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The price of Eledon Pharmaceuticals Inc (NASDAQ: ELDN) closed at $4.35 in the last session, down -0.46% from day before closing price of $4.37. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 0.51 million shares were traded. ELDN stock price reached its highest trading level at $4.4 during the session, while it also had its lowest trading level at $4.2.
Ratios:
We take a closer look at ELDN’s different ratios to gain a better understanding of the stock. 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 259865952 and an Enterprise Value of 182175840.
Stock Price History:
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 2.57%, while the 200-Day Moving Average is calculated to be 48.43%.
Shares Statistics:
According to the various share statistics, ELDN traded on average about 543.28K shares per day over the past 3-months and 681370 shares per day over the past 10 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 1734048000 were 898104 with a Short Ratio of 1.65, compared to 1731628800 on 731494. Therefore, it implies a Short% of Shares Outstanding of 898104 and a Short% of Float of 1.68.
