Soleno Therapeutics (SLNO) Trading 9.4% Higher

Soleno Therapeutics Inc (NASDAQ:SLNO)’s share price traded up 9.4% on Thursday . The stock traded as high as $2.26 and last traded at $1.87. 730,000 shares changed hands during mid-day trading, an increase of 1,303% from the average session volume of 52,022 shares. The stock had previously closed at $1.71.

Several equities analysts recently weighed in on the company. Maxim Group restated a “buy” rating and issued a $25.00 price target on shares of Soleno Therapeutics in a research note on Wednesday, September 13th. ValuEngine upgraded Soleno Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, October 6th. Finally, lowered their price objective on Soleno Therapeutics from $25.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th.

The firm has a market cap of $16.70, a price-to-earnings ratio of -1.17 and a beta of 5.99.

In other news, Director Edgar Engleman acquired 1,085,480 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of $1.84 per share, for a total transaction of $1,997,283.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 69.75% of the company’s stock.

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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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