In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Solid Biosciences Inc (NASDAQ: SLDB) closed the day trading at $3.27 up 0.62% from the previous closing price of $3.25. In other words, the price has increased by $0.62 from its previous closing price. On the day, 0.49 million shares were traded. SLDB stock price reached its highest trading level at $3.32 during the session, while it also had its lowest trading level at $3.2.
Ratios:
For a better understanding of SLDB, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.85 and its Current Ratio is at 7.85. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.13.
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, Truist on January 08, 2025, initiated with a Buy rating and assigned the stock a target price of $16.
On December 13, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $16.
On December 10, 2024, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $15.JMP Securities initiated its Mkt Outperform rating on December 10, 2024, with a $15 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 Jan 10 ’25 when Tan Kevin sold 4,073 shares for $3.89 per share. The transaction valued at 15,849 led to the insider holds 24,789 shares of the business.
Ganot Ilan sold 1,056 shares of SLDB for $4,551 on Jan 06 ’25. The Director now owns 11,445 shares after completing the transaction at $4.31 per share. On Dec 03 ’24, another insider, Hanrahan Jessie, who serves as the Chief Regulatory Officer of the company, sold 4,610 shares for $5.60 each. As a result, the insider received 25,822 and left with 14,235 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, SLDB now has a Market Capitalization of 130651544 and an Enterprise Value of -15746435.
Stock Price History:
The Beta on a monthly basis for SLDB is 2.03, which has changed by -0.5839695 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. Over the past 52 weeks, SLDB has reached a high of $15.05, while it has fallen to a 52-week low of $3.03. The 50-Day Moving Average of the stock is -30.91%, while the 200-Day Moving Average is calculated to be -54.90%.
Shares Statistics:
Over the past 3-months, SLDB traded about 384.68K shares per day on average, while over the past 10 days, SLDB traded about 741000 shares per day. A total of 38.93M shares are outstanding, with a floating share count of 32.75M. Insiders hold about 18.04% of the company’s shares, while institutions hold 72.98% stake in the company. Shares short for SLDB as of 1735603200 were 2058743 with a Short Ratio of 5.35, compared to 1732838400 on 1549971. Therefore, it implies a Short% of Shares Outstanding of 2058743 and a Short% of Float of 10.280000000000001.
