SLDB Stock Summary and Trading Ideas (Solid Biosciences | NASDAQ:SLDB)

Solid Biosciences Inc is a life science company. It is engaged in the manufacturing of specialty and generic drugs. The company is involved in curing Duchenne muscular dystrophy (DMD), a genetic muscle-wasting disease predominantly affecting boys, with symptoms that usually manifest between three and five years of age. The company's pipeline products are the SB-001 and solid suit. The Company's singular focus is on developing treatments through gene therapy and other means for patients with neuromuscular and cardiac diseases. The company has categorized its programs into corrective therapies, disease-modifying therapies, and assistive devices.

Solid Biosciences trades on the NASDAQ stock market under the symbol SLDB.

As of April 18, 2024, SLDB stock price declined to $9.07 with 85,614 million shares trading.

SLDB has a beta of 3.56, meaning it tends to be more sensitive to market movements. SLDB has a correlation of 0.16 to the broad based SPY ETF.

SLDB has a market cap of $342.45 million. This is considered a Small Cap stock.

Last quarter Solid Biosciences reported $0 in Revenue and -$1.00 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.01.

In the last 3 years, SLDB stock traded as high as $81.90 and as low as $1.81.

The top ETF exchange traded funds that SLDB belongs to (by Net Assets): VTI, DWAS, VXF, AVSC, DFAS.

SLDB has outperformed the market in the last year with a return of +80.0%, while the SPY ETF gained +22.4%. In the last 3 month period, SLDB beat the market returning +12.5%, while SPY returned +6.1%. However, in the most recent 2 weeks SLDB has underperformed the stock market by returning -27.6%, while SPY returned -3.8%.

SLDB support price is $9.42 and resistance is $10.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLDB stock will trade within this expected range on the day.