Eledon Pharmaceuticals Inc (NASDAQ:ELDN)’s traded shares stood at 0.82 million during the last session, with the company’s beta value hitting 0.76. At the close of trading, the stock’s price was $4.60, to imply an increase of 5.50% or $0.24 in intraday trading. The ELDN share’s 52-week high remains $5.54, putting it -20.43% down since that peak but still an impressive 73.26% since price per share fell to its 52-week low of $1.23. The company has a valuation of $274.80M, with an average of 0.35 million shares in intraday trading volume over the past 10 days and average of 409.47K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Eledon Pharmaceuticals Inc (ELDN), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give ELDN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.34.
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Eledon Pharmaceuticals Inc (NASDAQ:ELDN) trade information
After registering a 5.50% upside in the last session, Eledon Pharmaceuticals Inc (ELDN) has traded red over the past five days. The 5-day price performance for the stock is -1.29%, and -9.27% over 30 days. With these gigs, the year-to-date price performance is 155.56%. Short interest in Eledon Pharmaceuticals Inc (NASDAQ:ELDN) saw shorts transact 0.73 million shares and set a 0.88 days time to cover.
Eledon Pharmaceuticals Inc (ELDN) estimates and forecasts
Looking at statistics comparing Eledon Pharmaceuticals Inc share performance against respective industry, we note that the company has outperformed competitors. Eledon Pharmaceuticals Inc (ELDN) shares are 65.47% up over the last 6 months, with its year-to-date growth rate higher than industry average at 61.59% against 17.50%.
ELDN Dividends
Eledon Pharmaceuticals Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Eledon Pharmaceuticals Inc (NASDAQ:ELDN)’s Major holders
The next major institution holding the largest number of shares is ARMISTICE CAPITAL, LLC with 2.34 million shares, or about 7.7894% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.17 million.
