Shoulder Innovations (NYSE:SI) Reaches New 52-Week High - Here's Why

Key Points

• Silvergate Capital shares reached a new 52-week high of $17.94, marking a substantial increase of 1,116.9% from a previous close of $1.24.
• The company's market capitalization stands at $477.73 million with a P/E ratio of -0.50 and a beta of 2.23, indicating significant volatility.
• Silvergate Capital operates as a bank holding company, providing various banking products and services to clients across the United States.

Shoulder Innovations Inc (NYSE:SI - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $17.94 and last traded at $15.90, with a volume of 562468 shares. The stock had previously closed at $1.24.

Shoulder Innovations Stock Down 2.4%

The company has a market capitalization of $440.38 million, a P/E ratio of -0.46 and a beta of 2.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.18 and a current ratio of 0.25.

Shoulder Innovations Company Profile

We are a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market. We currently offer advanced implant systems for shoulder arthroplasty. These systems are a core element of our ecosystem, which we designed to improve core components of shoulder surgical care – preoperative planning, implant design and procedural efficiency – to benefit each stakeholder in the care chain.