SELLAS Life Sciences Group Inc (NASDAQ: SLS): Slumped -9.97% In 2024, Outlook Stable

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The trading price of SELLAS Life Sciences Group Inc (NASDAQ:SLS) floating lower at last check on Tuesday, May 14, closing at $1.37, -0.12% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $1.91 and a 52-week low of $0.50. Over the past month, the stock has gained 2.89% in value.

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SELLAS Life Sciences Group Inc, whose market valuation is $79.03 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.16 per share this quarter, however they have predicted annual earnings per share of -0.6 for current year and -0.5 for next year.

On the technical side, indicators suggest SLS has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that SLS’s price is currently -1.68% off the SMA20 and 6.22% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.00, and weekly volatility stands at 6.28%. When measured over the past 30 days, the indicator reaches 9.79%. SELLAS Life Sciences Group Inc (NASDAQ:SLS)’s beta value is currently sitting at 2.11, while the Average True Range indicator is currently displaying 0.12.

To see how SELLAS Life Sciences Group Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: SLS stock’s performance was -0.12% at last check in today’s session, and -9.97% in the past year.

An evaluation of the daily trading volume of SELLAS Life Sciences Group Inc (NASDAQ:SLS) indicates that the 3-month average is 1.54 million.

Currently, records show that 57.75 million of the company’s shares remain outstanding. The insiders hold 0.69% of outstanding shares, whereas institutions hold 9.91%. However, since the stock’s price has seen 29.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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