Evelo Biosciences - EVLO Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evelo Biosciences in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EVLO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVLO, but not buy additional shares or sell existing shares.
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3 brokerages have issued 1 year target prices for Evelo Biosciences' stock. Their EVLO share price forecasts range from $2.50 to $4.00. On average, they expect the company's stock price to reach $3.25 in the next year. This suggests a possible upside of 235.1% from the stock's current price.
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Evelo Biosciences' stock was trading at $1.61 at the beginning of the year. Since then, EVLO shares have decreased by 39.8% and is now trading at $0.97.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 23rd 2023.
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Evelo Biosciences, Inc. (NASDAQ:EVLO) posted its quarterly earnings data on Monday, November, 14th. The company reported ($0.28) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.05.

Based on aggregate information from My MarketBeat watchlists, some companies that other Evelo Biosciences investors own include Fulcrum Therapeutics (FULC), VIVUS (VVUS), Evofem Biosciences (EVFM), Sorrento Therapeutics (SRNE), Cerecor (CERC), Myovant Sciences (MYOV), Provention Bio (PRVB), VBI Vaccines (VBIV), VYNE Therapeutics (VYNE) and Aldeyra Therapeutics (ALDX).

(EVLO) raised $85 million in an initial public offering (IPO) on Wednesday, May 9th 2018. The company issued 5,300,000 shares at $15.00-$17.00 per share. Morgan Stanley, Cowen and BMO Capital Markets acted as the underwriters for the IPO and JMP Securities was co-manager.

Evelo Biosciences trades on the NASDAQ under the ticker symbol "EVLO."

Evelo Biosciences' stock is owned by a number of retail and institutional investors. Top institutional investors include Mayo Clinic (0.44%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include David R Epstein, Stephen J Carriere, Ventures Fund Iv Gene Flagship and Xiaoli Jacqueline Liu.
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Shares of EVLO 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.
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One share of EVLO stock can currently be purchased for approximately $0.97.

Evelo Biosciences (NASDAQ:EVLO) has a market capitalization of $104.75 million. The company earns $-122,180,000.00 in net income (profit) each year or ($1.78) on an earnings per share basis.

The company employs 122 workers across the globe.

Evelo Biosciences' mailing address is 620 Memorial Drive Suite 500 West, Cambridge MA, 02139. The official website for the company is www.evelobio.com. The company can be reached via phone at (617) 577-0300 or via email at ir@evelobio.com.