At the time of writing, Solaris Resources Inc [SLSR] stock is trading at $7.71, up 5.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The SLSR shares have gain 9.52% over the last week, with a monthly amount glided 20.09%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Solaris Resources Inc [AMEX: SLSR] stock has seen the most recent analyst activity on August 12, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $10. Previously, Maxim Group started tracking the stock with Buy rating on July 03, 2024, and set its price target to $5.
For the past year, the stock price of Solaris Resources Inc fluctuated between $2.50 and $7.69. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Solaris Resources Inc [AMEX: SLSR] shares were valued at $7.71 at the most recent close of the market. An investor can expect a potential return of 68.61% based on the average SLSR price forecast.
Analyzing the SLSR fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.91, Equity is 3.38 and Total Capital is -0.96. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.53 points at the first support level, and at 7.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.89, and for the 2nd resistance point, it is at 8.08.
Ratios To Look Out For
It is important to note that Solaris Resources Inc [AMEX:SLSR] has a current ratio of 6.06. On the other hand, the Quick Ratio is 6.04, and the Cash Ratio is 6.78.
