Longeveron Inc (NASDAQ:LGVN) traded at $2.20 at close of the session on Friday, April 05, made an upward move of 8.37% on its previous day’s price.
Looking at the stock we see that its previous close was $2.03 . In terms of its 52-week price range, LGVN has a high of $44.00 and a low of $2.02. The company’s stock has lost about -58.49% over that past 30 days.
Longeveron Inc has a market cap of $5.54 million. Estimates by analysts give the company expected earnings per share (EPS) of -$2.7, with the EPS growth for the year raised at -$7.1 for 2024 and -$5.55 for next year. These figures represent 30.40% and 21.80% growth in EPS for the two years respectively.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LGVN stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -43.81% off its SMA20 and -55.60% from its 50-day simple moving average. The RSI (14) is pointing at 22.61 while the volatility over the past week is 18.54% and jumps to 13.37% over the past one month. The beta value is 0.34, while the average true range (ATR) is currently pointing at 0.48.
Coming back to Longeveron Inc (NASDAQ:LGVN), we note that the average 3-month trading volume was 39.50K, while that of the preceding 10-day period stands at 0.34 million. Current shares outstanding are 1.03 million.
The insiders hold 63.95% of the company’s shares while institutions hold 10.00%. The data shows that short shares as of Mar 15, 2024, stood at 15400.0 at a short ratio of 1.14. This represents a 0.61% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 28440.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -83.82% down in year-to-date price movement.
