Acelyrin Inc (NASDAQ: SLRN) Could Increase In Price By -190.7% Or More

Acelyrin Inc (NASDAQ:SLRN)’s traded shares stood at 1.2 million during the last session, with the company’s beta value hitting 2.05. At the close of trading, the stock’s price was $5.16, to imply a decrease of -13.71% or -$0.82 in intraday trading. The SLRN share’s 52-week high remains $9.25, putting it -79.26% down since that peak but still an impressive 34.88% since price per share fell to its 52-week low of $3.36. The company has a valuation of $515.01M, with an average of 0.4 million shares in intraday trading volume over the past 10 days and average of 847.87K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Acelyrin Inc (SLRN), translating to a mean rating of 1.86. Of 14 analyst(s) looking at the stock, 0 analyst(s) give SLRN a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.74.

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Acelyrin Inc (NASDAQ:SLRN) trade information

After registering a -13.71% downside in the last session, Acelyrin Inc (SLRN) has traded red over the past five days. The 5-day price performance for the stock is -13.28%, and -15.13% over 30 days. With these gigs, the year-to-date price performance is -30.83%. Short interest in Acelyrin Inc (NASDAQ:SLRN) saw shorts transact 4.7 million shares and set a 8.01 days time to cover.

The extremes give us $6 and $15 for target low and target high price respectively. As such, SLRN has been trading -190.7% off suggested target high and -16.28% from its likely low.

Acelyrin Inc (SLRN) estimates and forecasts

Looking at statistics comparing Acelyrin Inc share performance against respective industry, we note that the company has outperformed competitors. Acelyrin Inc (SLRN) shares are 11.45% up over the last 6 months, with its year-to-date growth rate higher than industry average at 43.28% against 16.90%. Revenue is forecast to grow 1.34% this quarter before falling -18.59% for the next one.

SLRN Dividends

Acelyrin Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Acelyrin Inc (NASDAQ:SLRN)’s Major holders

Acelyrin Inc insiders hold 8.07% of total outstanding shares, with institutional holders owning 102.94% of the shares at 111.98% float percentage. In total, 102.94% institutions holds shares in the company.