Silverback Therapeutics (NASDAQ:SBTX) Sets New 12-Month High – Here’s Why

Silverback Therapeutics, Inc. (NASDAQ:SBTXGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.51 and last traded at $17.49, with a volume of 3403236 shares trading hands. The stock had previously closed at $17.04.

Silverback Therapeutics Stock Performance

The company has a market cap of $507.70 million, a price-to-earnings ratio of -5.82 and a beta of 0.60. The firm’s 50-day moving average price is $14.26 and its 200 day moving average price is $11.54.

Silverback Therapeutics Company Profile

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Silverback Therapeutics, Inc, a biopharmaceutical company, develops tissue-targeted therapeutics for the treatment of chronic viral infections, cancer, and other serious diseases. The company offers SBT8230 to treat chronic hepatitis B virus infection by eliciting an anti-viral immune response by targeting TLR8 activation to the liver.

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