Evolus Inc (NASDAQ: EOLS) Could Soon Experience A Sharp Increase In Its Share Price.

In the last trading session, 1.58 million shares of the Evolus Inc (NASDAQ:EOLS) were traded, and its beta was 1.19. Most recently the company’s share price was $10.27, and it changed around $0.73 or 7.65% from the last close, which brings the market valuation of the company to $653.07M. EOLS currently trades at a discount to its 52-week high of $17.82, offering almost -73.52% off that amount. The share price’s 52-week low was $8.67, which indicates that the current value has risen by an impressive 15.58% since then. We note from Evolus Inc’s average daily trading volume that its 10-day average is 1.31 million shares, with the 3-month average coming to 858.89K.

Evolus Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended EOLS as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

Evolus Inc (NASDAQ:EOLS) trade information

Instantly EOLS has showed a green trend with a performance of 7.65% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.71 on recent trading dayincreased the stock’s daily price by 4.11%. The company’s shares are currently down -6.97% year-to-date, but still up 0.29% over the last five days. On the other hand, Evolus Inc (NASDAQ:EOLS) is -22.20% down in the 30-day period. We can see from the shorts that 7.15 million shares have been sold at a short interest cover period of 9.84 day(s).

The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 58.92% from its current value. Analyst projections state that EOLS is forecast to be at a low of $20 and a high of $27.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.91%.

EOLS Dividends

Evolus Inc’s next quarterly earnings report is expected to be released on 2025-Mar-03.

Evolus Inc (NASDAQ:EOLS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 10.64% of Evolus Inc shares, and 82.62% of them are in the hands of institutional investors. The stock currently has a share float of 92.46%. Evolus Inc stock is held by 222.0 institutions, with PERCEPTIVE ADVISORS LLC being the largest institutional investor. By 2024-06-30, it held 9.1731% of the shares, which is about 5.75 million shares worth $62.43 million.

TANG CAPITAL MANAGEMENT LLC, with 7.7281% or 4.85 million shares worth $52.59 million as of 2024-06-30, holds the second largest percentage of outstanding shares.