A -572.27% Or Greater Growth Is Projected For SELLAS Life Sciences Group Inc (NASDAQ: SLS)

During the last session, SELLAS Life Sciences Group Inc (NASDAQ:SLS)’s traded shares were 0.49 million, with the beta value of the company hitting 2.40. At the end of the trading day, the stock’s price was $1.19, reflecting an intraday gain of 0.85% or $0.01. The 52-week high for the SLS share is $1.72, that puts it down -44.54 from that peak though still a striking 57.98% gain since the share price plummeted to a 52-week low of $0.50. The company’s market capitalization is $76.55M, and the average intraday trading volume over the past 10 days was 0.69 million shares, and the average trade volume was 544.87K shares over the past three months.

SELLAS Life Sciences Group Inc (SLS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SLS has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.13.

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SELLAS Life Sciences Group Inc (NASDAQ:SLS) trade information

SELLAS Life Sciences Group Inc (SLS) registered a 0.85% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.85% in intraday trading to $1.19, hitting a weekly high. The stock’s 5-day price performance is -3.25%, and it has moved by -4.03% in 30 days. Based on these gigs, the overall price performance for the year is 25.03%. The short interest in SELLAS Life Sciences Group Inc (NASDAQ:SLS) is 6.08 million shares and it means that shorts have 12.41 day(s) to cover.

The consensus price target of analysts on Wall Street is $7, which implies an increase of 83.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $8 respectively. As a result, SLS is trading at a discount of -572.27% off the target high and -404.2% off the low.

SELLAS Life Sciences Group Inc (SLS) estimates and forecasts

Statistics show that SELLAS Life Sciences Group Inc has outperformed its competitors in share price, compared to the industry in which it operates. SELLAS Life Sciences Group Inc (SLS) shares have gone down -10.53% during the last six months, with a year-to-date growth rate more than the industry average at 58.96% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 60.60% this quarter and then jump 56.00% in the quarter after that.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 61.44%. While earnings are projected to return 57.21% in 2024.

SLS Dividends

SELLAS Life Sciences Group Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

SELLAS Life Sciences Group Inc (NASDAQ:SLS)’s Major holders

SELLAS Life Sciences Group Inc insiders own 0.24% of total outstanding shares while institutional holders control 9.57%, with the float percentage being 9.59%. VANGUARD GROUP INC is the largest shareholder of the company, while 35.0 institutions own stock in it. As of 2024-06-30, the company held over 1.79 million shares (or 3.9862% of all shares), a total value of $2.13 million in shares.

The next largest institutional holding, with 1.64 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 3.6594% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.95 million.