Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Acelyrin Inc’s stock clocked out at $2.57, down -0.39% from its previous closing price of $2.58. In other words, the price has decreased by -$0.39 from its previous closing price. On the day, 3.32 million shares were traded.
Ratios:
To gain a deeper understanding of SLRN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.15 and its Current Ratio is at 7.15. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, H.C. Wainwright on August 14, 2024, Downgraded its rating to Neutral and sets its target price to $6 from $18 previously.
On July 08, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight but kept the price unchanged to $13.
On December 13, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $11.Wells Fargo initiated its Equal Weight rating on December 13, 2023, with a $11 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 17 ’24 when Becker Daniel J. sold 1 shares for $6.86 per share. The transaction valued at 7 led to the insider holds 2,999 shares of the business.
Lin Shao-Lee sold 9,961 shares of SLRN for $66,024 on Apr 01 ’24. The Chief Executive Officer now owns 1,577,374 shares after completing the transaction at $6.63 per share.
Stock Price History:
Over the past 52 weeks, SLRN has reached a high of $8.89, while it has fallen to a 52-week low of $1.85. The 50-Day Moving Average of the stock is 2.94%, while the 200-Day Moving Average is calculated to be -41.27%.
Shares Statistics:
A total of 99.94M shares are outstanding, with a floating share count of 72.60M. Insiders hold about 27.63% of the company’s shares, while institutions hold 75.67% stake in the company.
