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After finishing at $5.98 in the prior trading day, Acelyrin Inc (NASDAQ: SLRN) closed at $5.16, down -13.71%. In other words, the price has decreased by -$13.71 from its previous closing price. On the day, 1.2 million shares were traded. SLRN stock price reached its highest trading level at $6.19 during the session, while it also had its lowest trading level at $5.02.
Ratios:
Our goal is to gain a better understanding of SLRN by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 517682144 and an Enterprise Value of -40662752.
Stock Price History:
Over the past 52 weeks, SLRN has reached a high of $9.25, while it has fallen to a 52-week low of $3.36. The 50-Day Moving Average of the stock is -4.49%, while the 200-Day Moving Average is calculated to be -8.52%.
Shares Statistics:
The stock has traded on average 847.87K shares per day over the past 3-months and 395680 shares per day over the last 10 days, according to various share statistics. A total of 97.87M shares are outstanding, with a floating share count of 74.25M. Insiders hold about 25.60% of the company’s shares, while institutions hold 72.62% stake in the company. Shares short for SLRN as of 1730332800 were 4701580 with a Short Ratio of 5.55, compared to 1727654400 on 6390118. Therefore, it implies a Short% of Shares Outstanding of 4701580 and a Short% of Float of 5.38.
