Silverback Therapeutics (NASDAQ:SBTX) Hits New 1-Year High – What’s Next?

Silverback Therapeutics, Inc. (NASDAQ:SBTXGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $15.61 and last traded at $15.32, with a volume of 574261 shares changing hands. The stock had previously closed at $15.20.

Silverback Therapeutics Stock Up 0.8 %

The stock has a 50 day moving average of $13.90 and a 200 day moving average of $11.21. The firm has a market cap of $552.41 million, a price-to-earnings ratio of -6.28 and a beta of 0.60.

About Silverback Therapeutics

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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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