Market Highlights: Elevai Labs Inc. (ELAB) Ends on a Low Note at 0.28

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The price of Elevai Labs Inc. (NASDAQ: ELAB) closed at $0.28 in the last session, down -8.44% from day before closing price of $0.31. In other words, the price has decreased by -$8.44 from its previous closing price. On the day, 0.5 million shares were traded. ELAB stock price reached its highest trading level at $0.3099 during the session, while it also had its lowest trading level at $0.28.

Ratios:

We take a closer look at ELAB’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELAB now has a Market Capitalization of 5825288 and an Enterprise Value of 5693821. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.36 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 2.302 whereas that against EBITDA is -1.191.

Stock Price History:

Over the past 52 weeks, ELAB has reached a high of $4.24, while it has fallen to a 52-week low of $0.22. The 50-Day Moving Average of the stock is -22.60%, while the 200-Day Moving Average is calculated to be -63.81%.

Shares Statistics:

According to the various share statistics, ELAB traded on average about 2.19M shares per day over the past 3-months and 449880 shares per day over the past 10 days. A total of 17.33M shares are outstanding, with a floating share count of 8.47M. Insiders hold about 59.30% of the company’s shares, while institutions hold 0.73% stake in the company. Shares short for ELAB as of 1724976000 were 868700 with a Short Ratio of 0.40, compared to 1722384000 on 86298. Therefore, it implies a Short% of Shares Outstanding of 868700 and a Short% of Float of 8.459999999999999.

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