Acelyrin Inc. (NASDAQ:SLRN) saw an upside of 0.10% to $28.85 after adding $0.03on Wednesday. The 5-day average trading volume is 776,448 shares of the company’s common stock. It has gained $29.88 in the past week and touched a new high 3 times within the past 5 days. An average of 813,202 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 793,967.
SLRN’s 1-month performance is 19.61% or $5.62 on its low of $22.55 reached on 07/25/23. The company’s shares have touched a 52-week low of $16.60 and high of $29.19. However, the current price is down -1.17% from the 52-week high price.
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Valuation Metrics
Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 2.35.
Acelyrin Inc.’s quick ratio for the period ended June 29 was 25.30, with the current ratio over the same period at 25.30.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income grew 100.0% to -$26.04 million, while revenue of -$176.45 million was -577.61% off the previous quarter. Analysts expected SLRN to announce -$0.76 per share in earnings in its latest quarter, but it posted -$0.4, representing a 47.40% surprise. SLRN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 34.06 million, with total debt at $1.34 million. Shareholders hold equity totaling $97.24 million.
Let’s look briefly at Acelyrin Inc. (SLRN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 79.80% to suggest the stock is trending Overbought, with historical volatility in this time period at 45.07%.
The stock’s 5-day moving average is $27.63, reflecting a +6.82% or $1.84 change from its current price. SLRN is currently trading +20.14% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by +53.33%.
Stochastic %K and %D was 84.57% and 78.67% and the average true range (ATR) pointed at 1.60. The RSI (14) points at 74.33%, while the 14-day stochastic is at 83.84% with the period’s ATR at 1.57. The stock’s 9-day MACD Oscillator is pointing at 1.32 and 2.09 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Acelyrin Inc. (NASDAQ: SLRN), TD Cowen launched coverage with an Outperform rating. Analysts offering their rating for SLRN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SLRN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is SLRN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $29.00 and a high of $68.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for Acelyrin Inc. (SLRN) stock is $42.67.
