcare space, with a focus on Drug Manufacturers – Other. The stock has been active on the tape, currently trading at $1.75, down from yesterday’s close by -1.41%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Synergy Pharmaceuticals Inc. (SGYP) currently trades with a market capitalization of $431.66 Million. That value represents a market adjusting for revenues that have been growing by 8,661.22 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$185.49 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of -$0.16 on a per share basis this quarter. Perhaps, that suggests something about why 0.31% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how SGYP has been acting. Looking at the stock’s movement on the chart, Synergy Pharmaceuticals Inc. recorded a 52-week high of $4.84. It is now trading 3.09% off that level. The stock is trading $1.81 its 50-day moving average by 0.06%. The stock carved out a 52-week low down at $1.42.

In recent action, Synergy Pharmaceuticals Inc. (SGYP) has made a move of -2.23% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 25.72% with $242.78 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SGYP.

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