Market Buzz

Notable Stock to Watch: Soliton, (NASDAQ:SOLY)

Soliton, (NASDAQ:SOLY) spotted trading -56.86% off 52-week high price. On the other end, the stock has been noted 203.64% away from the low price over the last 52-weeks. The stock changed 2.54% to recent value of $12.51. The stock transacted 255104 shares during most recent day however it has an average volume of 1234.05K shares. The company has 16.53M of outstanding shares and 5.66M shares were floated in the market.  

 On Sept. 04, 2019, Soliton, (NASDAQ:SOLY) a medical device company with a novel and proprietary platform technology licensed from The University of Texas on behalf of the MD Anderson Cancer Center (MD Anderson), released that the Company has received approval for the trial protocol from the independent Institutional Review Board (IRB) for its upcoming proof-of-concept fibrotic scar trial.

The Institutional Review Board (IRB) is an FDA registered constituted group that has been formally designated to review and monitor biomedical research involving human subjects. In accordance with FDA regulations, an IRB has the authority to approve, require modifications (to secure approval), or disapprove research. This group review serves an important role in the protection of the rights and welfare of human research subjects.

We are very excited to begin this new clinical trial, commented Dr. Chris Capelli, Soliton’s President, CEO and co-founder.  Not only would this represent a third potential indication (in addition to tattoo removal and reduction of cellulite), but in the case of keloid and hypertrophic scars, if we can demonstrate activity in this trial, it may well support the use of our RAP technology in a wider range of fibrotic disorders. Grand View Research estimates the global market for keloid and hypertrophic scars may reach $10.2 billion by 2025.

 Its earnings per share (EPS) expected to touch remained -29.10% for this year.  According to the most recent quarter its current ratio was 5.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 9.57% from the mean of 20 days, -4.36% from mean of 50 days SMA and performed 9.71% from mean of 200 days price. Company’s performance for the week was 9.54%, 6.56% for month and YTD performance remained 156.88%.

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