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Silence Therapeutics Plc (SLN)
:SLN
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Silence Therapeutics (SLN) AI Stock Analysis

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Silence Therapeutics

(NASDAQ:SLN)

Rating:52Neutral
Price Target:
$6.00
▼(-6.83%Downside)
The stock score is influenced by ongoing financial challenges and valuation concerns, despite positive corporate governance developments and short-term technical momentum. The company's financial performance remains a significant risk, but recent corporate events provide a measure of stability.
Positive Factors
Commercial Opportunity
Despite PV's increasingly crowded landscape, PV remains a large commercial opportunity given high unmet need, evidenced by significant sales and partnerships.
Product Differentiation
Divesiran's final PhI update at EHA reinforces a differentiated profile in PV, including robust efficacy/safety and infrequent dosing, that could potentially drive a best-in-class opportunity.
Regulatory and Partnership Support
Zerlasiran is advancing toward Phase 3 readiness in Lp(a), supported by regulatory alignment across the U.S., EU, and Japan, and active partnering discussions that management characterized as highly engaged.
Negative Factors
Competitive Market
Despite PV's increasingly crowded landscape, PV remains a large commercial opportunity given the high unmet need and significant sales potential.
Drug Competition
The placebo-controlled Phase II portion of the SANRECO study will give further insights into its competitiveness with rusfertide on phlebotomy reductions, and divesiran’s Q6W dosing profile is superior here.

Silence Therapeutics (SLN) vs. SPDR S&P 500 ETF (SPY)

Silence Therapeutics Business Overview & Revenue Model

Company DescriptionSilence Therapeutics plc, a biotechnology company, focuses on the discovery and development of novel ribonucleic acid (RNA) therapeutics in hematology, cardiovascular, and other rare and metabolic indications. The company's platform includes mRNAi GalNAc Oligonucleotide Discovery platform designed to accurately target specific disease-associated genes in the liver. It designs short interfering RNA molecules to harness the body's natural mechanism of RNA interference, and degrading messenger RNA molecules that encode specific targeted disease-associated proteins in a cell. The company is developing various product candidates, including SLN360, which is Phase I clinical trials for the treatment of cardiovascular disease with high lipoprotein; SLN124 that is in Phase I clinical trials for the treatment of non-transfusion dependent thalassemia, and Phase I clinical trials for the treatment of myelodysplastic syndrome; and SLN124 for the treatment of polycythemia vera. It has collaboration agreements with AstraZeneca PLC to discover, develop, and commercialize small interfering RNA therapeutics for the treatment of cardiovascular, renal, metabolic, and respiratory diseases; and Mallinckrodt Pharma IP Trading DAC to develop and commercialize RNAi drug targets designed to silence the complement cascade in complement-mediated disorders. The company also has a collaboration with Hansoh Pharmaceutical Group Company Limited to develop siRNAs for three undisclosed targets leveraging Silence's mRNAi GOLD platform. The company was formerly known as SR Pharma plc and changed its name to Silence Therapeutics plc in May 2007. Silence Therapeutics plc is headquartered in London, the United Kingdom.
How the Company Makes MoneySilence Therapeutics generates revenue through a combination of research and development collaborations, licensing agreements, and milestone payments from its partnerships with other pharmaceutical and biotech companies. The company licenses its proprietary RNA interference technology to partners who utilize it in the development of their own drug candidates. Additionally, Silence Therapeutics may earn royalties from successfully commercialized products that incorporate its technology. Key partnerships with industry leaders contribute significantly to its earnings by providing upfront payments, research funding, and potential future royalties based on product sales. The company's financial model heavily relies on its ability to establish and maintain strategic alliances that leverage its innovative platform.

Silence Therapeutics Earnings Call Summary

Earnings Call Date:May 08, 2025
(Q4-2024)
|
% Change Since: 74.05%|
Next Earnings Date:Aug 14, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted positive clinical trial results for zerlasiran and divesiran, revenue growth, and an extended cash runway. However, the termination of the Hansoh Pharma collaboration and the delay of the zerlasiran Phase 3 study due to the need for a partner were significant challenges mentioned.
Q4-2024 Updates
Positive Updates
Positive Results for Zerlasiran Phase 2 Study
The ALPACAR-360 Phase 2 study of zerlasiran in ASCVD patients with high Lp(a) delivered positive results, showing Lp(a) reductions exceeded 90% and were durable. The study was featured in a late-breaker at AHA and published in JAMA.
Divesiran Phase 1 Success and Phase 2 Progress
The SANRECO’s Phase 1 study of divesiran showed positive results, eliminating the need for phlebotomy in all well-controlled patients. Phase 2 study dosing has started, and the European Commission has granted divesiran Orphan Drug Designation for PV.
Revenue Growth
The company recorded $43.3 million in revenues for 2024, an increase of $11.7 million from 2023, largely due to collaboration arrangements utilizing the siRNA platform.
Extension of Cash Runway
By delaying the Phase 3 study of zerlasiran until a partner is secured, the company has extended its projected cash runway into 2027.
Negative Updates
Hansoh Pharma Collaboration Termination
Hansoh Pharma opted not to pursue further development under the collaboration, resulting in the company regaining rights to three undisclosed preclinical liver targets.
Zerlasiran Phase 3 Study Delay
The Phase 3 outcomes study for zerlasiran will only be initiated once a partner is secured, which may delay the advancement of this promising program.
Company Guidance
During the call, Silence Therapeutics provided guidance on several key metrics for their future operations. The company reported $43.3 million in revenues for 2024, an increase from $31.6 million in 2023, largely due to collaboration arrangements. They ended 2024 with $147.3 million in cash, cash equivalents, and short-term investments. Silence announced they would only initiate the Phase 3 outcomes study for zerlasiran, their siRNA for high Lp(a), once a partner is secured, which extends their cash runway into 2027. Additionally, they are prioritizing investment in programs targeting rare conditions, like divesiran for polycythemia vera (PV), which has received orphan drug designation in both the EU and US. The company also plans to commence a Phase 1 study of SLN548 targeting complement factor B in the second half of 2025. Silence transitioned to a U.S. domestic issuer status, moving from IFRS to U.S. GAAP, which resulted in a net loss decrease to $45.3 million in 2024 from $54.2 million in 2023.

Silence Therapeutics Financial Statement Overview

Summary
Silence Therapeutics has shown revenue growth, but faces significant profitability and financial stability challenges, with negative equity and ongoing cash flow issues. Strategic financial planning is needed for improvement.
Income Statement
45
Neutral
Silence Therapeutics has demonstrated significant revenue growth over the years, with a notable increase from 2023 to 2024. However, the company continues to face challenges with profitability, as evidenced by negative EBIT and net income margins. The consistent negative profit margins highlight a need for enhanced cost management or increased revenue to achieve profitability.
Balance Sheet
30
Negative
The company's balance sheet reveals a concerning negative stockholders' equity as of 2024, indicating financial instability. The debt-to-equity ratio is not favorable due to the negative equity, and although the company maintains substantial cash reserves, the high liabilities present a risk. Improving equity and managing liabilities are critical for financial health.
Cash Flow
55
Neutral
Silence Therapeutics has managed significant financing cash flow, which supports its operations despite negative operating cash flow. The free cash flow has been consistently negative, reflecting ongoing cash challenges. However, the company's ability to secure financing offers some operational flexibility. Improving free cash flow is essential for sustainable growth.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue26.21M43.26M25.38M17.50M12.41M5.48M
Gross Profit19.14M31.45M15.06M6.62M4.96M1.72M
EBITDA-59.80M-48.99M-49.78M-47.88M-45.42M-35.53M
Net Income-56.93M-45.31M-43.27M-40.49M-39.41M-32.55M
Balance Sheet
Total Assets185.30M202.63M93.82M107.50M96.19M85.97M
Cash, Cash Equivalents and Short-Term Investments136.53M147.33M54.03M71.14M73.54M37.45M
Total Debt-60.00K117.00K272.00K446.00K137.00K341.00K
Total Liabilities-72.56M68.61M76.77M85.43M87.67M76.91M
Stockholders Equity-112.74M134.02M17.05M22.07M8.53M9.06M
Cash Flow
Free Cash Flow-36.90M-67.85M-39.40M-45.90M5.47M-11.29M
Operating Cash Flow-17.12M-67.64M-39.35M-45.46M6.81M-10.78M
Investing Cash Flow-4.55M-21.97M16.43M-16.54M8.68M9.62M
Financing Cash Flow16.66M142.09M25.16M43.05M30.71M15.43M

Silence Therapeutics Technical Analysis

Technical Analysis Sentiment
Positive
Last Price6.44
Price Trends
50DMA
5.13
Positive
100DMA
4.40
Positive
200DMA
7.70
Negative
Market Momentum
MACD
0.31
Negative
RSI
64.78
Neutral
STOCH
91.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLN, the sentiment is Positive. The current price of 6.44 is above the 20-day moving average (MA) of 5.79, above the 50-day MA of 5.13, and below the 200-day MA of 7.70, indicating a neutral trend. The MACD of 0.31 indicates Negative momentum. The RSI at 64.78 is Neutral, neither overbought nor oversold. The STOCH value of 91.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLN.

Silence Therapeutics Risk Analysis

Silence Therapeutics disclosed 70 risk factors in its most recent earnings report. Silence Therapeutics reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Silence Therapeutics Peers Comparison

Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
SLSLN
52
Neutral
$304.16M-99.23%-40.10%-16.60%
52
Neutral
$564.95M-53.82%44.85%
52
Neutral
$7.52B0.25-63.76%2.30%16.15%0.89%
51
Neutral
$312.41M123.38%10.49%47.31%
46
Neutral
$198.27M-32.97%
45
Neutral
$119.35M-60.22%85.19%
28
Underperform
$40.67M-41.96%72.12%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SLN
Silence Therapeutics
6.44
-14.05
-68.57%
RGLS
Regulus
8.16
6.42
368.97%
KRRO
Korro Bio
12.71
-36.54
-74.19%
ADCT
ADC Therapeutics
3.35
-0.66
-16.46%
KLRS
Kalaris Therapeutics
2.43
-15.74
-86.63%
FDMT
4D Molecular Therapeutics
4.38
-22.55
-83.74%

Silence Therapeutics Corporate Events

Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
Silence Therapeutics Passes Key Resolutions at AGM
Positive
Jun 27, 2025

On June 26, 2025, Silence Therapeutics held its Annual General Meeting where all thirteen proposed resolutions were passed. Key decisions included the reappointment of directors, approval of executive compensation on an annual basis, and the ratification of PricewaterhouseCoopers LLP as auditors. These resolutions reflect the company’s strategic focus on governance and financial oversight, potentially strengthening its operational stability and stakeholder confidence.

The most recent analyst rating on (SLN) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Silence Therapeutics stock, see the SLN Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Silence Therapeutics Announces Board Changes and New Director
Neutral
May 6, 2025

On May 5, 2025, Silence Therapeutics announced the retirement of James Ede-Golightly from its Board of Directors, effective at the conclusion of the 2025 Annual General Meeting. Ede-Golightly, who has been a key figure in the company’s transition to a Nasdaq-listed entity, will step down as chair of the Remuneration Committee immediately but remain a member until the AGM. Concurrently, Tim McInerney was appointed as a new director and chair of the Remuneration Committee, bringing over 30 years of experience in the pharmaceutical and biotechnology sectors. McInerney’s appointment is seen as a strategic move to strengthen Silence’s position as a leader in the siRNA field and to support its expansion into the U.S. markets.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 08, 2025