Longeveron Inc (NASDAQ: LGVN) is -82.28% lower on its value in year-to-date trading and has touched a low of $0.77 and a high of $35.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LGVN stock was last observed hovering at around $2.57 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $2.41, the stock is -10.53% and -11.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -6.23% at the moment leaves the stock -63.60% off its SMA200. LGVN registered -90.44% loss for a year compared to 6-month loss of -55.37%.
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The stock witnessed a -29.94% gain in the last 1 month and extending the period to 3 months gives it a 119.09%, and is 2.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.60% over the week and 10.88% over the month.
Longeveron Inc (LGVN) has around 25 employees, a market worth around $15.30M and $1.23M in sales. Profit margin for the company is -2270.46%. Distance from 52-week low is 212.70% and -93.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-173.85%).
The EPS is expected to grow by 71.27% this year.
Longeveron Inc (LGVN) Top Institutional Holders
21.0 institutions hold shares in Longeveron Inc (LGVN), with institutional investors hold 2.89% of the company’s shares. The shares outstanding are 6.35M, and float is at 4.61M with Short Float at 29.90%. Institutions hold 2.57% of the Float.
The top institutional shareholder in the company is RENAISSANCE TECHNOLOGIES LLC with over 0.15 million shares valued at $0.24 million. The investor’s holdings represent 5.8363% of the LGVN Shares outstanding. As of 2024-06-30, the second largest holder is TWO SIGMA INVESTMENTS, LP with 46041.0 shares valued at $74126.0 to account for 1.8317 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 30994.0 shares representing 1.2331% and valued at over $49902.0, while CAPITAL INVESTMENT ADVISORY SERVICES, LLC holds 1.0553 of the shares totaling 26525.0 with a market value of $42705.0.
Longeveron Inc (LGVN) Insider Activity
The most recent transaction is an insider purchase by Hare Joshua, the company’s Chief Scientific Officer. SEC filings show that Hare Joshua bought 106,383 shares of the company’s common stock on Apr 10 ’24 at a price of $2.35 per share for a total of $0.25 million. Following the purchase, the insider now owns 0.59 million shares.
Longeveron Inc disclosed in a document filed with the SEC on Apr 11 ’24 that Hare Joshua (Chief Scientific Officer) bought a total of 42,553 shares of the company’s common stock. The trade occurred on Apr 11 ’24 and was made at $2.35 per share for $100000.0. Following the transaction, the insider now directly holds 0.63 million shares of the LGVN stock.
Still, SEC filings show that on Apr 11 ’24, Hashad Mohamed Wa’el Ahmed (Chief Executive Officer) acquired 10,638 shares at an average price of $2.35 for $24999.0. The insider now directly holds 19,616 shares of Longeveron Inc (LGVN).
