In last trading session, Longeveron Inc (NASDAQ:LGVN) saw 0.41 million shares changing hands with its beta currently measuring 0.31. Company’s recent per share price level of $2.04 trading at -$0.02 or -0.97% at ring of the bell on the day assigns it a market valuation of $30.26M. That closing price of LGVN’s stock is at a discount of -1071.57% from its 52-week high price of $23.90 and is indicating a premium of 62.25% from its 52-week low price of $0.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.38 million shares which gives us an average trading volume of 525.16K if we extend that period to 3-months.
Longeveron Inc (NASDAQ:LGVN) trade information
Upright in the red during last session for losing -0.97%, in the last five days LGVN remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $2.04 price level, adding 5.56% to its value on the day. Longeveron Inc’s shares saw a change of -85.00% in year-to-date performance and have moved 9.09% in past 5-day. Longeveron Inc (NASDAQ:LGVN) showed a performance of -5.56% in past 30-days. Number of shares sold short was 1.28 million shares which calculate 2.03 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 79.6% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -390.2% in reaching the projected high whereas dropping to the targeted low would mean a loss of -390.2% for stock’s current value.
Longeveron Inc (LGVN) estimates and forecasts
Statistics highlight that Longeveron Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 85.45% of value to its shares in past 6 months, showing an annual growth rate of 65.98% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 178.89% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 550k for the same. And 3 analysts are in estimates of company making revenue of 632.67k in the next quarter. Company posted 63k and 548k of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.24% during past 5 years.
Longeveron Inc (NASDAQ:LGVN)’s Major holders
Insiders are in possession of 10.70% of company’s total shares while institution are holding 3.34 percent of that, with stock having share float percentage of 3.74%. Investors also watch the number of corporate investors in a company very closely, which is 3.34% institutions for Longeveron Inc that are currently holding shares of the company. RENAISSANCE TECHNOLOGIES LLC is the top institutional holder at LGVN for having 0.15 million shares of worth $0.24 million. And as of 2024-06-30, it was holding 5.8363 of the company’s outstanding shares.
The second largest institutional holder is TWO SIGMA INVESTMENTS, LP, which was holding about 46041.0 shares on 2024-06-30. The number of shares represents firm’s hold over 1.8317 of outstanding shares, having a total worth of $74126.0.
On the other hand, Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 73.81 shares of worth $0.15 million or 0.55% of the total outstanding shares. The later fund manager was in possession of 24.22 shares on Sep 30, 2024 , making its stake of worth around $49646.0 in the company or a holder of 0.18% of company’s stock.
