In last trading session, Elevation Oncology Inc (NASDAQ:ELEV) saw 0.32 million shares changing hands with its beta currently measuring 0.45. Company’s recent per share price level of $0.50 trading at $0.02 or 4.98% at ring of the bell on the day assigns it a market valuation of $21.20M. That closing price of ELEV’s stock is at a discount of -1078.0% from its 52-week high price of $5.89 and is indicating a premium of 28.0% from its 52-week low price of $0.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.6 million shares which gives us an average trading volume of 226.23K if we extend that period to 3-months.
For Elevation Oncology Inc (ELEV), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.23 in the current quarter.
Elevation Oncology Inc (NASDAQ:ELEV) trade information
Upright in the green during last session for gaining 4.98%, in the last five days ELEV remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $0.50 price level, adding 4.31% to its value on the day. Elevation Oncology Inc’s shares saw a change of -47.37% in year-to-date performance and have moved 31.58% in past 5-day. Elevation Oncology Inc (NASDAQ:ELEV) showed a performance of -19.22% in past 30-days. Number of shares sold short was 0.86 million shares which calculate 8.6 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $4.83 to the stock, which implies a rise of 89.65% to its current value. Analysts have been projecting $1.50 as a low price target for the stock while placing it at a high target of $8.00. It follows that stock’s current price would drop -1500.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -200.0% for stock’s current value.
Elevation Oncology Inc (ELEV) estimates and forecasts
Statistics highlight that Elevation Oncology Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -86.88% of value to its shares in past 6 months, showing an annual growth rate of -75.61% while that of industry is 14.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 72.00% in the current quarter and calculating 61.10% increase in the next quarter.
Elevation Oncology Inc is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Elevation Oncology Inc (NASDAQ:ELEV)’s Major holders
Insiders are in possession of 2.30% of company’s total shares while institution are holding 58.01 percent of that, with stock having share float percentage of 59.37%. Investors also watch the number of corporate investors in a company very closely, which is 58.01% institutions for Elevation Oncology Inc that are currently holding shares of the company. Tang Capital Management, LLC is the top institutional holder at ELEV for having 4.0 million shares of worth $6.08 million. And as of Jun 29, 2023, it was holding 9.44% of the company’s outstanding shares.
The second largest institutional holder is venBio Partners LLC, which was holding about 2.91 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.88% of outstanding shares, having a total worth of $4.43 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.85 million shares of worth $1.3 million or 2.02% of the total outstanding shares. The later fund manager was in possession of 0.2 million shares on Jun 29, 2023, making its stake of worth around $0.31 million in the company or a holder of 0.48% of company’s stock.