During the last session, Eledon Pharmaceuticals Inc (NASDAQ:ELDN)’s traded shares were 1.0 million, with the beta value of the company hitting 0.87. At the end of the trading day, the stock’s price was $4.65, reflecting an intraday gain of 10.98% or $0.46. The 52-week high for the ELDN share is $4.41, that puts it up 5.16 from that peak though still a striking 76.99% gain since the share price plummeted to a 52-week low of $1.07. The company’s market capitalization is $184.40M, and the average intraday trading volume over the past 10 days was 1.51 million shares, and the average trade volume was 266.13K shares over the past three months.
Eledon Pharmaceuticals Inc (ELDN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ELDN has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.31.
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Eledon Pharmaceuticals Inc (NASDAQ:ELDN) trade information
Eledon Pharmaceuticals Inc (ELDN) registered a 10.98% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 10.98% in intraday trading to $4.65, hitting a weekly high. The stock’s 5-day price performance is 31.36%, and it has moved by 85.26% in 30 days. Based on these gigs, the overall price performance for the year is 198.08%. The short interest in Eledon Pharmaceuticals Inc (NASDAQ:ELDN) is 0.14 million shares and it means that shorts have 2.2 day(s) to cover.
Eledon Pharmaceuticals Inc (ELDN) estimates and forecasts
Statistics show that Eledon Pharmaceuticals Inc has underperformed its competitors in share price, compared to the industry in which it operates. Eledon Pharmaceuticals Inc (ELDN) shares have gone up 102.17% during the last six months, with a year-to-date growth rate less than the industry average at 7.32% against 17.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 11.40% this quarter and then drop -6.90% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 29.97%. While earnings are projected to return 5.03% in 2024.
ELDN Dividends
Eledon Pharmaceuticals Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Eledon Pharmaceuticals Inc (NASDAQ:ELDN)’s Major holders
Eledon Pharmaceuticals Inc insiders own 0.07% of total outstanding shares while institutional holders control 46.08%, with the float percentage being 46.11%. BVF INC/IL is the largest shareholder of the company, while 37.0 institutions own stock in it. As of 2024-06-30, the company held over 6.29 million shares (or 20.985% of all shares), a total value of $16.61 million in shares.
The next largest institutional holding, with 2.34 million shares, is of ARMISTICE CAPITAL, LLC’s that is approximately 7.7894% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.17 million.
