Does Xilio Therapeutics Inc (NASDAQ:XLO) have deteriorating prospects?

Xilio Therapeutics Inc (NASDAQ:XLO) shares traded 2.94% higher at $1.05 on Wall Street last session.

XLO stock price is now -8.57% away from the 50-day moving average and -18.71% away from the 200-day moving average. The market capitalization of the company currently stands at $38.76M.

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With the price target of $7, Chardan Capital Markets recently initiated with Buy rating for Xilio Therapeutics Inc (NASDAQ: XLO). On January 10, 2022, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $36, while ‘Raymond James’ rates the stock as ‘Outperform’

In other news, GILEAD SCIENCES, INC., 10% Owner bought 485,250 shares of the company’s stock on Apr 02 ’24. The stock was bought for $368,790 at an average price of $0.76. Upon completion of the transaction, the 10% Owner now directly owns 7,345,473 shares in the company, valued at $7.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 08 ’24, 10% Owner Atlas Venture Fund XI, L.P. sold 733 shares of the business’s stock. A total of $469 was realized by selling the stock at an average price of $0.64. This leaves the insider owning 2,019,563 shares of the company worth $2.12 million. A total of 43.84% of the company’s stock is owned by insiders.

During the past 12 months, Xilio Therapeutics Inc has had a low of $0.49 and a high of $3.25. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 2.19, and a quick ratio of 2.19. The fifty day moving average price for XLO is $1.15666 and a two-hundred day moving average price translates $1.28299 for the stock.

The latest earnings results from Xilio Therapeutics Inc (NASDAQ: XLO) was released for 2024-03-31.

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