Taking On Challenges And Growing? – Elevation Oncology Inc (ELEV)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Elevation Oncology Announces Program Updates and Upcoming 2024 Milestones.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $2.56 and fluctuated between $3.2000 as its day high and $2.4600 as its day low. The current market capitalization of Elevation Oncology Inc is $108.57M. A total of 7.04 million shares were traded on the day, compared to an average of 2.03M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ELEV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 3 BUYs and 4 SELLs from insiders. Insiders purchased 37,688 shares during that period but sold 30,096.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ELEV has a high of $5.89 and a low of $0.36.

As of this writing, ELEV has an earnings estimate of -$0.23 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.29. The company reported an EPS of -$0.37 in the last quarter, which was -15.60% lower than expectations of -$0.32.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ELEV’s latest balance sheet shows that the firm has $146.28M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $1.47, while its Total Shareholder’s Equity was $140.70M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ELEV is Buy with a score of 5.00.

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