In last trading session, Elevation Oncology Inc (NASDAQ:ELEV) saw 0.68 million shares changing hands with its beta currently measuring 1.24. Company’s recent per share price level of $0.65 trading at $0.03 or 4.12% at ring of the bell on the day assigns it a market valuation of $38.43M. That closing price of ELEV’s stock is at a discount of -796.92% from its 52-week high price of $5.83 and is indicating a premium of 32.31% from its 52-week low price of $0.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.48 million shares which gives us an average trading volume of 697.38K if we extend that period to 3-months.
For Elevation Oncology Inc (ELEV), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.21 in the current quarter.
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Elevation Oncology Inc (NASDAQ:ELEV) trade information
Upright in the green during last session for gaining 4.12%, in the last five days ELEV remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $0.65 price level, adding 4.02% to its value on the day. Elevation Oncology Inc’s shares saw a change of 21.06% in year-to-date performance and have moved 7.42% in past 5-day. Elevation Oncology Inc (NASDAQ:ELEV) showed a performance of 8.35% in past 30-days. Number of shares sold short was 6.02 million shares which calculate 7.39 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 92.78% to its current value. Analysts have been projecting 8 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 -1130.77% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1130.77% for stock’s current value.
Elevation Oncology Inc (ELEV) estimates and forecasts
Statistics highlight that Elevation Oncology Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -83.83% of value to its shares in past 6 months, showing an annual growth rate of 37.31% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
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 -52.56% during past 5 years.
Elevation Oncology Inc (NASDAQ:ELEV)’s Major holders
Insiders are in possession of 0.24% of company’s total shares while institution are holding 83.89 percent of that, with stock having share float percentage of 84.09%. Investors also watch the number of corporate investors in a company very closely, which is 83.89% institutions for Elevation Oncology Inc that are currently holding shares of the company. LOGOS GLOBAL MANAGEMENT LP is the top institutional holder at ELEV for having 3.85 million shares of worth $10.39 million. And as of 2024-06-30, it was holding 6.5234 of the company’s outstanding shares.
The second largest institutional holder is FARALLON CAPITAL MANAGEMENT LLC, which was holding about 3.6 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.0971 of outstanding shares, having a total worth of $9.72 million.
On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 1.37 shares of worth $0.87 million or 2.32% of the total outstanding shares. The later fund manager was in possession of 1.07 shares on Jun 30, 2024 , making its stake of worth around $0.68 million in the company or a holder of 1.80% of company’s stock.
