Is Silence Therapeutics Plc ADR (NASDAQ: SLN) Still A Buy After A -54.53% Weekly Drop?

During the last session, Silence Therapeutics Plc ADR (NASDAQ:SLN)’s traded shares were 2.33 million, with the beta value of the company hitting 1.14. At the end of the trading day, the stock’s price was $6.93, reflecting an intraday loss of -0.57% or -$0.04. The 52-week high for the SLN share is $27.72, that puts it down -300.0 from that peak though still a striking 8.95% gain since the share price plummeted to a 52-week low of $6.31. The company’s market capitalization is $327.17M, and the average intraday trading volume over the past 10 days was 0.75 million shares, and the average trade volume was 251.53K shares over the past three months.

Silence Therapeutics Plc ADR (SLN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SLN has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 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 -0.34.

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Silence Therapeutics Plc ADR (NASDAQ:SLN) trade information

Silence Therapeutics Plc ADR (SLN) registered a -0.57% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.57% in intraday trading to $6.93, hitting a weekly high. The stock’s 5-day price performance is -54.53%, and it has moved by -61.50% in 30 days. Based on these gigs, the overall price performance for the year is -30.07%. The short interest in Silence Therapeutics Plc ADR (NASDAQ:SLN) is 0.35 million shares and it means that shorts have 2.36 day(s) to cover.

The consensus price target of analysts on Wall Street is $55, which implies an increase of 87.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $49 and $67 respectively. As a result, SLN is trading at a discount of -866.81% off the target high and -607.07% off the low.

Silence Therapeutics Plc ADR (SLN) estimates and forecasts

Statistics show that Silence Therapeutics Plc ADR has underperformed its competitors in share price, compared to the industry in which it operates. Silence Therapeutics Plc ADR (SLN) shares have gone down -70.16% during the last six months, with a year-to-date growth rate less than the industry average at -21.38% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 28.73% this quarter and then drop -157.20% in the quarter after that. In the rating firms’ projections, revenue will decrease -17.31% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.22M as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 3.05M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.1M and 12.41M respectively. In this case, analysts expect current quarter sales to grow by 53.30% and then drop by -75.42% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -6.72%. While earnings are projected to return -8.01% in 2024.

SLN Dividends

Silence Therapeutics Plc ADR is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Silence Therapeutics Plc ADR (NASDAQ:SLN)’s Major holders

Silence Therapeutics Plc ADR insiders own 16.94% of total outstanding shares while institutional holders control 62.77%, with the float percentage being 75.57%. TCG CROSSOVER MANAGEMENT, LLC is the largest shareholder of the company, while 84.0 institutions own stock in it. As of 2024-06-30, the company held over 3.3 million shares (or 7.4962% of all shares), a total value of $62.61 million in shares.

The next largest institutional holding, with 2.78 million shares, is of ARTAL GROUP S.A.’s that is approximately 6.323% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $52.81 million.