Longeveron Inc (NASDAQ: LGVN) Now $0.77 Higher From Its Low (1.86), Does It Still Have A Growth Story?

Longeveron Inc (NASDAQ:LGVN) currently has a daily average trading volume of 10.72M but it saw 2095098 shares traded in last market. With a market cap of 16.70M USD, the company’s current market price of $2.63 came rising about 2.73 while comparing to the previous closing price of $2.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $35.60 and as low as $0.77. In the recent trading on the day, stock has struck highest price mark of $2.52 while lowest mark touched by it was $2.86.

Taking a look at 20-day trading activity of Longeveron Inc (LGVN) gives us an average price of $2.74, while its current price level is -92.61% below from 52-week high level whereas it is 241.25% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.70 while that of 200 days or SMA-200 reads an average of $6.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.98% during that period while stretching the period over a month that increases to 11.05%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.29 which implies that the stock is in neutral territory.

Over the week, LGVN’s stock price is moving 6.91% up while it is -17.03% when we observe its performance for the past one month. Year-to-date it is -80.66% down and over the past year, the stock is showing a downside performance of -90.51%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -2.8 beaten by the consensus estimate of -2.25 for the same. The company is expected to be releasing its next quarterly report on 2024-Aug-14, for which analysts forecasted an EPS of -0.53 while estimate for next year EPS is -3.89. In next quarter, company is expected to be making quarterly sales of $350k as analysts are expecting the sales for current fiscal year at $1.72M and seeing the company making $1.45M in sales next year. Moreover, analysts are in estimates of $330k for current-quarter revenue.

Currently, Longeveron Inc’s total number of outstanding shares is 6.35M with 9.37% of that held by the insiders while 2.57% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -173.85% and return on equity (ROE) at -141.62%. Stock’s beta reads 0.40. Stock has a price to book (P/B) ratio of 1.69 while price to sale or P/S ratio amounts to 13.58. Its return on asset (ROA) is -101.71% on average.