Longeveron Inc (NASDAQ: LGVN)’s Potential for Significant Price Increase in the Near Future

In the last trading session, 96.0 million Longeveron Inc (NASDAQ:LGVN) shares changed hands as the company’s beta touched 0.59. With the company’s per share price at $3.19 changed hands at $0.5 or 18.59% during last session, the market valuation stood at $20.26M. LGVN’s last price was a discount, traded about -1153.92% off its 52-week high of $40.00. The share price had its 52-week low at $0.77, which suggests the last value was 75.86% up since then. When we look at Longeveron Inc’s average trading volume, we note the 3-month average coming to 6.41 million.

Longeveron Inc (NASDAQ:LGVN) trade information

Instantly LGVN was in green as seen at the end of in last trading. With action 206.73%, the performance over the past five days has been green. The jump to weekly highs of 4.10 added 18.59% to the stock’s daily price. The company’s shares are showing year-to-date downside of -76.54%, with the 5-day performance at 206.73% in the green. However, in the 30-day time frame, Longeveron Inc (NASDAQ:LGVN) is 138.06% up.

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Longeveron Inc (LGVN) estimates and forecasts

Data shows that the Longeveron Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -84.66% over the past 6 months, a 53.82% in annual growth rate that is considerably higher than the industry average of 15.60%. Year-over-year growth is forecast to reach 132.70% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 360k. 2 analysts are of the opinion that Longeveron Inc’s revenue for the current quarter will be 380k. The estimates for the next quarter sales put growth at 153.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.24%. The 2024 estimates are for Longeveron Inc earnings to increase by 65.59%.

LGVN Dividends

Longeveron Inc is expected to release its next quarterly earnings report in July.