Sol-Gel Technologies (SLGL) to Release Earnings on Wednesday

Sol-Gel Technologies (NASDAQ:SLGL) is anticipated to post its results before the market opens on Wednesday, March 11th. Analysts expect Sol-Gel Technologies to post earnings of $0.39 per share and revenue of $6.50 million for the quarter.

Sol-Gel Technologies Stock Performance

Shares of NASDAQ SLGL opened at $97.97 on Wednesday. The firm has a fifty day moving average of $64.71 and a 200 day moving average of $44.55. The firm has a market cap of $273.34 million, a PE ratio of -30.05 and a beta of 1.30. Sol-Gel Technologies has a one year low of $4.02 and a one year high of $97.97.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SLGL shares. HC Wainwright reiterated a “buy” rating and issued a $110.00 target price (up from $50.00) on shares of Sol-Gel Technologies in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sol-Gel Technologies in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sol-Gel Technologies has an average rating of “Hold” and an average target price of $110.00.

Insider Buying and Selling

In other Sol-Gel Technologies news, major shareholder Opaleye Management Inc. bought 1,151 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were acquired at an average cost of $55.98 per share, with a total value of $64,432.98. Following the purchase, the insider directly owned 449,844 shares of the company’s stock, valued at $25,182,267.12. This trade represents a 0.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 75,368 shares of company stock valued at $3,206,907. 66.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sol-Gel Technologies

A hedge fund recently raised its stake in Sol-Gel Technologies stock. Opaleye Management Inc. increased its stake in shares of Sol-Gel Technologies Ltd. (NASDAQ:SLGL) by 121.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 453,739 shares of the company’s stock after buying an additional 248,904 shares during the quarter. Sol-Gel Technologies comprises 2.5% of Opaleye Management Inc.’s holdings, making the stock its 9th largest position. Opaleye Management Inc. owned 16.29% of Sol-Gel Technologies worth $19,121,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 26.18% of the company’s stock.

Sol-Gel Technologies Company Profile

Sol-Gel Technologies, Inc (NASDAQ: SLGL) is a U.S.-based advanced materials company specializing in the development and commercialization of nanostructured materials using proprietary sol-gel processes. Leveraging expertise in materials chemistry and thin-film deposition, the company focuses on the production of metal oxide powders, sols, coatings and functional inks designed to enhance performance in a variety of industrial and commercial applications.

The company’s product portfolio includes corrosion- and abrasion-resistant coatings, dielectric and conductive films, catalyst supports and specialty fillers.