Sol-Gel Technologies (NASDAQ:SLGL – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($1.13) EPS for the quarter, topping the consensus estimate of ($2.36) by $1.23, FiscalAI reports. The business had revenue of $0.59 million during the quarter, compared to the consensus estimate of $0.07 million. Sol-Gel Technologies had a negative net margin of 5.66% and a negative return on equity of 3.17%.
Sol-Gel Technologies Stock Performance
NASDAQ:SLGL opened at $78.59 on Thursday. The firm’s fifty day moving average is $78.32 and its two-hundred day moving average is $76.51. The firm has a market cap of $220.84 million, a price-to-earnings ratio of -231.14 and a beta of 1.12. Sol-Gel Technologies has a one year low of $16.50 and a one year high of $97.97.
Insider Buying and Selling at Sol-Gel Technologies
In related news, major shareholder Opaleye Management Inc. acquired 1,400 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average price of $71.97 per share, with a total value of $100,758.00. Following the acquisition, the insider directly owned 491,712 shares in the company, valued at $35,388,512.64. This represents a 0.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders bought 2,241 shares of company stock worth $162,260. Company insiders own 66.51% of the company’s stock.
Institutional Investors Weigh In On Sol-Gel Technologies
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Weiss Ratings lowered Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Mizuho assumed coverage on Sol-Gel Technologies in a research note on Wednesday, June 24th. They set an “outperform” rating and a $285.00 price target on the stock. Wall Street Zen lowered Sol-Gel Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. HC Wainwright restated a “buy” rating and issued a $110.00 price objective on shares of Sol-Gel Technologies in a research note on Monday, July 20th. Finally, TD Cowen initiated coverage on Sol-Gel Technologies in a report on Friday, May 29th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sol-Gel Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $197.50.
View Our Latest Stock Analysis on Sol-Gel Technologies
About Sol-Gel Technologies
Sol-Gel Technologies, Inc (NASDAQ: SLGL) is a U.S.-based advanced materials company specializing in the development and commercialization of nanostructured materials using proprietary sol-gel processes. Leveraging expertise in materials chemistry and thin-film deposition, the company focuses on the production of metal oxide powders, sols, coatings and functional inks designed to enhance performance in a variety of industrial and commercial applications.
The company’s product portfolio includes corrosion- and abrasion-resistant coatings, dielectric and conductive films, catalyst supports and specialty fillers.
Featured Stories
- Five stocks we like better than Sol-Gel Technologies
- Diamondback Hits a Milestone at Just the Right Time
- Analog Devices’ AI Pivot Could Push Shares to Fresh Highs
- One Platform, Every Ailment: Hinge Health’s Gamble
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
Receive News & Ratings for Sol-Gel Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sol-Gel Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
