Soleno Therapeutics (NASDAQ:SLNO) has been assigned a $4.00 target price by investment analysts at Maxim Group in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price target would indicate a potential upside of 143.90% from the stock’s current price.
Other research analysts have also issued reports about the stock. ValuEngine raised shares of Soleno Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. decreased their price target on shares of Soleno Therapeutics from $25.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th.
Soleno Therapeutics (NASDAQ SLNO) traded down $0.04 during mid-day trading on Tuesday, hitting $1.64. 47,900 shares of the stock traded hands, compared to its average volume of 99,045. Soleno Therapeutics has a twelve month low of $1.32 and a twelve month high of $4.20. The stock has a market cap of $17.80, a price-to-earnings ratio of -1.03 and a beta of 5.52.
In related news, Director Edgar Engleman purchased 1,085,480 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $1.84 per share, with a total value of $1,997,283.20. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 69.75% of the company’s stock.
An institutional investor recently bought a new position in Soleno Therapeutics stock. Birchview Capital LP purchased a new stake in Soleno Therapeutics Inc (NASDAQ:SLNO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 678,428 shares of the company’s stock, valued at approximately $1,032,000. Soleno Therapeutics makes up approximately 0.6% of Birchview Capital LP’s holdings, making the stock its 14th biggest holding. Birchview Capital LP owned approximately 6.78% of Soleno Therapeutics at the end of the most recent reporting period.
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Soleno Therapeutics Company Profile
Soleno Therapeutics, Inc, formerly Capnia, Inc, is a healthcare company that develops and commercializes neonatology devices and diagnostics. The Company also has a therapeutics platform based on its proprietary technology for precision metering of gas flow. The Company offers products, such as CoSense end-tidal carbon monoxide (ETCO) Monitor, NeoPIP Infant Resuscitator and Accessories, and Serenz Nasal Relief.
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