CytoDyn (OTCMKTS:CYDY) Shares Pass Below Fifty Day Moving Average – Here’s Why

CytoDyn Inc. (OTCMKTS:CYDYGet Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.24 and traded as low as $0.20. CytoDyn shares last traded at $0.20, with a volume of 1,025,437 shares.

CytoDyn Price Performance

The company has a fifty day simple moving average of $0.24 and a 200-day simple moving average of $0.18. The company has a market cap of $251.42 million, a P/E ratio of -20.40 and a beta of 1.33.

About CytoDyn

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CytoDyn Inc, a clinical-stage biotechnology company, engages in the development of treatments for multiple therapeutic indications. The company is involved in the clinical development of leronlimab, a novel humanized monoclonal antibody targeting the C-C chemokine receptor type 5 receptor in the areas of COVID-19, human immunodeficiency virus (HIV), Metabolic dysfunction-associated steatohepatitis (MASH), and solid tumors in oncology, such as metastatic triple-negative breast cancer.

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