Solid Biosciences Inc [NASDAQ: SLDB] traded at a high on Thursday, posting a 10.68 gain after which it closed the day’ session at $4.25.
The results of the trading session contributed to over 2792860 shares changing hands. Over the past one week, the price volatility of Solid Biosciences Inc stands at 5.45% while the volatility over the past one month is 5.86%.
The market cap for SLDB stock reached $329.44 million, with 77.49 million shares outstanding and 56.60 million shares in the current float. Compared to the average trading volume of 1.49M shares, SLDB reached a trading volume of 2792860 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Solid Biosciences Inc [SLDB]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLDB shares is $16.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLDB stock is a recommendation set at 1.08. 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.
Truist have made an estimate for Solid Biosciences Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 08, 2025. While these analysts kept the previous recommendation, Wedbush raised their target price to Outperform. The new note on the price target was released on December 13, 2024, representing the official price target for Solid Biosciences Inc stock. Previously, the target price had yet another raise to $15, while JMP Securities analysts kept a Mkt Outperform rating on SLDB stock. On July 15, 2024, analysts increased their price target for SLDB shares from 10 to 15.
The Average True Range (ATR) for Solid Biosciences Inc is set at 0.37 The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 3.96.
How has SLDB stock performed recently?
Solid Biosciences Inc [SLDB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.79. With this latest performance, SLDB shares gained by 26.11% in over the last four-week period, additionally sinking by -26.60% over the last 6 months – not to mention a drop of -48.48% 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 SLDB stock in for the last two-week period is set at 67.19, with the RSI for the last a single of trading hit 76.61, and the three-weeks RSI is set at 60.99 for Solid Biosciences Inc [SLDB]. The present Moving Average for the last 50 days of trading for this stock 3.21, while it was recorded at 3.67 for the last single week of trading, and 5.00 for the last 200 days.
Solid Biosciences Inc [SLDB]: Deeper insight into the fundamentals
Solid Biosciences Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.89 and a Current Ratio set at 10.89.
Earnings analysis for Solid Biosciences Inc [SLDB]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLDB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Solid Biosciences Inc go to 16.97%.
Insider trade positions for Solid Biosciences Inc [SLDB]
The top three institutional holders of SLDB stocks are: PERCEPTIVE ADVISORS LLC with ownership of 6.91 million shares, which is approximately 16.8725%. RA CAPITAL MANAGEMENT, L.P., holding 4.33 million shares of the stock with an approximate value of $$24.55 million in SLDB stocks shares; and RA CAPITAL MANAGEMENT, L.P., currently with $$22.88 million in SLDB stock with ownership which is approximately 9.8562%.
