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Here is a breakdown of major shareholders in Elevation Oncology Inc (NASDAQ: ELEV)

Elevation Oncology Inc (NASDAQ: ELEV) is -6.74% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $5.83 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 ELEV stock was last observed hovering at around $0.52 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $0.50, the stock is -12.08% and -34.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing -3.13% at the moment leaves the stock -81.32% off its SMA200. ELEV registered -21.75% loss for a year compared to 6-month loss of -89.86%. The firm has a 50-day simple moving average (SMA 50) of $0.7614 and a 200-day simple moving average (SMA200) of $2.68031.

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The stock witnessed a -17.02% gain in the last 1 month and extending the period to 3 months gives it a -82.61%, and is -3.82% down 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 6.13% over the week and 8.01% over the month.

Elevation Oncology Inc (ELEV) has around 29 employees, a market worth around $29.60M and $0.00M in sales. Distance from 52-week low is 37.96% and -91.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.50%).

The EPS is expected to grow by 41.26% this year

106.0 institutions hold shares in Elevation Oncology Inc (ELEV), with institutional investors hold 104.71% of the company’s shares. The shares outstanding are 59.11M, and float is at 49.99M with Short Float at 12.30%. Institutions hold 104.45% of the Float.

The top institutional shareholder in the company is LOGOS GLOBAL MANAGEMENT LP with over 3.85 million shares valued at $10.39 million. The investor’s holdings represent 6.5234 of the ELEV Shares outstanding. As of 2024-06-30, the second largest holder is FARALLON CAPITAL MANAGEMENT LLC with 3.6 million shares valued at $9.72 million to account for 6.0971 of the shares outstanding. The other top investors are TANG CAPITAL MANAGEMENT LLC which holds 3.06 million shares representing 5.1848 and valued at over $8.26 million, while FRAZIER LIFE SCIENCES MANAGEMENT, L.P. holds 5.013 of the shares totaling 2.96 million with a market value of $7.99 million.

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