Eledon Pharmaceuticals, Inc. (NASDAQ:ELDN – Get Rating) – Research analysts at SVB Leerink upped their FY2023 earnings per share (EPS) estimates for shares of Eledon Pharmaceuticals in a research note issued on Tuesday, January 10th. SVB Leerink analyst T. Smith now forecasts that the company will earn ($1.80) per share for the year, up from their prior forecast of ($2.00). The consensus estimate for Eledon Pharmaceuticals' current full-year earnings is ($2.61) per share. SVB Leerink also issued estimates for Eledon Pharmaceuticals' FY2024 earnings at ($1.87) EPS, FY2025 earnings at ($2.08) EPS and FY2026 earnings at ($1.97) EPS.
Get Eledon Pharmaceuticals alerts:Eledon Pharmaceuticals (NASDAQ:ELDN – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The company reported ($0.73) EPS for the quarter, missing analysts' consensus estimates of ($0.68) by ($0.05).
Separately, HC Wainwright reissued a "buy" rating on shares of Eledon Pharmaceuticals in a report on Thursday, December 15th.Eledon Pharmaceuticals Stock Performance
Shares of ELDN opened at $2.87 on Thursday. The stock's 50-day simple moving average is $2.50 and its 200 day simple moving average is $2.81. The stock has a market capitalization of $39.41 million, a price-to-earnings ratio of -1.08 and a beta of 1.81. Eledon Pharmaceuticals has a 52-week low of $2.03 and a 52-week high of $5.14.
Institutional Trading of Eledon Pharmaceuticals
A number of institutional investors have recently added to or reduced their stakes in ELDN. CM Management LLC increased its stake in Eledon Pharmaceuticals by 8.9% in the 3rd quarter. CM Management LLC now owns 245,000 shares of the company's stock worth $676,000 after acquiring an additional 20,000 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Eledon Pharmaceuticals in the 3rd quarter worth about $50,000. Renaissance Technologies LLC increased its stake in Eledon Pharmaceuticals by 74.2% in the 2nd quarter. Renaissance Technologies LLC now owns 32,173 shares of the company's stock worth $79,000 after acquiring an additional 13,700 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in Eledon Pharmaceuticals by 13.2% in the 3rd quarter. Ensign Peak Advisors Inc now owns 87,286 shares of the company's stock worth $241,000 after acquiring an additional 10,186 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Eledon Pharmaceuticals by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 679,243 shares of the company's stock worth $2,676,000 after acquiring an additional 9,543 shares during the last quarter. Hedge funds and other institutional investors own 45.59% of the company's stock.
Eledon Pharmaceuticals Company Profile
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Eledon Pharmaceuticals, Inc, clinical stage biopharmaceutical company, focuses on developing medicines for the patients living with autoimmune disease and amyotrophic lateral sclerosis (ALS), and requiring an organ or cell-based transplant. Its lead product candidate includes AT-1501, a humanized monoclonal antibody to target CD40 Ligand that is a molecule expressed on the surface of human immune system T cells, which is in Phase 2a clinical trials for the treatment of ALS, and Phase 2 clinical trials in islet cell transplantation for the treatment of type 1 diabetes.
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