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In the latest session, Soleno Therapeutics Inc (NASDAQ: SLNO) closed at $46.13 up 1.94% from its previous closing price of $45.25. In other words, the price has increased by $1.94 from its previous closing price. On the day, 0.53 million shares were traded. SLNO stock price reached its highest trading level at $46.49 during the session, while it also had its lowest trading level at $44.76.
Ratios:
For a deeper understanding of Soleno Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 29.24 and its Current Ratio is at 29.24. 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, Robert W. Baird on May 10, 2024, initiated with a Outperform rating and assigned the stock a target price of $72.
On February 05, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $93.
On January 23, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $63.Stifel initiated its Buy rating on January 23, 2024, with a $63 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 Aug 06 ’24 when Yen Kristen sold 5,957 shares for $45.46 per share. The transaction valued at 270,780 led to the insider holds 95,278 shares of the business.
Yen Kristen sold 5,017 shares of SLNO for $229,618 on Aug 05 ’24. The insider now owns 101,235 shares after completing the transaction at $45.77 per share. On Aug 06 ’24, another insider, Mackaness James H, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 8,134 shares for $45.46 each. As a result, the insider received 369,736 and left with 140,780 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 1793147008 and an Enterprise Value of 1527319680.
Stock Price History:
Over the past 52 weeks, SLNO has reached a high of $53.82, while it has fallen to a 52-week low of $3.69. The 50-Day Moving Average of the stock is 1.14%, while the 200-Day Moving Average is calculated to be 9.59%.
Shares Statistics:
For the past three months, SLNO has traded an average of 469.18K shares per day and 490870 over the past ten days. A total of 31.68M shares are outstanding, with a floating share count of 23.51M. Insiders hold about 39.52% of the company’s shares, while institutions hold 78.16% stake in the company. Shares short for SLNO as of 1722384000 were 3960397 with a Short Ratio of 8.44, compared to 1719532800 on 3511718. Therefore, it implies a Short% of Shares Outstanding of 3960397 and a Short% of Float of 16.860001.
