In last trading session, Solid Biosciences Inc (NASDAQ:SLDB) saw 0.38 million shares changing hands with its beta currently measuring 1.40. Company’s recent per share price level of $2.57 trading at -$0.15 or -5.51% at ring of the bell on the day assigns it a market valuation of $51.86M. That closing price of SLDB’s stock is at a discount of -219.07% from its 52-week high price of $8.20 and is indicating a premium of 29.57% from its 52-week low price of $1.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.46 million shares which gives us an average trading volume of 250.23K if we extend that period to 3-months.
For Solid Biosciences Inc (SLDB), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$1.03 in the current quarter.
Solid Biosciences Inc (NASDAQ:SLDB) trade information
Upright in the red during last session for losing -5.51%, in the last five days SLDB remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $2.57 price level, adding 16.01% to its value on the day. Solid Biosciences Inc’s shares saw a change of -52.23% in year-to-date performance and have moved 16.29% in past 5-day. Solid Biosciences Inc (NASDAQ:SLDB) showed a performance of 19.53% in past 30-days. Number of shares sold short was 37850.0 shares which calculate 0.82 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $7.33 to the stock, which implies a rise of 64.94% to its current value. Analysts have been projecting $6.00 as a low price target for the stock while placing it at a high target of $8.00. It follows that stock’s current price would drop -211.28% in reaching the projected high whereas dropping to the targeted low would mean a loss of -133.46% for stock’s current value.
Solid Biosciences Inc (SLDB) estimates and forecasts
Statistics highlight that Solid Biosciences Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -57.17% of value to its shares in past 6 months, showing an annual growth rate of 52.67% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -51.50% in the current quarter and calculating 26.00% increase in the next quarter. This year revenue growth is estimated to fall -81.80% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.2 million for the same. And 2 analysts are in estimates of company making revenue of $2.2 million in the next quarter that will end on Mar 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.17% during past 5 years.
Solid Biosciences Inc is more likely to be releasing its next quarterly report on November 08 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Solid Biosciences Inc (NASDAQ:SLDB)’s Major holders
Insiders are in possession of 1.05% of company’s total shares while institution are holding 80.55 percent of that, with stock having share float percentage of 81.40%. Investors also watch the number of corporate investors in a company very closely, which is 80.55% institutions for Solid Biosciences Inc that are currently holding shares of the company. Perceptive Advisors Llc is the top institutional holder at SLDB for having 3.5 million shares of worth $18.32 million. And as of Jun 29, 2023, it was holding 17.43% of the company’s outstanding shares.
The second largest institutional holder is RA Capital Management, L.P., which was holding about 3.43 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 17.08% of outstanding shares, having a total worth of $17.95 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.17 million shares of worth $0.89 million or 0.85% of the total outstanding shares. The later fund manager was in possession of 58895.0 shares on Jun 29, 2023, making its stake of worth around $0.31 million in the company or a holder of 0.29% of company’s stock.