Is SILO Pharma Inc [SILO] a good investment? Don’t be fooled by its recent momentum

The price of SILO Pharma Inc (NASDAQ:SILO) shares last traded on Wall Street fell -5.86% to $2.25.

SILO stock price is now 54.35% away from the 50-day moving average and 43.02% away from the 200-day moving average. The market capitalization of the company currently stands at $8.30M.

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In other news, Weisblum Eric, CEO and President bought 4,438 shares of the company’s stock on Jun 12 ’24. The stock was bought for $4,926 at an average price of $1.11. Upon completion of the transaction, the CEO and President now directly owns 180,432 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, CEO and President Weisblum Eric bought 562 shares of the business’s stock. A total of $607 was incurred on buying the stock at an average price of $1.08. This leaves the insider owning 175,994 shares of the company worth $0.4 million. A total of 6.10% of the company’s stock is owned by insiders.

During the past 12 months, SILO Pharma Inc has had a low of $0.84 and a high of $3.05. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.87, and a quick ratio of 7.87. The fifty day moving average price for SILO is $1.438265 and a two-hundred day moving average price translates $1.5706778 for the stock.

The latest earnings results from SILO Pharma Inc (NASDAQ: SILO) was released for 2024-03-31. The net profit margin was -4987.32% and return on equity was -47.86% for SILO. The company reported revenue of $18000.0 for the quarter, compared to $18000.0 a year earlier.

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