Elevation Oncology Inc [ELEV] stock prices are up 12.68% to $4.00 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ELEV shares have gain 3.09% over the last week, with a monthly amount drifted -22.03%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Elevation Oncology Inc [NASDAQ: ELEV] stock has seen the most recent analyst activity on March 01, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $7. Previously, SVB Securities upgraded its rating to Outperform on May 30, 2023, and elevated its price target to $8. On December 23, 2021, H.C. Wainwright initiated with a Buy rating and assigned a price target of $12 on the stock.
The stock price of Elevation Oncology Inc [ELEV] has been fluctuating between $0.36 and $5.89 over the past year. Elevation Oncology Inc [NASDAQ: ELEV] shares were valued at $4.00 at the most recent close of the market.
Analyzing the ELEV fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.51, Equity is -0.82 and Total Capital is -0.53. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.46 points at the first support level, and at 2.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.51, and for the 2nd resistance point, it is at 5.02.
Elevation Oncology Inc [ELEV] reported earnings per share of -$0.19 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.24/share, meaning a difference of $0.05 and a surprise factor of 20.80%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.25 per share as compared to estimates of -$0.32 per share, a difference of $0.07 representing a surprise of 21.90%.
Ratios To Look Out For
It’s worth pointing out that Elevation Oncology Inc [NASDAQ:ELEV]’s Current Ratio is 21.22. In addition, the Quick Ratio stands at 21.22 and the Cash Ratio stands at 11.88.
