Seelos Therapeutics Inc (NASDAQ: SEEL) Share Price Fall Recently, Although Trouble Is Still On The Horizon

Seelos Therapeutics Inc (NASDAQ:SEEL) traded at $0.29 at last check on current trade day and made a downward move of -3.04% on its previous day’s price.

Looking at the stock we see that its previous close was $0.30 and the beta (5Y monthly) reads 1.859 with the day’s price range being $0.2709 – $0.3099. The company has a trailing 12-month PE ratio of 0.03. In terms of its 52-week price range, SEEL has a high of $53.04 and a low of $0.18. The company’s stock has lost about -5.75% over that past 30 days.

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Seelos Therapeutics Inc has a market cap of $2.02 million and is expected to release its quarterly earnings report on 2024-Mar-06.

On the other hand, looking at the outlook for the SEEL stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Seelos Therapeutics Inc (SEEL) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 25.72% off its SMA20 and -8.49% from its 50-day simple moving average. The RSI (14) is pointing at 54.25 while the volatility over the past week is 29.45% and jumps to 17.62% over the past one month. The beta value is 1.86, while the average true range (ATR) is currently pointing at 0.06.

Coming back to Seelos Therapeutics Inc (NASDAQ:SEEL), we note that the average 3-month trading volume was 7.28 million, while that of the preceding 10-day period stands at 34.11 million. Current shares outstanding are 6.98 million.

The insiders hold 1.43% of the company’s shares while institutions hold 3.06%. The data shows that short shares as of 2024-08-30, stood at 0.41 million at a short ratio of 0.1. This represents a 584.00 short interest in shares outstanding on 2024-08-30. Shares short rose in August from the previous month at 0.15 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -97.39% down in year-to-date price movement.

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