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

Silverback Therapeutics, Inc. (NASDAQ:SBTXGet Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $14.90 and last traded at $14.51, with a volume of 383063 shares changing hands. The stock had previously closed at $14.53.

Silverback Therapeutics Price Performance

The stock has a market cap of $523.20 million, a P/E ratio of -6.00 and a beta of 0.60. The company has a fifty day moving average price of $14.66 and a 200 day moving average price of $11.91.

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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