ELEV has 36-month beta value of 1.24. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ELEV is 49.99M, and currently, short sellers hold a 12.30% ratio of that float. The average trading volume of ELEV on October 11, 2024 was 1.19M shares.
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ELEV) stock’s latest price update
The stock price of Elevation Oncology Inc (NASDAQ: ELEV) has dropped by -3.13 compared to previous close of 0.52. Despite this, the company has seen a fall of -3.82% in its stock price over the last five trading days. zacks.com reported 2024-10-10 that Elevation Oncology (ELEV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
ELEV’s Market Performance
ELEV’s stock has fallen by -3.82% in the past week, with a monthly drop of -17.02% and a quarterly drop of -82.61%. The volatility ratio for the week is 6.13% while the volatility levels for the last 30 days are 8.01% for Elevation Oncology Inc. The simple moving average for the past 20 days is -12.08% for ELEV’s stock, with a -81.32% simple moving average for the past 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 -34.23% 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 -91.41% of loss for the given period.
Volatility was left at 8.01%, however, over the last 30 days, the volatility rate increased by 6.13%, as shares sank -17.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -80.96% lower at present.
During the last 5 trading sessions, ELEV fell by -3.82%, which changed the moving average for the period of 200-days by +6.55% in comparison to the 20-day moving average, which settled at $0.5696. In addition, Elevation Oncology Inc saw -6.74% in overturn over a single year, with a tendency to cut further losses.
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 18.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 41.10.
Conclusion
To put it simply, Elevation Oncology Inc (ELEV) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
