Longeveron Inc (NASDAQ: LGVN)’s stock price has dropped by -3.34 in relation to previous closing price of 2.12. Nevertheless, the company has seen a loss of -6.86% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-12 that Longeveron, Inc. (NASDAQ:LGVN ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Derek Cole – IR, Advisory Solutions Wa’el Hashad – CEO Nataliya Agafonova – CMO Lisa Locklear – CFO Joshua Hare – Co-Founder, Chief Science Officer & Chairman Conference Call Participants Boobalan Pachaiyappan – ROTH Capital Partners Operator Ladies and gentlemen, greetings and welcome to the Longeveron Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Longeveron Inc (NASDAQ: LGVN) Right Now?
The 36-month beta value for LGVN is at 0.32. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LGVN is 4.57M, and currently, shorts hold a 27.94% of that float. The average trading volume for LGVN on November 14, 2024 was 615.58K shares.
LGVN’s Market Performance
The stock of Longeveron Inc (LGVN) has seen a -6.86% decrease in the past week, with a 2.45% rise in the past month, and a -12.80% fall in the past quarter. The volatility ratio for the week is 7.26%, and the volatility levels for the past 30 days are at 8.19% for LGVN. The simple moving average for the past 20 days is -4.87% for LGVN’s stock, with a -23.69% simple moving average for the past 200 days.
LGVN Trading at 0.57% 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 -91.43% of loss for the given period.
Volatility was left at 8.19%, however, over the last 30 days, the volatility rate increased by 7.26%, as shares sank -8.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.02% lower at present.
During the last 5 trading sessions, LGVN fell by -7.73%, which changed the moving average for the period of 200-days by -62.34% in comparison to the 20-day moving average, which settled at $2.15. In addition, Longeveron Inc saw -84.93% 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 106,383 shares at the price of $2.35 back on Apr 10 ’24. After this action, Hare Joshua now owns 590,727 shares of Longeveron Inc, valued at $250,000 using the latest closing price.
Hare Joshua, the Chief Scientific Officer of Longeveron Inc, purchase 42,553 shares at $2.35 during a trade that took place back on Apr 11 ’24, which means that Hare Joshua is holding 633,280 shares at $100,000 based on the most recent closing price.
Stock Fundamentals for LGVN
Current profitability levels for the company are sitting at:
- -9.55 for the present operating margin
- 0.47 for the gross margin
The net margin for Longeveron Inc stands at -9.76. The total capital return value is set at -0.66. Equity return is now at value -110.75, with -86.07 for asset returns.
Based on Longeveron Inc (LGVN), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -23.53. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -256.22.
Currently, EBITDA for the company is -20.06 million with net debt to EBITDA at 1.31. When we switch over and look at the enterprise to sales, we see a ratio of 3.93. The receivables turnover for the company is 4.87for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.67.
Conclusion
In conclusion, Longeveron Inc (LGVN) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
