Published on 8 May 2024 on Simply Wall St. via Yahoo Finance
Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We don't wish catastrophic capital loss on anyone. For example, we sympathize with anyone who was caught holding SCYNEXIS, Inc. (NASDAQ:SCYX) during the five years that saw its share price drop a whopping 87%. And some of the more recent buyers are probably worried, too, with the stock falling 37% in the last year. But it's up 9.2% in the last week. We really hope anyone holding through that price crash has a diversified portfolio. Even when you lose money, you don't have to lose the lesson.
Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.