Eledon Pharmaceuticals Stock Price on November 14, 2024
| ELDN Stock | USD 4.07 0.22 5.71% |
Below is the normalized historical share price chart for Eledon Pharmaceuticals extending back to September 17, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Eledon Pharmaceuticals stands at 4.07, as last reported on the 22nd of November, with the highest price reaching 4.09 and the lowest price hitting 3.81 during the day.
If you're considering investing in Eledon Stock, it is important to understand the factors that can impact its price. Eledon Pharmaceuticals appears to be moderately volatile, given 3 months investment horizon. Eledon Pharmaceuticals secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing Eledon Pharmaceuticals' technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Eledon Pharmaceuticals' Downside Deviation of 3.43, coefficient of variation of 833.46, and Mean Deviation of 3.34 to check if our risk estimates are consistent with your expectations.
As of the 22nd of November 2024, Common Stock Shares Outstanding is likely to grow to about 25.9 M, while Total Stockholder Equity is likely to drop about 60.7 M. . At this time, Eledon Pharmaceuticals' Price Book Value Ratio is very stable compared to the past year. As of the 22nd of November 2024, Price Earnings To Growth Ratio is likely to grow to 11.54, while Price To Sales Ratio is likely to drop 149.02. Eledon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of September 2014 | 200 Day MA 2.5895 | 50 Day MA 3.3137 | Beta 0.766 |
Eledon |
Sharpe Ratio = 0.135
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Estimated Market Risk
| 4.81 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Eledon Pharmaceuticals is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eledon Pharmaceuticals by adding it to a well-diversified portfolio.
Price Book 3.024 | Book Value 1.847 | Enterprise Value 152.3 M | Enterprise Value Ebitda 0.8366 | Shares Float 46.3 M |
Eledon Pharmaceuticals Main Headline on 14th of November 2024
Institutions along with individual investors who hold consid... by simplywall.st
Key Insights Eledon Pharmaceuticals significant individual investors ownership suggests that the key decisions are...
Eledon Pharmaceuticals Valuation on November 14, 2024
It is possible to determine the worth of Eledon Pharmaceuticals on a given historical date. On November 14, 2024 Eledon was worth 4.22 at the beginning of the trading date compared to the closed value of 4.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eledon Pharmaceuticals stock. Still, in general, we apply an absolute valuation method to find Eledon Pharmaceuticals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Eledon Pharmaceuticals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eledon Pharmaceuticals' related companies.
| Open | High | Low | Close | Volume | |
| 4.71 | 4.76 | 4.15 | 4.27 | 377,680 | |
11/14/2024 | 4.22 | 4.25 | 3.99 | 4.13 | 288,761 |
| 4.13 | 4.13 | 3.91 | 4.00 | 235,024 |
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Eledon Pharmaceuticals Trading Date Momentum on November 14, 2024
| On November 15 2024 Eledon Pharmaceuticals was traded for 4.00 at the closing time. The top price for the day was 4.13 and the lowest listed price was 3.91 . The trading volume for the day was 235 K. The trading history from November 15, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.15% . The overall trading delta against the current closing price is 7.02% . |
Eledon Pharmaceuticals Fundamentals Correlations and Trends
By evaluating Eledon Pharmaceuticals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eledon Pharmaceuticals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eledon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Eledon Pharmaceuticals Stock history
Eledon Pharmaceuticals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Eledon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eledon Pharmaceuticals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Eledon Pharmaceuticals stock prices may prove useful in developing a viable investing in Eledon Pharmaceuticals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 24.6 M | 25.9 M | |
| Net Loss | -31.1 M | -29.5 M |
Eledon Pharmaceuticals Quarterly Net Working Capital |
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Eledon Pharmaceuticals Stock Technical Analysis
Eledon Pharmaceuticals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Eledon Pharmaceuticals Period Price Range
Low | November 22, 2024
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0.00 | 0.00 |
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Eledon Pharmaceuticals November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Eledon Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eledon Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Eledon Pharmaceuticals stock market strength indicators, traders can identify Eledon Pharmaceuticals entry and exit signals to maximize returns
Eledon Pharmaceuticals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eledon Pharmaceuticals' price direction in advance. Along with the technical and fundamental analysis of Eledon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eledon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0988 | |||
| Jensen Alpha | 0.5634 | |||
| Total Risk Alpha | 0.0209 | |||
| Sortino Ratio | 0.1356 | |||
| Treynor Ratio | (3.83) |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eledon Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in Eledon Stock, please use our How to Invest in Eledon Pharmaceuticals guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eledon Pharmaceuticals. If investors know Eledon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eledon Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.73 | Return On Assets (0.33) | Return On Equity (0.25) |
The market value of Eledon Pharmaceuticals is measured differently than its book value, which is the value of Eledon that is recorded on the company's balance sheet. Investors also form their own opinion of Eledon Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Eledon Pharmaceuticals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eledon Pharmaceuticals' market value can be influenced by many factors that don't directly affect Eledon Pharmaceuticals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eledon Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eledon Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eledon Pharmaceuticals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.