Home Analyst Ratings Credit Suisse lifts Solid Biosciences rating to Neutral and price target...

Credit Suisse lifts Solid Biosciences [SLDB] rating to Neutral and price target to $7

Credit Suisse took its Solid Biosciences [SLDB] rating to the equivalent of Neutral from Underperform, and the price target to $7.0, in a research note dated 2021-01-08. That figure represents around a -17.45% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with SVB Leerink’s analysts downgrading the shares from “an Outperform” rating to “a Mkt perform” rating in a research note to investors issued in late July. Meanwhile, Evercore ISI had lowered its rating on SLDB to “an In-line” from the earlier “an Outperform”, in a research note produced for clients May 07, 2020. In addition, Evercore ISI launched coverage on October 11, 2019. The research firm rated SLDB “an Outperform”.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is Solid Biosciences Inc. [NASDAQ:SLDB] a Good Buy Right Now?

It should be noted that SLDB technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 88% Buy in the past month. Data from Solid Biosciences Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 4.4 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 2.0 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 3.53 million shares.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

SLDB Price Performance

On Wall Street, Solid Biosciences Inc. [NASDAQ:SLDB] finished Thursday’s session up 19.77% at $8.48. The stock went up to $8.555 at the same session while its lowest single day price was $7.099. In the last five days, it saw a rise of about 8.86%, Solid Biosciences Inc. shares gained by almost 11.87% since the beginning of the year. However, the share price has dropped to as low as 2.91% below its one year high. On 01/07/21, the company shares recorded $8.56, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $6.95. The company’s shares have inclined by 91.42% in the past year. The 50-day SMA achieved is $4.62 while the 200-day SMA is $3.25. Volume gained to 1.87 million from 0.85 million in the previous session.

SLDB Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 7.53 level, and in case of violation of this particular level, it will cause more drop to 6.59 level. On the upper level, 9.50 is still the key resistance. The stock may increase to the subsequent resistance at 8.99. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.09, implying a overbought technical stance while the MACD stands at 0.35, meaning price will decrease in the next trading period. Percent R indicator moved to 2.78%, implying bullish price movement. Stochastic %K at 76.60% suggest selling the stock.

What is the short interest in Solid Biosciences Inc.?

Short interest in the Solid Biosciences Inc. stock has surged, increasing by 0.76 million shares to total 2.45 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.21 million, data from Yahoo Finance shows. The decrease of -31.02% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 3.87% of the overall float for the stock.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Solid Biosciences Inc.’s Biggest Shareholders: Who Owns Solid Biosciences Inc. [SLDB]?

Filings by Perceptive Advisors LLC showed that the firm now holds a total of 10,803,857 shares or roughly 17.87% of the outstanding SLDB shares. This means their shares have increased by 4,054,054 from the 10,803,857 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, RA Capital Management LP updated stake is worth $33,022,112. Details in the latest 13F filings reveal that Ecor1 Capital LLC acquired their 70.04% stake valued at $17,460,250 while BlackRock Fund Advisors cut theirs at $6,631,701. During the last quarter, Ecor1 Capital LLC raised 2,172,762 of its shares in Solid Biosciences Inc. while BlackRock Fund Advisors sold -78,206 shares. The Invus Public Equities Advisors LL’s holdings currently number 1,710,000 shares at $14500800.0. According to the firm’s last 13F report, Tavistock Life Sciences Co. shares in the company at filing stood at 1,531,872 shares, roughly $5,070,496.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam