Soligenix Inc [NASDAQ: SNGX] traded at a low on Tuesday, posting a -15.97 loss after which it closed the day’ session at $2.63.
The results of the trading session contributed to over 10751017 shares changing hands. Over the past one week, the price volatility of Soligenix Inc stands at 17.08% while the volatility over the past one month is 9.93%.
The market cap for SNGX stock reached $6.60 million, with 2.51 million shares outstanding and 2.51 million shares in the current float. Compared to the average trading volume of 50.74K shares, SNGX reached a trading volume of 10751017 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Soligenix Inc [SNGX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNGX shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNGX stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Dawson James have made an estimate for Soligenix Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 28, 2020. While these analysts kept the previous recommendation, H.C. Wainwright dropped their target price from $5.50 to $2.70. The new note on the price target was released on January 31, 2018, representing the official price target for Soligenix Inc stock. Previously, the target price had yet another raise from $4 to $5, while Maxim Group kept a Buy rating on SNGX stock.
The Average True Range (ATR) for Soligenix Inc is set at 0.31 The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 3.92.
How has SNGX stock performed recently?
Soligenix Inc [SNGX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.82. With this latest performance, SNGX shares dropped by -24.10% in over the last four-week period, additionally sinking by -61.66% over the last 6 months – not to mention a drop of -81.03% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNGX stock in for the last two-week period is set at 37.20, with the RSI for the last a single of trading hit 34.10, and the three-weeks RSI is set at 39.07 for Soligenix Inc [SNGX]. The present Moving Average for the last 50 days of trading for this stock 3.29, while it was recorded at 3.16 for the last single week of trading, and 4.46 for the last 200 days.
Soligenix Inc [SNGX]: Deeper insight into the fundamentals
Soligenix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.25 and a Current Ratio set at 2.25.
Insider trade positions for Soligenix Inc [SNGX]
There are presently around $2.63%, or 2.63%% of SNGX stock, in the hands of institutional investors.
