The stock has a 36-month beta value of 1.33. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ELEV is 49.25M, and at present, short sellers hold a 13.57% of that float. On August 21, 2024, the average trading volume of ELEV was 1.26M shares.
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ELEV) stock’s latest price update
The stock of Elevation Oncology Inc (NASDAQ: ELEV) has increased by 7.30 when compared to last closing price of 0.75. Despite this, the company has experienced a 6.58% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-09 that We share 12 ideas published last week focused on stocks with less coverage on Seeking Alpha. A take on Easterly Government Properties suggests they offer reliable income similar to Treasury bonds with lower reinvestment risk. Bunge Global is seen as holding potential for market expansion opportunities despite its Q2 decline.
ELEV’s Market Performance
Elevation Oncology Inc (ELEV) has seen a 6.58% rise in stock performance for the week, with a -70.18% decline in the past month and a -78.40% plunge in the past quarter. The volatility ratio for the week is 8.58%, and the volatility levels for the past 30 days are at 11.33% for ELEV. The simple moving average for the last 20 days is -52.22% for ELEV stock, with a simple moving average of -69.53% for the last 200 days.
Analysts’ Opinion of ELEV
Many brokerage firms have already submitted their reports for ELEV stocks, with Piper Sandler repeating the rating for ELEV by listing it as a “Overweight.” The predicted price for ELEV in the upcoming period, according to Piper Sandler is $10 based on the research report published on May 31, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see ELEV reach a price target of $8. The rating they have provided for ELEV stocks is “Overweight” according to the report published on May 14th, 2024.
JMP Securities gave a rating of “Mkt Outperform” to ELEV, setting the target price at $7 in the report published on March 01st of the current year.
ELEV Trading at -66.19% from the 50-Day Moving Average
After a stumble in the market that brought ELEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.14% of loss for the given period.
Volatility was left at 11.33%, however, over the last 30 days, the volatility rate increased by 8.58%, as shares sank -70.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -77.11% lower at present.
During the last 5 trading sessions, ELEV rose by +6.58%, which changed the moving average for the period of 200-days by +83.64% in comparison to the 20-day moving average, which settled at $1.5964. In addition, Elevation Oncology Inc saw 50.47% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ELEV
Current profitability levels for the company are sitting at:
- -684.45 for the present operating margin
- 0.43 for the gross margin
The net margin for Elevation Oncology Inc stands at -684.53. The total capital return value is set at -0.35. Equity return is now at value -51.87, with -35.30 for asset returns.
Based on Elevation Oncology Inc (ELEV), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at -1.4. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -8.28.
Currently, EBITDA for the company is -40.3 million with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 331.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 41.10.
Conclusion
To sum up, Elevation Oncology Inc (ELEV) 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.
