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ELDN
Stock ticker: NASDAQ
AS OF
Dec 18, 12:08 PM (EDT)
Price
$4.28
Change
-$0.22 (-4.89%)
Capitalization
268.83M

ELDN Eledon Pharmaceuticals Forecast, Technical & Fundamental Analysis

a developer of pharmaceuticals

Industry Biotechnology
ELDN
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for ELDN with price predictions
Dec 17, 2024

ELDN sees MACD Histogram just turned negative

ELDN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 12, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 50 instances where the indicator turned negative. In of the 50 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for ELDN moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 25 similar instances where the indicator moved out of overbought territory. In of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ELDN as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ELDN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ELDN broke above its upper Bollinger Band on December 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 71 cases where ELDN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ELDN advanced for three days, in of 251 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 102 cases where ELDN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ELDN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.535) is normal, around the industry mean (14.664). P/E Ratio (6.164) is within average values for comparable stocks, (87.689). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.783). ELDN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.012). P/S Ratio (0.000) is also within normal values, averaging (260.687).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ELDN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.

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ELDN
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

ELDN is expected to report earnings to fall 8.84% to -29 cents per share on March 27

Eledon Pharmaceuticals ELDN Stock Earnings Reports
Q4'24
Est.
$-0.29
Q3'24
Est.
$-0.32
Q2'24
Missed
by $0.09
Q1'24
Missed
by $0.02
Q4'23
Beat
by $0.04
The last earnings report on November 13 showed earnings per share of -31 cents, meeting the estimate of -31 cents. With 24.51K shares outstanding, the current market capitalization sits at 268.83M.
A.I. Advisor
published General Information

General Information

a developer of pharmaceuticals

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Pharmaceuticals Major
Address
19900 MacArthur Boulevard
Phone
+1 949 238-8090
Employees
20
Web
https://www.eledon.com
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ELDN and Stocks

Correlation & Price change

A.I.dvisor tells us that ELDN and MDGL have been poorly correlated (+29% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ELDN and MDGL's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ELDN
1D Price
Change %
ELDN100%
+0.67%
MDGL - ELDN
29%
Poorly correlated
-1.58%
JSPR - ELDN
28%
Poorly correlated
+4.66%
FATE - ELDN
28%
Poorly correlated
-6.00%
CRSP - ELDN
26%
Poorly correlated
+0.88%
CYTK - ELDN
25%
Poorly correlated
-2.53%
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