Sol-Gel Technologies Ltd (NASDAQ: SLGL)’s stock price has dropped by -11.58 in relation to previous closing price of 0.62. Nevertheless, the company has seen a loss of -18.84% in its stock price over the last five trading days. zacks.com reported 2024-09-17 that After losing some value lately, a hammer chart pattern has been formed for SolGel Technologies (SLGL), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Is It Worth Investing in Sol-Gel Technologies Ltd (NASDAQ: SLGL) Right Now?
The 36-month beta value for SLGL is also noteworthy at 1.57. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SLGL is 9.42M, and at present, short sellers hold a 2.31% of that float. The average trading volume of SLGL on October 31, 2024 was 130.92K shares.
SLGL’s Market Performance
The stock of Sol-Gel Technologies Ltd (SLGL) has seen a -18.84% decrease in the past week, with a -12.29% drop in the past month, and a 30.35% gain in the past quarter. The volatility ratio for the week is 9.11%, and the volatility levels for the past 30 days are at 6.94% for SLGL. The simple moving average for the past 20 days is -17.23% for SLGL’s stock, with a -34.35% simple moving average for the past 200 days.
Analysts’ Opinion of SLGL
Many brokerage firms have already submitted their reports for SLGL stocks, with Raymond James repeating the rating for SLGL by listing it as a “Outperform.” The predicted price for SLGL in the upcoming period, according to Raymond James is $4 based on the research report published on August 19, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see SLGL reach a price target of $5.50. The rating they have provided for SLGL stocks is “Hold” according to the report published on October 21st, 2022.
JMP Securities gave a rating of “Mkt Outperform” to SLGL, setting the target price at $33 in the report published on December 31st of the previous year.
SLGL Trading at -17.84% from the 50-Day Moving Average
After a stumble in the market that brought SLGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.80% of loss for the given period.
Volatility was left at 6.94%, however, over the last 30 days, the volatility rate increased by 9.11%, as shares sank -16.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.11% upper at present.
During the last 5 trading sessions, SLGL fell by -18.84%, which changed the moving average for the period of 200-days by -53.52% in comparison to the 20-day moving average, which settled at $0.6570. In addition, Sol-Gel Technologies Ltd saw -50.79% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SLGL
Current profitability levels for the company are sitting at:
- -2.57 for the present operating margin
- -1.53 for the gross margin
The net margin for Sol-Gel Technologies Ltd stands at -2.27. The total capital return value is set at -0.46. Equity return is now at value -35.85, with -30.72 for asset returns.
Currently, EBITDA for the company is -29.02 million with net debt to EBITDA at 0.6. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 1.08for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.36.
Conclusion
In summary, Sol-Gel Technologies Ltd (SLGL) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
