At the time of writing, Eledon Pharmaceuticals Inc [ELDN] stock is trading at $1.76, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ELDN shares have lost -14.56% over the last week, with a monthly amount drifted -38.25%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Guggenheim started tracking the stock with Buy rating on January 28, 2025, and set its price target to $9. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $25 on March 23, 2021.
For the past year, the stock price of Eledon Pharmaceuticals Inc fluctuated between $1.43 and $5.08. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Eledon Pharmaceuticals Inc [NASDAQ: ELDN] shares were valued at $1.76 at the most recent close of the market. An investor can expect a potential return of 411.36% based on the average ELDN price forecast.
Analyzing the ELDN fundamentals
Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -225.16%, Pretax Profit Margin comes in at -206.66%, and Net Profit Margin reading is -207.78%. To continue investigating profitability, this company’s Return on Assets is posted at -0.61, Equity is -0.85 and Total Capital is -0.75. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 1.6767 points at the first support level, and at 1.5933 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8367, and for the 2nd resistance point, it is at 1.9133.
Ratios To Look Out For
It is important to note that Eledon Pharmaceuticals Inc [NASDAQ:ELDN] has a current ratio of 6.74. Also, the Quick Ratio is 6.74, while the Cash Ratio stands at 0.26.
