Do futuristic bulls still own Selina Hospitality PLC. [SLNA] stock?

Selina Hospitality PLC. (NASDAQ:SLNA) shares traded -7.44% lower at $0.07 on Wall Street last session.

SLNA stock price is now -3.71% away from the 50-day moving average and -69.84% away from the 200-day moving average. The market capitalization of the company currently stands at $7.62M.

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With the price target of $4.50, Northland Capital recently initiated with Outperform rating for Selina Hospitality PLC. (NASDAQ: SLNA).

In other news, Saba Capital Management, L.P., 10% Owner sold 895,701 shares of the company’s stock on Apr 23 ’24. The stock was sold for $49,264 at an average price of $0.06. Upon completion of the transaction, the 10% Owner now directly owns 54,363,581 shares in the company, valued at $3.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 22 ’24, 10% Owner Saba Capital Management, L.P. sold 78,670 shares of the business’s stock. A total of $4,642 was realized by selling the stock at an average price of $0.06. This leaves the insider owning 55,259,282 shares of the company worth $3.87 million. A total of 40.26% of the company’s stock is owned by insiders.

During the past 12 months, Selina Hospitality PLC. has had a low of $0.04 and a high of $1.62. The fifty day moving average price for SLNA is $0.07298 and a two-hundred day moving average price translates $0.2285 for the stock.

The latest earnings results from Selina Hospitality PLC. (NASDAQ: SLNA) was released for 2023-06-30. The company reported revenue of $52.49 million for the quarter, compared to $41.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.45 percent.

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