Positive News SentimentPositive NewsNASDAQ:ELEV Elevation Oncology (ELEV) Stock Forecast, Price & News $0.69 +0.04 (+6.15%) (As of 09/26/2023 ET) Add Compare Share Share Today's Range$0.65▼$0.7350-Day Range$0.65▼$1.5652-Week Range$0.64▼$5.89Volume92,772 shsAverage Volume924,563 shsMarket Capitalization$29.24 millionP/E RatioN/ADividend YieldN/APrice Target$4.67 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Elevation Oncology MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside576.4% Upside$4.67 Price TargetShort InterestHealthy5.16% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($1.56) to ($1.22) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.03 out of 5 starsMedical Sector543rd out of 964 stocksBiological Products, Except Diagnostic Industry85th out of 159 stocks 3.3 Analyst's Opinion Consensus RatingElevation Oncology has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.67, Elevation Oncology has a forecasted upside of 576.4% from its current price of $0.69.Amount of Analyst CoverageElevation Oncology has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.16% of the float of Elevation Oncology has been sold short.Short Interest Ratio / Days to CoverElevation Oncology has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Elevation Oncology has recently decreased by 4.72%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldElevation Oncology does not currently pay a dividend.Dividend GrowthElevation Oncology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ELEV. Previous Next 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Elevation Oncology this week, compared to 0 articles on an average week.Search Interest14 people have searched for ELEV on MarketBeat in the last 30 days. This is an increase of 180% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Elevation Oncology insiders have not sold or bought any company stock.Percentage Held by Insiders14.90% of the stock of Elevation Oncology is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions83.70% of the stock of Elevation Oncology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Elevation Oncology are expected to grow in the coming year, from ($1.56) to ($1.22) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Elevation Oncology is -0.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Elevation Oncology is -0.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioElevation Oncology has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Elevation Oncology (NASDAQ:ELEV) StockElevation Oncology, Inc., an oncology company, focuses on the discovery and development of cancer therapies to treat patients across a range of solid tumors with significant unmet medical needs. The company's lead candidate is EO-3021, an antibody-drug conjugate designed to target Claudin 18.2, a clinically validated molecular target. Its EO-3021 selectively delivers a cytotoxic payload directly to cancer cells expressing Claudin 18.2. Elevation Oncology, Inc. has a license agreement with CSPC Megalith Biopharmaceutical Co., Ltd. to develop and commercialize EO-3021. The company was formerly known as 14ner Oncology, Inc. and changed its name to Elevation Oncology, Inc. in February 2020. The company was incorporated in 2019 and is based in New York, New York.Read More ELEV Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ELEV Stock News HeadlinesSeptember 5, 2023 | finance.yahoo.comElevation Oncology to Present at the H.C. Wainwright 25th Annual Global Investment ConferenceAugust 23, 2023 | bizjournals.comFore Biotherapeutics raises $75M to advance potential cancer therapy, announces CEO departureSeptember 26, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.August 17, 2023 | msn.comElevation Oncology doses first patient in solid tumours therapy trialAugust 16, 2023 | finance.yahoo.comElevation Oncology Announces First Patient Dosed in the Phase 1 Clinical Trial Evaluating EO-3021July 15, 2023 | finance.yahoo.comELEV - Elevation Oncology, Inc.July 13, 2023 | seekingalpha.comElevation Oncology gets new CEO and promotes to CFOJuly 13, 2023 | marketwatch.comElevation Oncology Names Ferra CEO, Furlong Finance Chief >ELEVSeptember 26, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.July 13, 2023 | finance.yahoo.comElevation Oncology Appoints Joseph Ferra as Chief Executive Officer and Promotes Tammy Furlong to Chief Financial OfficerJune 9, 2023 | benzinga.comElevation Oncology shares are trading lower after the company announced a $50 million public offering.June 9, 2023 | marketwatch.comElevation Oncology Shares Tumble Premarket After Stock Offering >ELEVJune 9, 2023 | msn.comElevation Oncology Plummets on $50M Public OfferingJune 9, 2023 | investorplace.comWhy Is Elevation Oncology (ELEV) Stock Down 26% Today?June 9, 2023 | seekingalpha.comElevation Oncology slumps 25%, prices $50M public offeringJune 9, 2023 | msn.comElevation Oncology slumps 25% on $50M public offering pricingJune 9, 2023 | finance.yahoo.comElevation Oncology Announces Pricing of $50 Million Public OfferingJune 8, 2023 | marketwatch.comElevation Oncology Shares Fall After Proposed Public OfferingJune 8, 2023 | finance.yahoo.comElevation Oncology Announces Launch of Proposed Public OfferingJune 6, 2023 | msn.comWedbush Maintains Elevation Oncology (ELEV) Outperform RecommendationJune 3, 2023 | finance.yahoo.comElevation Oncology Highlights First-in-Human Phase 1 SYSA1801 (EO-3021) Clinical Data to be Presented by Partner CSPC Pharmaceutical Group Limited at ASCO 2023May 26, 2023 | seekingalpha.comElevation Oncology up 61% on early-stage data for gastric cancer treatmentMay 26, 2023 | msn.comElevation Oncology Blasts Higher on New Cancer TreatmentMay 26, 2023 | fool.comElevation Oncology (NASDAQ: ELEV)May 26, 2023 | investorplace.comWhy Is Elevation Oncology (ELEV) Stock Up 57% Today?May 19, 2023 | finance.yahoo.comPrivate equity firms among Elevation Oncology, Inc.'s (NASDAQ:ELEV) largest shareholders, saw gain in holdings value after stock jumped 34% last weekMay 15, 2023 | finance.yahoo.comElevation Oncology Reports First Quarter 2023 Financial Results and Highlights Recent Business AchievementsSee More Headlines Receive ELEV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Elevation Oncology and its competitors with MarketBeat's FREE daily newsletter. Email Address ELEV Company Calendar Last Earnings8/03/2023Today9/26/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Biological products, except diagnostic Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:ELEV CUSIPN/A CIK1783032 Webwww.elevationoncology.com Phone716-371-1125FaxN/AEmployees33Year FoundedN/APrice Target and Rating Average Stock Price Forecast$4.67 High Stock Price Forecast$8.00 Low Stock Price Forecast$2.00 Forecasted Upside/Downside+576.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($6.85) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-95,080,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-280.92% Return on Assets-158.79% Debt Debt-to-Equity Ratio0.41 Current Ratio13.00 Quick Ratio13.00 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book Value$2.10 per share Price / Book0.33Miscellaneous Outstanding Shares42,380,000Free Float36,067,000Market Cap$29.24 million OptionableNot Optionable Beta0.33 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesDr. David Dornan Ph.D. (Age 45)Chief Scientific Officer Comp: $545.5kDr. Shawn M. Leland Pharm.D. (Age 39)R.Ph., Advisor Comp: $881.58kMs. Valerie Malyvanh Jansen M.D. (Age 45)Ph.D., Chief Medical Officer Comp: $641.53kMr. Joseph J. Ferra Jr. (Age 48)CEO, Pres & Director Ms. Tammy Furlong CPAP.M.P., CFO & Sec.Mr. Ryan BloomerHead of Tech OpsCandice MasseSr. Director of Corp. Communications & Investor RelationsMr. Robert C. YangVP of Legal AffairsMore ExecutivesKey CompetitorsAIM ImmunoTechNYSE:AIMSAB BiotherapeuticsNASDAQ:SABSCASI PharmaceuticalsNASDAQ:CASIElutiaNASDAQ:ELUTIN8bioNASDAQ:INABView All CompetitorsInstitutional OwnershipHudson Bay Capital Management LPBought 546,294 shares on 8/15/2023Ownership: 1.289%Point72 Asset Management L.P.Bought 400,000 shares on 8/15/2023Ownership: 0.944%Boothbay Fund Management LLCBought 234,266 shares on 8/15/2023Ownership: 0.553%Walleye Capital LLCSold 330,818 shares on 8/15/2023Ownership: 0.245%Caxton CorpSold 46,599 shares on 8/15/2023Ownership: 0.051%View All Institutional Transactions ELEV Stock - Frequently Asked Questions Should I buy or sell Elevation Oncology stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elevation Oncology in the last twelve months. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ELEV shares. View ELEV analyst ratings or view top-rated stocks. What is Elevation Oncology's stock price forecast for 2023? 4 Wall Street research analysts have issued 12-month price targets for Elevation Oncology's shares. Their ELEV share price forecasts range from $2.00 to $8.00. On average, they anticipate the company's stock price to reach $4.67 in the next year. This suggests a possible upside of 576.4% from the stock's current price. View analysts price targets for ELEV or view top-rated stocks among Wall Street analysts. How have ELEV shares performed in 2023? Elevation Oncology's stock was trading at $0.95 at the start of the year. Since then, ELEV stock has decreased by 27.4% and is now trading at $0.6899. View the best growth stocks for 2023 here. When is Elevation Oncology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. View our ELEV earnings forecast. How were Elevation Oncology's earnings last quarter? Elevation Oncology, Inc. (NASDAQ:ELEV) issued its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.28) by $0.09. When did Elevation Oncology IPO? (ELEV) raised $1 billion in an initial public offering (IPO) on Friday, June 25th 2021. The company issued 63,000,000 shares at $15.00-$17.00 per share. What is Elevation Oncology's stock symbol? Elevation Oncology trades on the NASDAQ under the ticker symbol "ELEV." Who are Elevation Oncology's major shareholders? Elevation Oncology's stock is owned by a variety of institutional and retail investors. Top institutional investors include venBio Partners LLC (6.88%), ExodusPoint Capital Management LP (6.16%), Sphera Funds Management LTD. (2.12%), Citadel Advisors LLC (1.98%), Hudson Bay Capital Management LP (1.29%) and Velan Capital Investment Management LP (1.17%). Insiders that own company stock include Global Hc Fund Pte Vertex II, Global Strategic Fund I Venbio and Yun-Lung Chen. View institutional ownership trends. How do I buy shares of Elevation Oncology? Shares of ELEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Elevation Oncology's stock price today? One share of ELEV stock can currently be purchased for approximately $0.69. How much money does Elevation Oncology make? Elevation Oncology (NASDAQ:ELEV) has a market capitalization of $29.24 million. The company earns $-95,080,000.00 in net income (profit) each year or ($6.85) on an earnings per share basis. How can I contact Elevation Oncology? The official website for the company is www.elevationoncology.com. The company can be reached via phone at 716-371-1125 or via email at ir@elevationoncology.com. This page (NASDAQ:ELEV) was last updated on 9/26/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Elevation Oncology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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