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The closing price of Soleno Therapeutics Inc (NASDAQ: SLNO) was $54.83 for the day, up 5.87% from the previous closing price of $51.79. In other words, the price has increased by $5.87 from its previous closing price. On the day, 0.67 million shares were traded. SLNO stock price reached its highest trading level at $55.5 during the session, while it also had its lowest trading level at $51.78.
Ratios:
Our analysis of SLNO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 17.26 and its Current Ratio is at 17.26. 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 this company, H.C. Wainwright on September 03, 2024, initiated with a Buy rating and assigned the stock a target price of $70.
On May 10, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $72.
On February 05, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $93.Piper Sandler initiated its Overweight rating on February 05, 2024, with a $93 target price.
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 Oct 21 ’24 when Abingworth Bioventures VII LP bought 949,336 shares for $54.16 per share.
Abingworth Bioventures VII LP bought 2,522,751 shares of SLNO for $125,204,132 on Oct 07 ’24. On Oct 01 ’24, another insider, Yen Kristen, who serves as the insider of the company, sold 3,108 shares for $49.43 each. As a result, the insider received 153,627 and left with 81,465 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, SLNO now has a Market Capitalization of 2364127232 and an Enterprise Value of 2110381824.
Stock Price History:
Over the past 52 weeks, SLNO has reached a high of $59.75, while it has fallen to a 52-week low of $25.95. The 50-Day Moving Average of the stock is 3.50%, while the 200-Day Moving Average is calculated to be 16.88%.
Shares Statistics:
SLNO traded an average of 636.98K shares per day over the past three months and 547550 shares per day over the past ten days. A total of 31.68M shares are outstanding, with a floating share count of 30.91M. Insiders hold about 28.31% of the company’s shares, while institutions hold 82.23% stake in the company. Shares short for SLNO as of 1730332800 were 6170886 with a Short Ratio of 9.69, compared to 1727654400 on 4961857. Therefore, it implies a Short% of Shares Outstanding of 6170886 and a Short% of Float of 21.87.
