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Elevation Oncology (ELEV)
NASDAQ:ELEV
Elevation Oncology (ELEV) Stock Price & Analysis
165 Followers
ELEV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.36 - $5.89
Previous Close$3.61
Volume272.25K
Average Volume (3M)963.38K
Market Cap
$197.24M
Enterprise Value$144.27M
Total Cash (Recent Filing)$83.11M
Total Debt (Recent Filing)$30.14M
Price to Earnings (P/E)-3.5
Beta1.31
Next Earnings
Aug 01, 2024EPS Estimate
-$0.22Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.03
Shares Outstanding54,638,262
10 Day Avg. Volume403,239
30 Day Avg. Volume963,382
Standard Deviation0.79
R-Squared0.01
Alpha0.08
Financial Highlights & Ratios
Price to Book (P/B)3.55
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-4.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.00T>
Enterprise Value/Ebitda-3.72
Forecast
1Y Price Target
$7.80Price Target Upside116.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Elevation Oncology News
PremiumCompany Announcements
Lori Hu Resigns, Darcy Mootz Joins Elevation Oncology BoardBulls Say, Bears Say
Bulls Say
Drug Development ProgressElevation Oncology's innovative antibody-drug conjugate technology is advancing with EO-3021 showing a high response rate in gastric cancer, indicating potential as a breakthrough therapy.
Financial StabilityWith a strong cash position and sufficient funding through 2026, Elevation Oncology is well-equipped to support its research and development activities.
Market OpportunityRecent successes in ADC technology and promising preclinical data suggest that Elevation Oncology's assets, including EO-3021, have significant market potential.
Bears Say
Clinical Efficacy ConcernsThe efficacy of Claudin 18.2 ADCs in U.S. trials remains uncertain, with factors like different patient demographics and toxicity profiles to consider.
Clinical Trial RisksRisks include clinical, partnership, regulatory, and commercial challenges that could impact the company's future success.
Financial PerformanceThe company reported no revenues and a net loss of $0.23 per diluted share.
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Ownership Overview
21.57% Insiders
2.83% Mutual Funds
58.10% Other Institutional Investors
17.51% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ELEV FAQ
What was Elevation Oncology’s price range in the past 12 months?
Elevation Oncology lowest stock price was $0.36 and its highest was $5.89 in the past 12 months.
What is Elevation Oncology’s market cap?
Currently, no data Available
When is Elevation Oncology’s upcoming earnings report date?
Elevation Oncology’s upcoming earnings report date is Aug 01, 2024 which is in 76 days.
How were Elevation Oncology’s earnings last quarter?
Elevation Oncology released its earnings results on May 02, 2024. The company reported -$0.23 earnings per share for the quarter, missing the consensus estimate of -$0.202 by -$0.028.
Is Elevation Oncology overvalued?
According to Wall Street analysts Elevation Oncology’s price is currently Undervalued.
Does Elevation Oncology pay dividends?
Elevation Oncology does not currently pay dividends.
What is Elevation Oncology’s EPS estimate?
Elevation Oncology’s EPS estimate is -$0.22.
How many shares outstanding does Elevation Oncology have?
Elevation Oncology has 54,638,264 shares outstanding.
What happened to Elevation Oncology’s price movement after its last earnings report?
Elevation Oncology reported an EPS of -$0.23 in its last earnings report, missing expectations of -$0.202. Following the earnings report the stock price went down -4.5%.
Which hedge fund is a major shareholder of Elevation Oncology?
Among the largest hedge funds holding Elevation Oncology’s share is Aisling Capital Management LP. It holds Elevation Oncology’s shares valued at 2M.
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Elevation Oncology Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$7.80 (116.07% Upside)
$7.80 (116.07% Upside)
Blogger Sentiment
Bullish
ELEV Sentiment 66%
Sector Average 69%
Sector Average 69%
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.3%
Last 30 Days ▲ 4.7%
Last 30 Days ▲ 4.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-5.00%
12-Months-Change
Fundamentals
Return on Equity
-71.82%
Trailing 12-Months
Asset Growth
41.70%
Trailing 12-Months
Company Description
Elevation Oncology
Elevation Oncology Inc is an oncology company focused on the development of targeted therapeutics for the treatment of cancer in genomically defined patient populations. Its lead program is focused on neuregulin-1, or NRG1, fusions, which are rare genomic alterations that have the potential to be therapeutically actionable through targeted HER3 inhibition.
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ELEV Stock 12 Month Forecast
Average Price Target
$7.80
▲(116.07% Upside)
Technical Analysis
Best Analysts Covering ELEV
1 Year
1 Year Success Rate
3/6 ratings generated profit
1 Year Average Return
+190.00%
reiterated a buy rating 14 days ago
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