Velan Inc Stock Price on June 26, 2024
| VLN Stock | CAD 11.61 0.64 5.83% |
Below is the normalized historical share price chart for Velan Inc extending back to September 18, 1996. 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 Velan stands at 11.61, as last reported on the 25th of November, with the highest price reaching 11.65 and the lowest price hitting 10.82 during the day.
If you're considering investing in Velan Stock, it is important to understand the factors that can impact its price. Velan is somewhat reliable given 3 months investment horizon. Velan Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the firm had a 0.28% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Velan Inc Semi Deviation of 1.95, risk adjusted performance of 0.2219, and Coefficient Of Variation of 358.4 to evaluate company specific risk that cannot be diversified away.
As of the 25th of November 2024, Total Stockholder Equity is likely to grow to about 270.3 M, while Common Stock Shares Outstanding is likely to drop about 17.8 M. . At this time, Velan's Price Fair Value is very stable compared to the past year. Velan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 6.7954 | 50 Day MA 9.741 | Beta 0.772 |
Velan |
Sharpe Ratio = 0.2753
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | VLN | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.74 actual daily | 33 67% of assets are more volatile |
Expected Return
| 1.03 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 21 79% of assets perform better |
Based on monthly moving average Velan is performing at about 21% 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 Velan by adding it to a well-diversified portfolio.
Price Book 0.9879 | Enterprise Value Ebitda 10.9824 | Price Sales 0.6683 | Shares Float 4.6 M | Wall Street Target Price 14 |
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Velan Valuation on June 26, 2024
It is possible to determine the worth of Velan on a given historical date. On June 26, 2024 Velan was worth 5.85 at the beginning of the trading date compared to the closed value of 5.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Velan stock. Still, in general, we apply an absolute valuation method to find Velan's 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 Velan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Velan's related companies.
| Open | High | Low | Close | Volume | |
| 5.90 | 5.94 | 5.87 | 5.87 | 1,651 | |
06/26/2024 | 5.85 | 5.93 | 5.85 | 5.93 | 11,450 |
| 5.94 | 5.95 | 5.92 | 5.92 | 15,508 |
| Backtest Velan | | | Velan History | | | Velan Valuation | Previous | Next |
Velan Trading Date Momentum on June 26, 2024
| On June 27 2024 Velan Inc was traded for 5.92 at the closing time. The maximum traded price for the trading interval was 5.95 and the lowest daily price was 5.92 . The daily volume was recorded at 15.5 K. The volume of trading on 27th of June 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 0.17% . The trading price change to the closing price today is 1.18% . |
Velan Inc Fundamentals Correlations and Trends
By evaluating Velan's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Velan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Velan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Velan Stock history
Velan 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 Velan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Velan Inc 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 Velan stock prices may prove useful in developing a viable investing in Velan
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 19.4 M | 17.8 M | |
| Net Loss | -16.4 M | -15.6 M |
Velan Quarterly Net Working Capital |
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Velan Stock Technical Analysis
Velan 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
Velan Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Velan Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Velan November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Velan stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Velan shares will generate the highest return on investment. By undertsting and applying Velan stock market strength indicators, traders can identify Velan Inc entry and exit signals to maximize returns
Velan Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Velan's price direction in advance. Along with the technical and fundamental analysis of Velan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Velan 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 | 0.2219 | |||
| Jensen Alpha | 0.9948 | |||
| Total Risk Alpha | 0.4336 | |||
| Sortino Ratio | 0.3016 | |||
| Treynor Ratio | 8.9 |
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Other Information on Investing in Velan Stock
Velan financial ratios help investors to determine whether Velan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Velan with respect to the benefits of owning Velan security.