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New Big Money Means SELLAS Life Sciences Group Inc (SLS) Investors Could Reap Benefit

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SELLAS Life Sciences Group Inc (NASDAQ: SLS) is 23.58% higher on its value in year-to-date trading and has touched a low of $0.50 and a high of $1.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLS stock was last observed hovering at around $1.18 in the last trading session, with the day’s gains setting it 0.13%.

Currently trading at $1.31, the stock is 12.42% and 43.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.65 million and changing 11.02% at the moment leaves the stock 9.68% off its SMA200. SLS registered -8.39% loss for a year compared to 6-month loss of -16.56%. The firm has a 50-day simple moving average (SMA 50) of $20.84 and a 200-day simple moving average (SMA200) of -$1.70.

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The stock witnessed a 27.18% gain in the last 1 month and extending the period to 3 months gives it a 45.56%, and is 23.58% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.92% over the week and 12.19% over the month.

SELLAS Life Sciences Group Inc (SLS) has around 16 employees, a market worth around $73.71M and $0.00M in sales. Distance from 52-week low is 162.74% and -31.56% from its 52-week high.

SELLAS Life Sciences Group Inc quarterly earnings per share for the current quarter are estimated at -$0.21.The EPS is expected to grow by 14.93% this year

39 institutions hold shares in SELLAS Life Sciences Group Inc (SLS), with institutional investors hold 10.73% of the company’s shares. The shares outstanding are 56.27M, and float is at 55.75M with Short Float at 9.29%. Institutions hold 10.68% of the Float.

The top institutional shareholder in the company is Alyeska Investment Group, L.p. with over 1.25 million shares valued at $1.96 million. The investor’s holdings represent 4.41% of the SLS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 0.95 million shares valued at $1.49 million to account for 3.34% of the shares outstanding. The other top investors are Blackrock Inc. which holds 0.28 million shares representing 1.00% and valued at over $0.44 million, while Geode Capital Management, LLC holds 0.66% of the shares totaling 0.19 million with a market value of $0.3 million.

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