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ELEVAI Labs Inc. ( (ELAB) ) has shared an announcement.
On June 16, 2025, PMGC Holdings Inc. announced the signing of a non-binding Letter of Intent to acquire a California-based CNC machining company with over 35 years of operational history, specializing in precision milling, turning, and mold manufacturing for aerospace, defense, and industrial markets. This acquisition aligns with PMGC’s strategy to enhance its portfolio with U.S.-based, cash-flow-positive manufacturing businesses, leveraging recent geopolitical dynamics and federal legislation to strengthen American manufacturing capabilities.
Spark’s Take on ELAB Stock
According to Spark, TipRanks’ AI Analyst, ELAB is a Underperform.
ELEVAI Labs Inc. is rated poorly due to major financial weaknesses, including negative revenue and cash flow issues, which are exacerbated by adverse technical indicators. The lack of favorable valuation metrics further weighs down the stock’s score. The absence of applicable corporate events means no positive catalysts are present to offset these challenges.
To see Spark’s full report on ELAB stock, click here.
More about ELEVAI Labs Inc.
PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Its portfolio includes subsidiaries like Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC.
Average Trading Volume: 1,074,773
Technical Sentiment Signal: Sell
Current Market Cap: $2.83M
See more data about ELAB stock on TipRanks’ Stock Analysis page.