Cns Pharmaceuticals Inc [CNSP] is -99.83% lower this YTD. Is it still time to buy?

Cns Pharmaceuticals Inc [NASDAQ: CNSP] traded at a low on Tuesday, posting a 0.00 loss after which it closed the day’ session at $0.11.

The results of the trading session contributed to over 2266622 shares changing hands. Over the past one week, the price volatility of Cns Pharmaceuticals Inc stands at 12.46% while the volatility over the past one month is 10.46%.

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The market cap for CNSP stock reached $6.27 million, with 57.49 million shares outstanding and 56.89 million shares in the current float. Compared to the average trading volume of 15.66M shares, CNSP reached a trading volume of 2266622 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Cns Pharmaceuticals Inc [CNSP]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNSP shares is $0.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNSP stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Ladenburg Thalmann have made an estimate for Cns Pharmaceuticals Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 28, 2020. While these analysts kept the previous recommendation, Ladenburg Thalmann raised their target price to Buy. The new note on the price target was released on August 24, 2020, representing the official price target for Cns Pharmaceuticals Inc stock.

The Average True Range (ATR) for Cns Pharmaceuticals Inc is set at 0.01 The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 0.12.

How has CNSP stock performed recently?

Cns Pharmaceuticals Inc [CNSP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.14. With this latest performance, CNSP shares dropped by -11.90% in over the last four-week period, additionally sinking by -94.04% over the last 6 months – not to mention a drop of -99.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNSP stock in for the last two-week period is set at 46.78, with the RSI for the last a single of trading hit 48.70, and the three-weeks RSI is set at 40.34 for Cns Pharmaceuticals Inc [CNSP]. The present Moving Average for the last 50 days of trading for this stock 0.1182, while it was recorded at 0.1096 for the last single week of trading, and 4.1998 for the last 200 days.

Cns Pharmaceuticals Inc [CNSP]: Deeper insight into the fundamentals

Cns Pharmaceuticals Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.81 and a Current Ratio set at 1.81.

Insider trade positions for Cns Pharmaceuticals Inc [CNSP]

There are presently around $0.79%, or 0.80%% of CNSP stock, in the hands of institutional investors.