Sol-Gel Technologies Ltd. (NASDAQ:SLGL) could be among the worst stocks to invest in right now as the company shares are trading 4.75% or 0.7 points down from last closing price of $14.73, reaching $14.03 at last check. Any clue why there is so much of action in the SLGL stock? The share price has dropped in 4 of the last 5 days and is up 87.66% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -60,101 shares, and in total 57499 shares valued at $806711 were seen changing hands compared with 117600 shares valued at $1.732 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the SLGL stock is near its bottom.
Sol-Gel Technologies Ltd. (SLGL) shares have notched a 3-month gain of about 87.66%, but has still tumbled -14.11% year to date. By comparison, the stock added 145.5% over the past 12 months, while it jumped 68.54% over the 1 month. The company’s market cap is around $300.49M, with its short interest ratio standing at 0.56%.
In the current trading session for SLGL, the stock witnessed two major price actions, it rose to a high of $14.79 and was down as much as $13.86 at one point. The high recorded is very low when compared to their 52-week high which is $5.71. The 52-week high is now at -32.97 distance from current price. Their recent low of $21 represents a 146.53% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SLGL is $24.8, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Sol-Gel Technologies Ltd. earned $-1.66 per share in the trailing 12 months and has a P/E ratio of -8.45. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 25.19 and lower compared to the sector’s average of 34.34. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SLGL also has P/S multiple of 15.14. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 2.83x.
SLGL‘s last price was up 59.6% as compared to the average trading price of 50 days recorded at $8.79 while enlarging the period to 200 trading days, the average closing price was $10. At present, there are 20.4 million in the total number of common shares owned by the public and among those 6.09 million shares have been available to trade. The percentage of shares being held by the company management was 77.19% while institutions stake was 15.3%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the SLGL stock, there is another set of technicals that should be looked into and considered. Its 11.72% gain from moving average of $12.56 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Sol-Gel Technologies Ltd. — 3 analysts rate the stock as a buy with another 1 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $26.5 on shares of Sol-Gel Technologies Ltd. (NASDAQ:SLGL), which corresponds to 87.28% upside potential than its current market price of $14.03 and implies potential despite the recent drop in the price. However, their current target price has climbed from $23 a month ago and is up handily from the consensus target of $23 a quarter ago.
Let’s briefly check the hedge fund interest towards SLGL stock. Phoenix Holdings Ltd. changed position in the company and now owns 2,037,097 shares worth $28,580,471, SEC documents show. Harel Insurance Investments & Financial Services Ltd. cut assets in the stock as 937330.3 shares have been sold, reducing its stake by -1.6% to 922,333 shares which are currently valued at $12,940,332. In addition, Invesco Ltd. recently reported that it now owns 13,052 shares making a total of $183,120 based on the recent price. This refelects a change of 12.8% in their ownership.