Acelyrin Inc (NASDAQ:SLRN) Shares Are Up 7.51 Percent In A Week – But Can The Gains Continue?

In last trading session, Acelyrin Inc (NASDAQ:SLRN) saw 0.21 million shares changing hands with its beta currently measuring 2.57. Company’s recent per share price level of $4.15 trading at $0.03 or 0.73% at ring of the bell on the day assigns it a market valuation of $410.97M. That closing price of SLRN’s stock is at a discount of -620.0% from its 52-week high price of $29.88 and is indicating a premium of 11.57% from its 52-week low price of $3.67. Taking a look at company’s average trading volume volume of 910.41K if we extend that period to 3-months.

For Acelyrin Inc (SLRN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Acelyrin Inc (NASDAQ:SLRN) trade information

Upright in the green during last session for gaining 0.73%, in the last five days SLRN remained trading in the green while hitting it’s week-highest on Friday, 06/28/24 when the stock touched $4.15 price level, adding 6.74% to its value on the day. Acelyrin Inc’s shares saw a change of -44.37% in year-to-date performance and have moved 7.51% in past 5-day. Acelyrin Inc (NASDAQ:SLRN) showed a performance of 1.22% in past 30-days.

Wall Street analysts have assigned a consensus price target of 13 to the stock, which implies a rise of 68.08% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -213.25% in reaching the projected high whereas dropping to the targeted low would mean a loss of -213.25% for stock’s current value.

Acelyrin Inc (SLRN) estimates and forecasts

Statistics highlight that Acelyrin Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -47.73% of value to its shares in past 6 months, showing an annual growth rate of 38.67% while that of industry is 15.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

SLRN Dividends

Acelyrin Inc is more likely to be releasing its next quarterly report in August 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.