Eledon Pharmaceuticals Inc (NASDAQ: ELDN) is -32.52% lower on its value in year-to-date trading and has touched a low of $2.30 and a high of $5.54 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 ELDN stock was last observed hovering at around $2.81 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.78, the stock is -7.60% and -8.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing -1.07% at the moment leaves the stock -22.80% off its SMA200. ELDN registered -8.25% loss for a year compared to 6-month loss of -36.53%.
The stock witnessed a -8.55% gain in the last 1 month and extending the period to 3 months gives it a -21.91%, and is -7.33% 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 2.04% over the week and 2.63% over the month.
Eledon Pharmaceuticals Inc (ELDN) has around 31 employees, a market worth around $166.47M and $0.00M in sales. Distance from 52-week low is 20.87% and -49.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-36.12%).
The EPS is expected to shrink by -18.67% this year
The shares outstanding are 59.88M, and float is at 55.34M with Short Float at 2.63%.
The top institutional shareholder in the company is BVF INC/IL with over 6.29 million shares valued at $16.61 million. The investor’s holdings represent 14.8853 of the ELDN Shares outstanding. As of 2024-06-30, the second largest holder is ARMISTICE CAPITAL, LLC with 2.34 million shares valued at $6.17 million to account for 5.5253 of the shares outstanding. The other top investors are ZIMMER PARTNERS, LP which holds 2.11 million shares representing 4.99 and valued at over $5.57 million, while SCHONFELD STRATEGIC ADVISORS LLC holds 3.5479 of the shares totaling 1.5 million with a market value of $3.96 million.
