Solid Biosciences Inc (NASDAQ:SLDB) shares traded 22.08% higher at $6.47 on Wall Street last session.
SLDB stock price is now 65.97% away from the 50-day moving average and -1.40% away from the 200-day moving average. The market capitalization of the company currently stands at $258.51M.
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With the price target of $16, Truist recently initiated with Buy rating for Solid Biosciences Inc (NASDAQ: SLDB). On December 13, 2024, Wedbush recently initiated its ‘Outperform’ rating on the stock quoting a target price of $16, while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’
In other news, Adage Capital Management, L.P., 10% Owner bought 252,545 shares of the company’s stock on Feb 18 ’25. The stock was bought for $1,909,240 at an average price of $7.56. Upon completion of the transaction, the 10% Owner now directly owns 4,248,084 shares in the company, valued at $27.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’25, Chief Regulatory Officer Hanrahan Jessie sold 3,079 shares of the business’s stock. A total of $12,193 was realized by selling the stock at an average price of $3.96. This leaves the insider owning 19,281 shares of the company worth $0.12 million. A total of 20.56% of the company’s stock is owned by insiders.
During the past 12 months, Solid Biosciences Inc has had a low of $2.88 and a high of $15.05. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 7.85, and a quick ratio of 7.85.
The company reported revenue of $35.18 million for the quarter, compared to $23.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.21 percent.
