Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Eledon Pharmaceuticals Inc (NASDAQ: ELDN) closed at $1.59 up 7.43% from its previous closing price of $1.48. In other words, the price has increased by $7.43 from its previous closing price. On the day, 0.92 million shares were traded. ELDN stock price reached its highest trading level at $1.61 during the session, while it also had its lowest trading level at $1.47.
Ratios:
For a deeper understanding of Eledon Pharmaceuticals Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.74 and its Current Ratio is at 6.74. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On January 28, 2025, Guggenheim started tracking the stock assigning a Buy rating and target price of $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELDN now has a Market Capitalization of 119304480 and an Enterprise Value of 2613217.
Stock Price History:
The Beta on a monthly basis for ELDN is 0.90, which has changed by -0.6605505 over the last 52 weeks, in comparison to a change of 0.12415576 over the same period for the S&P500. Over the past 52 weeks, ELDN has reached a high of $5.08, while it has fallen to a 52-week low of $1.35. The 50-Day Moving Average of the stock is -40.91%, while the 200-Day Moving Average is calculated to be -47.42%.
Shares Statistics:
For the past three months, ELDN has traded an average of 2.16M shares per day and 2431890 over the past ten days. A total of 75.08M shares are outstanding, with a floating share count of 68.73M. Insiders hold about 8.46% of the company’s shares, while institutions hold 49.92% stake in the company. Shares short for ELDN as of 1763078400 were 5001990 with a Short Ratio of 2.31, compared to 1760486400 on 3515385. Therefore, it implies a Short% of Shares Outstanding of 5001990 and a Short% of Float of 7.28.
