Silexion Therapeutics Corp (NASDAQ: SLXN) – Time For Strategy Change?

Silexion Therapeutics Corp (NASDAQ:SLXN) currently has a daily average trading volume of 2.69M but it saw 2151803 shares traded in last market. With a market cap of 2.10M USD, the company’s current market price of $0.54 came falling about -2.55 while comparing to the previous closing price of $0.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.56 and as low as $0.50. In the recent trading on the day, stock has struck highest price mark of $0.503 while lowest mark touched by it was $0.5761.

Taking a look at 20-day trading activity of Silexion Therapeutics Corp (SLXN) gives us an average price of $0.8307, while its current price level is -96.00% below from 52-week high level whereas it is 8.16% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.44% during that period while stretching the period over a month that decreases to 19.59%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 21.25 which implies that the stock is in oversold territory.

Over the week, SLXN’s stock price is moving -19.02% down while it is -50.73% when we observe its performance for the past one month. Year-to-date it is -95.00% down and over the past year, the stock is showing a downside performance of -94.49%.

Currently, Silexion Therapeutics Corp’s total number of outstanding shares is 3.87M. Company’s return on investment (ROI) stands at -20.64% and return on equity (ROE) at -3.78%. Stock’s beta reads -0.21. Stock has a price to book (P/B) ratio of 0.83. Its return on asset (ROA) is -3.13% on average.