Elevation Oncology Inc (NASDAQ: ELEV) is 17.76% higher on its value in year-to-date trading and has touched a low of $0.50 and a high of $5.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ELEV stock was last observed hovering at around $0.67 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.66, the stock is -1.43% and 3.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing -1.12% at the moment leaves the stock -62.63% off its SMA200. ELEV registered -76.51% loss for a year compared to 6-month loss of -75.46%. The firm has a 50-day simple moving average (SMA 50) of $0.6406 and a 200-day simple moving average (SMA200) of $1.79425.
The stock witnessed a 5.88% gain in the last 1 month and extending the period to 3 months gives it a 13.21%, and is -8.98% 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 12.67% over the week and 14.27% over the month.
Elevation Oncology Inc (ELEV) has around 29 employees, a market worth around $39.17M and $0.00M in sales. Distance from 52-week low is 32.50% and -88.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-41.79%).
The EPS is expected to grow by 36.83% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
94.0 institutions hold shares in Elevation Oncology Inc (ELEV), with institutional investors hold 84.12% of the company’s shares. The shares outstanding are 59.12M, and float is at 52.02M with Short Float at 12.39%. Institutions hold 83.90% 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.
