Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Eledon Pharmaceuticals Inc’s current trading price is -14.08% away from its 52-week high, while its distance from the 52-week low is 325.00%. The stock’s price range over this period has fluctuated between $1.12 and $5.54. The company, operating within the financial sector, had a trading volume of approximately 0.81 million for the day, which was noticeably higher than the average daily share volume of 0.39 million over the last 3 months.
Eledon Pharmaceuticals Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $5.54 on 11/01/24, while the lowest price for the same period was registered at $1.12 on 12/04/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Eledon Pharmaceuticals Inc (ELDN) has experienced a quarterly rise of 84.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 284.36M and boasts a workforce of 20 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.18, with a change in price of +2.22. Similarly, Eledon Pharmaceuticals Inc recorded 288,077 in trading volume during the last 100 days, posting a change of +87.40%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ELDN stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.00.
ELDN Stock Stochastic Average
Today’s raw stochastic average for Eledon Pharmaceuticals Inc over the last 50 days is 75.36%.This indicates a increase from the raw stochastic average of the past 20 days, which was 60.98%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 49.28% and 41.06%, respectively.
ELDN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 164.44%.However, over the last six months, we can see a weaker performance of 65.85%. Over the last 30 days, the price of ELDN has leaped by -10.19%. And in the last five days, it has surged by 18.70%.
