Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Eledon Pharmaceuticals Inc (NASDAQ: ELDN) closed at $4.05 up 9.16% from its previous closing price of $3.71. In other words, the price has increased by $9.16 from its previous closing price. On the day, 0.99 million shares were traded. ELDN stock price reached its highest trading level at $4.07 during the session, while it also had its lowest trading level at $3.71.
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 6.53 and its Current Ratio is at 6.53. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On March 23, 2021, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $25.
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 241944176 and an Enterprise Value of 164254064.
Stock Price History:
The Beta on a monthly basis for ELDN is 0.80, which has changed by 1.2760737 over the last 52 weeks, in comparison to a change of 0.22212577 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 $1.52. The 50-Day Moving Average of the stock is -8.11%, while the 200-Day Moving Average is calculated to be 32.28%.
Shares Statistics:
For the past three months, ELDN has traded an average of 613.93K shares per day and 407790 over the past ten days. A total of 59.74M shares are outstanding, with a floating share count of 57.06M. Insiders hold about 4.49% of the company’s shares, while institutions hold 36.86% stake in the company. Shares short for ELDN as of 1735603200 were 1247068 with a Short Ratio of 2.03, compared to 1732838400 on 686688. Therefore, it implies a Short% of Shares Outstanding of 1247068 and a Short% of Float of 2.33.
