Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Acelyrin Inc (NASDAQ: SLRN) closed at $2.10 down -2.33% from its previous closing price of $2.15. In other words, the price has decreased by -$2.33 from its previous closing price. On the day, 0.79 million shares were traded. SLRN stock price reached its highest trading level at $2.19 during the session, while it also had its lowest trading level at $2.02.
Ratios:
For a deeper understanding of Acelyrin Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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. On Feb 20 ’24, another insider, Lin Shao-Lee, who serves as the Chief Executive Officer of the company, sold 15,701 shares for $7.60 each. As a result, the insider received 119,403 and left with 1,587,335 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SLRN now has a Market Capitalization of 210684592 and an Enterprise Value of -346160000.
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 $1.91. The 50-Day Moving Average of the stock is -49.27%, while the 200-Day Moving Average is calculated to be -56.41%.
Shares Statistics:
For the past three months, SLRN has traded an average of 934.01K shares per day and 2440420 over the past ten days. A total of 99.94M shares are outstanding, with a floating share count of 73.18M. Insiders hold about 27.06% of the company’s shares, while institutions hold 69.54% stake in the company. Shares short for SLRN as of 1735603200 were 6141478 with a Short Ratio of 6.58, compared to 1732838400 on 5718785. Therefore, it implies a Short% of Shares Outstanding of 6141478 and a Short% of Float of 6.98.
