In the last trading session, 0.17 million shares of the Sol-Gel Technologies Ltd (NASDAQ:SLGL) were traded, and its beta was 1.33. Most recently the company’s share price was $1.05, and it changed around -$0.16 or -13.47% from the last close, which brings the market valuation of the company to $29.25M. SLGL currently trades at a discount to its 52-week high of $1.65, offering almost -57.14% off that amount. The share price’s 52-week low was $0.33, which indicates that the current value has risen by an impressive 68.57% since then. We note from Sol-Gel Technologies Ltd’s average daily trading volume that its 10-day average is 0.55 million shares, with the 3-month average coming to 513.52K.
Sol-Gel Technologies Ltd stock received a consensus recommendation rating of Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended SLGL as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Sol-Gel Technologies Ltd is expected to report earnings per share of -0.11 for the current quarter.
Sol-Gel Technologies Ltd (NASDAQ:SLGL) trade information
Instantly SLGL has showed a red trend with a performance of -13.47% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.3999 on recent trading dayincreased the stock’s daily price by 24.99%. The company’s shares are currently up 12.89% year-to-date, but still up 0.48% over the last five days. On the other hand, Sol-Gel Technologies Ltd (NASDAQ:SLGL) is 125.37% up in the 30-day period. We can see from the shorts that 37162.0 shares have been sold at a short interest cover period of 0.59 day(s).
The consensus price target as assigned by Wall Street analysts is $21, which translates to bulls needing to increase their stock price by 95.0% from its current value. Analyst projections state that SLGL is forecast to be at a low of $21 and a high of $21.
Sol-Gel Technologies Ltd (SLGL) estimates and forecasts
Sol-Gel Technologies Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 21.55 percent over the past six months and at a 72.28% annual growth rate that is well above the industry average of 26.70%. The year-over-year growth rate is expected to be 755.86%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 2M in revenue for the current quarter. 1 analysts expect Sol-Gel Technologies Ltd to make 1.2M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 447k and 466k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 347.43%. Forecasts for the next quarter put sales growth at 157.51%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.01%.
SLGL Dividends
Sol-Gel Technologies Ltd’s next quarterly earnings report is expected to be released in February.
ARMISTICE CAPITAL, LLC, with 7.2942% or 2.03 million shares worth $1.81 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
The former held 13.41 shares worth $14076.0, making up 0.05% of all outstanding shares.
