In today’s recent session, 0.45 million shares of the Longeveron Inc (NASDAQ:LGVN) have been traded, and its beta is 0.35. Most recently the company’s share price was $2.16, and it changed around -$0.02 or -0.84% from the last close, which brings the market valuation of the company to $13.73M. LGVN at last check was trading at a discount to its 52-week high of $23.90, offering almost -1006.48% off that amount. The share price’s 52-week low was $0.77, which indicates that the recent value has risen by an impressive 64.35% since then. We note from Longeveron Inc’s average daily trading volume that its 10-day average is 0.91 million shares, with the 3-month average coming to 1.15 million.
Longeveron Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended LGVN as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Longeveron Inc is expected to report earnings per share of -0.44 for the current quarter.
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Longeveron Inc (NASDAQ:LGVN) trade information
Instantly LGVN has been showing red trend so far today with a performance of -0.84% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.48 on recent trading dayincreased the stock’s daily price by 12.9%. The company’s shares are currently down -84.11% year-to-date, but still up 5.44% over the last five days. On the other hand, Longeveron Inc (NASDAQ:LGVN) is 11.42% up in the 30-day period. We can see from the shorts that 0.59 million shares have been sold at a short interest cover period of 1.46 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 78.4% from its current value. Analyst projections state that LGVN is forecast to be at a low of $10 and a high of $10.
Longeveron Inc (LGVN) estimates and forecasts
Longeveron Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 26.41 percent over the past six months and at a 61.76% annual growth rate that is well above the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 84.30% in revenue this quarter, and will report an increase of 84.00% in the next quarter. The year-over-year growth rate is expected to be 156.70%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 390k in revenue for the current quarter. 3 analysts expect Longeveron Inc to make 400k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 150k and 63k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 160.00%. Forecasts for the next quarter put sales growth at 534.90%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.24%.
LGVN Dividends
Longeveron Inc’s next quarterly earnings report is expected to be released on 2024-Aug-14.
Longeveron Inc (NASDAQ:LGVN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.70% of Longeveron Inc shares, and 2.57% of them are in the hands of institutional investors. The stock currently has a share float of 2.88%. Longeveron Inc stock is held by 23.0 institutions, with RENAISSANCE TECHNOLOGIES LLC being the largest institutional investor. By 2024-06-30, it held 5.8363% of the shares, which is about 0.15 million shares worth $0.24 million.
TWO SIGMA INVESTMENTS, LP, with 1.8317% or 46041.0 shares worth $74126.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Aug 31, 2024. The former held 27.77 shares worth $57900.0, making up 0.22% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 6.51 shares worth around $13571.0, which represents about 0.05% of the total shares outstanding.
