Eledon Pharmaceuticals Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $3.35 on 05/20/24, and the lowest price during the same period was recorded at $1.07 on 11/09/23.
52-week price history of ELDN Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Eledon Pharmaceuticals Inc’s current trading price is -6.54% away from its 52-week high, while its distance from the 52-week low is 192.52%. The stock’s price range during this period has fluctuated between $1.07 and $3.35. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 0.84 million for the day, which was evidently higher than the average daily volume of 0.2 million over the last three months.
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Financial Performance and Market Capitalization
Eledon Pharmaceuticals Inc (ELDN) has experienced a quarterly rise of 54.95% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 120.54M and boasts a workforce of 20 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.29, with a change in price of +1.29. Similarly, Eledon Pharmaceuticals Inc recorded 175,983 in trading volume during the last 100 days, posting a change of +70.11%.
ELDN Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ELDN stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
ELDN Stock Stochastic Average
Eledon Pharmaceuticals Inc’s raw stochastic average for the past 50 days is currently at 83.77%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 88.30%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 81.55% and 74.35%, respectively.
ELDN Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 73.89% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 79.89%. Over the past 30 days, the price of ELDN has fallen by 14.65%. And in the last five days, it has surged by 10.60%.
