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

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

Silverback Therapeutics Stock Down 15.2 %

The business’s 50 day simple moving average is $14.26 and its two-hundred day simple moving average is $11.54. The stock has a market cap of $507.70 million, a P/E ratio of -5.82 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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