Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Acelyrin Inc (NASDAQ: SLRN) was $4.06 for the day, down -5.36% from the previous closing price of $4.29. In other words, the price has decreased by -$5.36 from its previous closing price. On the day, 0.61 million shares were traded. SLRN stock price reached its highest trading level at $4.31 during the session, while it also had its lowest trading level at $4.03.
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 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:
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 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 430396544 and an Enterprise Value of -150482032.
Stock Price History:
Over the past 52 weeks, SLRN has reached a high of $8.89, while it has fallen to a 52-week low of $3.36. The 50-Day Moving Average of the stock is -23.11%, while the 200-Day Moving Average is calculated to be -24.14%.
Shares Statistics:
SLRN traded an average of 660.63K shares per day over the past three months and 468530 shares per day over the past ten days. A total of 99.94M shares are outstanding, with a floating share count of 73.04M. Insiders hold about 27.20% of the company’s shares, while institutions hold 69.53% stake in the company. Shares short for SLRN as of 1732838400 were 5718785 with a Short Ratio of 8.68, compared to 1730332800 on 4701580. Therefore, it implies a Short% of Shares Outstanding of 5718785 and a Short% of Float of 6.5.
