In the last trading session, 1,360,020 shares of the Solid Biosciences Inc. (NASDAQ:SLDB) were traded, and its beta was 0. Most recently the company’s share price was $5.23, and it changed around -$0.2 or -0.04% from the last close, which brings the market valuation of the company to $576.03 Million. SLDB currently trades at a discount to its 52-week high of $11.58, offering almost -121.42% off that amount. The share price’s 52-week low was $1.93, which indicates that the current value has risen by an impressive 63.1% since then. We note from Solid Biosciences Inc.’s average daily trading volume that its 10-day average is 1.16 Million shares, with the 3-month average coming to 1.8 Million.
Solid Biosciences Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.7. If we narrow it down even further, the data shows that 2 out of 7 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended SLDB as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Solid Biosciences Inc. is expected to report earnings per share of -$0.34 for the current quarter.
Solid Biosciences Inc. (NASDAQ:SLDB): Trading Information
Although SLDB has showed a red trend with a performance of -3.68% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $5.72- on Wednesday, Mar 31 increased the stock’s daily price by 8.57%. The company’s shares are currently down -0.31% year-to-date, but still down -0.0508 over the last five days. On the other hand, Solid Biosciences Inc. (NASDAQ:SLDB) is -0.44% down in the 30-day period. We can see from the shorts that 3.37 Million shares have been sold at a short interest cover period of 1.87 day (s).
The consensus price target as assigned by Wall Street analysts is $10.43, which translates to bears needing to increase their stock price by 99.43% from its current value. Analyst projections state that SLDB is forecast to be at a low of $2 and a high of $20. In order for the stock price to hit the forecast high, the stock would need to surge +282.41% from its current level, while the stock would need to crash -61.76% from its current level to reach the projected low.
Solid Biosciences Inc. (SLDB) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -53.4%. Solid Biosciences Inc. earnings are expected to increase by 41.6% in 2021, but the outlook is negative 0% per year for the next five years.
Solid Biosciences Inc. (NASDAQ:SLDB)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 18.03% of Solid Biosciences Inc. shares, and 58.57% of them are in the hands of institutional investors. The stock currently has a share float of 71.45%. Solid Biosciences Inc. stock is held by 113 institutions, with Perceptive Advisors Llc being the largest institutional investor. By Dec 30, 2020, it held 9.81% of the shares, which is about 10.8 Million shares worth $81.89 Million.
RA Capital Management, L.P., with 9.06% or 9.98 Million shares worth $75.62 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 30, 2020. The former held 919416 shares worth $6.97 Million, making up 0.83% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 727.22 Thousand shares worth around $5.8 Million, which represents about 0.66% of the total shares outstanding.