The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The closing price of Elevation Oncology Inc (NASDAQ: ELEV) was $3.74 for the day, up 1.08% from the previous closing price of $3.70. In other words, the price has increased by $1.08 from its previous closing price. On the day, 0.54 million shares were traded. ELEV stock price reached its highest trading level at $3.8881 during the session, while it also had its lowest trading level at $3.67.
Ratios:
Our analysis of ELEV’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 46.22 and its Current Ratio is at 46.22. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.41.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JMP Securities on March 01, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $7.
On May 30, 2023, SVB Securities Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $5 to $8.
On December 23, 2021, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $12.H.C. Wainwright initiated its Buy rating on December 23, 2021, with a $12 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELEV now has a Market Capitalization of 202161584 and an Enterprise Value of 131105096.
Stock Price History:
Over the past 52 weeks, ELEV has reached a high of $5.89, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -13.65%, while the 200-Day Moving Average is calculated to be 94.54%.
Shares Statistics:
ELEV traded an average of 1.02M shares per day over the past three months and 1129230 shares per day over the past ten days. A total of 54.64M shares are outstanding, with a floating share count of 42.66M. Insiders hold about 21.92% of the company’s shares, while institutions hold 58.98% stake in the company. Shares short for ELEV as of 1713139200 were 4951682 with a Short Ratio of 4.84, compared to 1710460800 on 4625273. Therefore, it implies a Short% of Shares Outstanding of 4951682 and a Short% of Float of 11.3199994.
