Elevation Oncology Inc (NASDAQ: ELEV) is -86.33% lower on its value in year-to-date trading and has touched a low of $0.22 and a high of $3.09 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 $0.37 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.37, the stock is -3.08% and 3.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.79 million and changing -2.12% at the moment leaves the stock -25.38% off its SMA200. ELEV registered -35.12% loss for a year compared to 6-month loss of -48.69%. The firm has a 50-day simple moving average (SMA 50) of $0.35436 and a 200-day simple moving average (SMA200) of $0.48923.
The stock witnessed a -4.20% gain in the last 1 month and extending the period to 3 months gives it a -3.46%, and is -3.62% 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 2.67% over the week and 2.75% over the month.
Elevation Oncology Inc (ELEV) has around 34 employees, a market worth around $21.61M and $0.00M in sales. Distance from 52-week low is 65.16% and -88.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.53%).
The EPS is expected to grow by 8.28% 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.
Elevation Oncology Inc (ELEV) Top Institutional Holders
92.0 institutions hold shares in Elevation Oncology Inc (ELEV), with institutional investors hold 59.94% of the company’s shares. The shares outstanding are 59.22M, and float is at 53.00M with Short Float at 3.93%. Institutions hold 59.73% 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.
