
Solid Biosciences Inc. (NASDAQ:SLDB – Free Report) – Stock analysts at HC Wainwright raised their FY2030 earnings estimates for Solid Biosciences in a report released on Wednesday, June 3rd. HC Wainwright analyst A. He now forecasts that the company will earn $1.88 per share for the year, up from their prior estimate of $1.81. HC Wainwright has a “Buy” rating and a $25.00 price objective on the stock. The consensus estimate for Solid Biosciences’ current full-year earnings is ($1.81) per share.
Solid Biosciences (NASDAQ:SLDB – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12).
View Our Latest Analysis on Solid Biosciences
Solid Biosciences Trading Up 4.1%
Solid Biosciences stock opened at $6.85 on Thursday. Solid Biosciences has a 12-month low of $3.41 and a 12-month high of $8.87. The stock has a market cap of $674.38 million, a P/E ratio of -3.51 and a beta of 2.43. The company has a 50-day moving average price of $7.41 and a 200 day moving average price of $6.49.
Institutional Investors Weigh In On Solid Biosciences
Several hedge funds have recently modified their holdings of SLDB. Perceptive Advisors LLC lifted its holdings in shares of Solid Biosciences by 0.6% during the 1st quarter. Perceptive Advisors LLC now owns 11,906,646 shares of the company’s stock worth $85,728,000 after acquiring an additional 73,107 shares during the period. Bank of America Corp DE lifted its holdings in shares of Solid Biosciences by 12.3% during the 1st quarter. Bank of America Corp DE now owns 386,793 shares of the company’s stock worth $2,785,000 after acquiring an additional 42,499 shares during the period. Stempoint Capital LP purchased a new position in shares of Solid Biosciences during the 1st quarter worth about $1,407,000. Janus Henderson Group PLC purchased a new position in shares of Solid Biosciences during the 1st quarter worth about $28,877,000. Finally, Ally Bridge Group NY LLC lifted its holdings in shares of Solid Biosciences by 85.4% during the 1st quarter. Ally Bridge Group NY LLC now owns 766,974 shares of the company’s stock worth $5,522,000 after acquiring an additional 353,349 shares during the period. 81.46% of the stock is owned by institutional investors and hedge funds.
About Solid Biosciences
Solid Biosciences Inc is a clinical‐stage biotechnology company focused on the development of therapies for Duchenne muscular dystrophy (DMD), a rare genetic disorder characterized by progressive muscle degeneration. The company’s primary approach centers on gene replacement and gene editing technologies designed to restore functional dystrophin protein in patients lacking this critical muscle‐stabilizing protein.
Solid’s lead investigational therapy, SGT‐001, is a micro‐dystrophin gene therapy candidate engineered to deliver a shortened but functional form of the dystrophin gene using an adeno‐associated virus (AAV) vector.
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