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The closing price of Acelyrin Inc (NASDAQ: SLRN) was $4.12 for the day, up 1.73% from the previous closing price of $4.05. In other words, the price has increased by $1.73 from its previous closing price. On the day, 1.38 million shares were traded. SLRN stock price reached its highest trading level at $4.29 during the session, while it also had its lowest trading level at $4.05.
Ratios:
Our analysis of SLRN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 13.27 and its Current Ratio is at 13.27. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 this company, Wells Fargo on December 13, 2023, initiated with a Equal Weight rating and assigned the stock a target price of $11.
On December 08, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $8.
Morgan Stanley Downgraded its Overweight to Equal-Weight on September 13, 2023, while the target price for the stock was maintained at $19.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when Lin Shao-Lee sold 9,961 shares for $6.63 per share. The transaction valued at 66,024 led to the insider holds 1,577,374 shares of the business.
Lin Shao-Lee sold 15,701 shares of SLRN for $119,403 on Feb 20 ’24. The Chief Executive Officer now owns 1,587,335 shares after completing the transaction at $7.60 per share. On Jan 02 ’24, another insider, Lin Shao-Lee, who serves as the Chief Executive Officer of the company, sold 10,691 shares for $7.41 each. As a result, the insider received 79,188 and left with 1,603,036 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 407991232 and an Enterprise Value of -269182816.
Stock Price History:
Over the past 52 weeks, SLRN has reached a high of $29.88, while it has fallen to a 52-week low of $3.91. The 50-Day Moving Average of the stock is -20.93%, while the 200-Day Moving Average is calculated to be -55.80%.
Shares Statistics:
SLRN traded an average of 1.19M shares per day over the past three months and 1064060 shares per day over the past ten days. A total of 97.87M shares are outstanding, with a floating share count of 62.84M. Insiders hold about 36.54% of the company’s shares, while institutions hold 75.69% stake in the company. Shares short for SLRN as of 1715731200 were 7024982 with a Short Ratio of 5.89, compared to 1713139200 on 7845594. Therefore, it implies a Short% of Shares Outstanding of 7024982 and a Short% of Float of 8.1099994.
