Should You Invest in Silexion Therapeutics Corp (SLXN) Now?

The 36-month beta value for SLXN is at -0.22.

The public float for SLXN is 1.66M, and currently, shorts hold a 9.87% of that float. The average trading volume for SLXN on October 22, 2024 was 2.40M shares.

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SLXN) stock’s latest price update

Silexion Therapeutics Corp (NASDAQ: SLXN) has seen a decline in its stock price by -8.97 in relation to its previous close of 0.37. However, the company has experienced a 13.33% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-01 that GRAND CAYMAN, Cayman Island–(BUSINESS WIRE)—- $SLXN #BioTech–Silexion Therapeutics Corp. (NASDAQ: SLXN) (“Silexion” or the “Company”), a clinical-stage biotech developing RNA interference (RNAi) therapies for KRAS-driven cancers, today announced new preclinical findings for SIL-204, its second-generation siRNA candidate, following the optimization of its extended-release formulation. These latest findings demonstrate that the latest SIL-204-microparticle formulation can inhibit the growth and induce necrosis.

SLXN’s Market Performance

Silexion Therapeutics Corp (SLXN) has experienced a 13.33% rise in stock performance for the past week, with a -61.39% drop in the past month, and a -97.17% drop in the past quarter. The volatility ratio for the week is 15.06%, and the volatility levels for the past 30 days are at 17.96% for SLXN. The simple moving average for the past 20 days is -23.69% for SLXN’s stock, with a -96.06% simple moving average for the past 200 days.

SLXN Trading at -80.08% from the 50-Day Moving Average

After a stumble in the market that brought SLXN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.52% of loss for the given period.

Volatility was left at 17.96%, however, over the last 30 days, the volatility rate increased by 15.06%, as shares sank -56.39% for the moving average over the last 20 days.

During the last 5 trading sessions, SLXN rose by +13.33%, in comparison to the 20-day moving average, which settled at $0.4402. In addition, Silexion Therapeutics Corp saw -96.90% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for SLXN

Equity return is now at value -3.78, with -3.13 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.

Conclusion

In conclusion, Silexion Therapeutics Corp (SLXN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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