In the latest trading session,, 0.47 million Longeveron Inc (NASDAQ:LGVN) shares changed hands as the company’s beta touched 0.35. With the company’s most recent per share price at $2.10 changed hands at -$0.2 or -8.73% at last look, the market valuation stands at $30.15M. LGVN’s current price is a discount, trading about -1038.1% off its 52-week high of $23.90. The share price had its 52-week low at $0.77, which suggests the last value was 63.33% up since then. When we look at Longeveron Inc’s average trading volume, we note the 10-day average is 0.46 million shares, with the 3-month average coming to 617.58K.
Longeveron Inc (NASDAQ:LGVN) trade information
Instantly LGVN was in red as seen in intraday trades today. With action -2.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -84.56%, with the 5-day performance at -2.36% in the red. However, in the 30-day time frame, Longeveron Inc (NASDAQ:LGVN) is 8.21% up. Looking at the short shares, we see there were 1.28 million shares sold at short interest cover period of 2.03 days.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 79.0% from its recent market value. According to analyst projections, LGVN’s forecast low is 10 with 10 as the target high. To hit the forecast high, the stock’s price needs a -376.19% plunge from its current level, while the stock would need to soar -376.19% for it to hit the projected low.
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 56.66% over the past 6 months, a 61.76% in annual growth rate that is considerably higher than the industry average of 17.10%. Year-over-year growth is forecast to reach 156.70% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 400k. 3 analysts are of the opinion that Longeveron Inc’s revenue for the current quarter will be 410k. The company’s revenue for the corresponding quarters a year ago was 150k and 63k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 166.70%. The estimates for the next quarter sales put growth at 550.80%.
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 71.27%.
LGVN Dividends
Longeveron Inc is expected to release its next quarterly earnings report on 2024-Aug-14.
Longeveron Inc (NASDAQ:LGVN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.70% of Longeveron Inc shares while 3.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.74%. There are 3.34% institutions holding the Longeveron Inc stock share, with RENAISSANCE TECHNOLOGIES LLC the top institutional holder. As of 2024-06-30, the company held 5.8363% of the shares, roughly 0.15 million LGVN shares worth $0.24 million.
TWO SIGMA INVESTMENTS, LP holds the second largest percentage of outstanding shares, with 1.8317% or 46041.0 shares worth $74126.0 as of 2024-06-30.
