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.
The closing price of Eledon Pharmaceuticals Inc (NASDAQ: ELDN) was $3.08 for the day, up 0.65% from the previous closing price of $3.06. In other words, the price has increased by $0.65 from its previous closing price. On the day, 0.19 million shares were traded. ELDN stock price reached its highest trading level at $3.16 during the session, while it also had its lowest trading level at $3.06.
Ratios:
Our analysis of ELDN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 13.91 and its Current Ratio is at 13.91. 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 184435936 and an Enterprise Value of 38278612.
Stock Price History:
The Beta on a monthly basis for ELDN is -0.16, which has changed by 0.23694777 over the last 52 weeks, in comparison to a change of 0.12792087 over the same period for the S&P500. Over the past 52 weeks, ELDN has reached a high of $5.54, while it has fallen to a 52-week low of $2.30. The 50-Day Moving Average of the stock is 2.80%, while the 200-Day Moving Average is calculated to be -14.68%.
Shares Statistics:
ELDN traded an average of 342.30K shares per day over the past three months and 1094140 shares per day over the past ten days. A total of 59.88M shares are outstanding, with a floating share count of 55.34M. Insiders hold about 7.58% of the company’s shares, while institutions hold 59.42% stake in the company. Shares short for ELDN as of 1749772800 were 1329307 with a Short Ratio of 3.88, compared to 1747267200 on 1566758. Therefore, it implies a Short% of Shares Outstanding of 1329307 and a Short% of Float of 2.48.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
