The stock price of Longeveron Inc (NASDAQ: LGVN) has dropped by -3.82 compared to previous close of 3.14. Despite this, the company has seen a fall of -14.20% in its stock price over the last five trading days. globenewswire.com reported 2024-07-19 that MIAMI, July 19, 2024 (GLOBE NEWSWIRE) — Longeveron Inc. (NASDAQ: LGVN) (“Longeveron” or the “Company”), a clinical stage regenerative medicine biotechnology company developing cellular therapies for life-threatening and chronic aging-related conditions, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules, for the issuance and sale of an aggregate of 2,236,026 shares of its Class A common stock (or common stock equivalents in lieu thereof) at a purchase price of $4.025 per share of Class A common stock (or per common stock equivalent in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company issued unregistered warrants to purchase up to an aggregate of 2,236,026 shares of Class A common stock.
Is It Worth Investing in Longeveron Inc (NASDAQ: LGVN) Right Now?
The stock has a 36-month beta value of 0.49. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LGVN is 4.40M, and at present, short sellers hold a 6.66% of that float. On July 23, 2024, the average trading volume of LGVN was 10.11M shares.
LGVN’s Market Performance
LGVN stock saw an increase of -14.20% in the past week, with a monthly gain of 37.27% and a quarterly increase of 61.50%. The volatility ratio for the week is 17.66%, and the volatility levels for the last 30 days are 19.17% for Longeveron Inc (LGVN). The simple moving average for the last 20 days is 11.34% for LGVN’s stock, with a simple moving average of -64.84% for the last 200 days.
LGVN Trading at 54.00% from the 50-Day Moving Average
After a stumble in the market that brought LGVN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.52% of loss for the given period.
Volatility was left at 19.17%, however, over the last 30 days, the volatility rate increased by 17.66%, as shares surge +58.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +98.05% upper at present.
During the last 5 trading sessions, LGVN fell by -13.36%, which changed the moving average for the period of 200-days by -87.85% in comparison to the 20-day moving average, which settled at $2.77. In addition, Longeveron Inc saw -77.79% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LGVN starting from Hare Joshua, who purchase 42,553 shares at the price of $2.35 back on Apr 11 ’24. After this action, Hare Joshua now owns 633,280 shares of Longeveron Inc, valued at $100,000 using the latest closing price.
Soffer Rock, the Director of Longeveron Inc, purchase 31,915 shares at $2.35 during a trade that took place back on Apr 11 ’24, which means that Soffer Rock is holding 208,534 shares at $75,000 based on the most recent closing price.
Stock Fundamentals for LGVN
Current profitability levels for the company are sitting at:
- -20.86 for the present operating margin
- -0.02 for the gross margin
The net margin for Longeveron Inc stands at -22.11. The total capital return value is set at -4.63. Equity return is now at value -214.03, with -131.78 for asset returns.
Based on Longeveron Inc (LGVN), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at -8.57. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is -295.7.
Currently, EBITDA for the company is -20.08 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 29.61. The receivables turnover for the company is 5.49for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
Conclusion
To sum up, Longeveron Inc (LGVN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
