Eledon Pharmaceuticals Stock Price on November 5, 2024

ELDN Stock  USD 4.36  0.14  3.32%   
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 4.36, as last reported on the 22nd of December, with the highest price reaching 4.42 and the lowest price hitting 3.95 during the day.
IPO Date
17th of September 2014
200 Day MA
2.8783
50 Day MA
4.1234
Beta
0.766
 
Yuan Drop
 
Covid
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 0.19, which denotes the company had a 0.19% return per unit of risk over the last 3 months. By reviewing Eledon Pharmaceuticals' technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please utilize Eledon Pharmaceuticals' Downside Deviation of 4.23, mean deviation of 3.83, and Coefficient Of Variation of 520.06 to check if our risk estimates are consistent with your expectations.
  
As of the 22nd of December 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 December 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.

Sharpe Ratio = 0.1877

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Estimated Market Risk

 5.07
  actual daily
45
55% of assets are more volatile

Expected Return

 0.95
  actual daily
18
82% of assets have higher returns

Risk-Adjusted Return

 0.19
  actual daily
14
86% of assets perform better
Based on monthly moving average Eledon Pharmaceuticals is performing at about 14% 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
3.4088
Book Value
1.847
Enterprise Value
181.6 M
Enterprise Value Ebitda
0.8366
Shares Float
46.3 M

Eledon Pharmaceuticals Main Headline on 5th of November 2024

Clarity Capital Partners LLC bought a new position in shares of Eledon Pharmaceuticals, Inc. during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,500 shares of the companys stock, valued at approximately 29,000. A number of other hedge

Eledon Pharmaceuticals Valuation on November 5, 2024

It is possible to determine the worth of Eledon Pharmaceuticals on a given historical date. On November 5, 2024 Eledon was worth 4.82 at the beginning of the trading date compared to the closed value of 4.99. 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
  5.35    5.44    4.59    4.83    602,267  
11/05/2024
  4.82    5.38    4.76    4.99    386,871  
  5.10    5.40    5.01    5.07    338,657  
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Open Value
4.82
4.99
Closing Value
20.04
Upside

Eledon Pharmaceuticals Trading Date Momentum on November 5, 2024

On November 06 2024 Eledon Pharmaceuticals was traded for  5.07  at the closing time. The top price for the day was 5.40  and the lowest listed price was  5.01 . The trading volume for the day was 338.7 K. The trading history from November 6, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 1.60% . The overall trading delta against the current closing price is 17.23% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding24.6 M25.9 M
Net Loss-31.1 M-29.5 M

Eledon Pharmaceuticals Quarterly Net Working Capital

81.2 Million

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.
A focus of Eledon Pharmaceuticals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eledon Pharmaceuticals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Eledon Pharmaceuticals Period Price Range

Low
December 22, 2024
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High

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Eledon Pharmaceuticals December 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.
When determining whether Eledon Pharmaceuticals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eledon Pharmaceuticals' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eledon Pharmaceuticals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eledon Pharmaceuticals Stock:
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.