Longeveron Inc. [NASDAQ: LGVN] gained 15.16% or 0.37 points to close at $2.81 with a heavy trading volume of 4304135 shares. The company report on August 29, 2023 at 8:00 AM that Longeveron to Participate in the 149th Annual National Investment Banking Association Conference.
Wa’el Hashad, Chief Executive Officer of Longeveron, will give a presentation highlighting the Company’s cellular therapy programs, and the Company’s executive management team will attend to discuss clinical trial progress and investment strategies.
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It opened the trading session at $2.80, the shares rose to $3.56 and dropped to $2.5313, the range by which the price of stock traded the whole day. The daily chart for LGVN points out that the company has recorded -21.94% loss over the past six months. However, it is still -24.34% lower than its most recent low trading price.
If we look at the average trading volume of 35.09K shares, LGVN reached to a volume of 4304135 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Longeveron Inc. [LGVN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LGVN shares is $14.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LGVN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Longeveron Inc. is set at 0.28, with the Price to Sales ratio for LGVN stock in the period of the last 12 months amounting to 64.01. The Price to Book ratio for the last quarter was 5.30, with the Price to Cash per share for the same quarter was set at 0.42.
Trading performance analysis for LGVN stock
Longeveron Inc. [LGVN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.51. With this latest performance, LGVN shares dropped by -19.25% in over the last four-week period, additionally sinking by -21.94% over the last 6 months – not to mention a drop of -45.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LGVN stock in for the last two-week period is set at 47.67, with the RSI for the last a single of trading hit 52.51, and the three-weeks RSI is set at 45.99 for Longeveron Inc. [LGVN]. The present Moving Average for the last 50 days of trading for this stock 3.17, while it was recorded at 2.50 for the last single week of trading, and 3.31 for the last 200 days.
Longeveron Inc. [LGVN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Longeveron Inc. [LGVN] shares currently have an operating margin of -1476.51 and a Gross Margin at -32.41. Longeveron Inc.’s Net Margin is presently recorded at -1541.33.
Return on Total Capital for LGVN is now -56.47, given the latest momentum, and Return on Invested Capital for the company is -59.98. Return on Equity for this stock declined to -64.77, with Return on Assets sitting at -53.52. When it comes to the capital structure of this company, Longeveron Inc. [LGVN] has a Total Debt to Total Equity ratio set at 12.64. Additionally, LGVN Total Debt to Total Capital is recorded at 11.22, with Total Debt to Total Assets ending up at 9.47. Long-Term Debt to Equity for the company is recorded at 9.91, with the Long-Term Debt to Total Capital now at 8.79.
Reflecting on the efficiency of the workforce at the company, Longeveron Inc. [LGVN] managed to generate an average of -$991,316 per employee. Receivables Turnover for the company is 8.95 with a Total Asset Turnover recorded at a value of 0.03.Longeveron Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.
An analysis of Institutional ownership at Longeveron Inc. [LGVN]
The top three institutional holders of LGVN stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in LGVN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in LGVN stock with ownership which is approximately 5.7381%.
