Evelo Biosciences - EVLO Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Evelo Biosciences in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EVLO shares.
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4 equities research analysts have issued 1-year price targets for Evelo Biosciences' stock. Their EVLO share price forecasts range from $12.00 to $41.50. On average, they anticipate the company's stock price to reach $22.63 in the next year. This suggests a possible upside of 725.7% from the stock's current price.
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Evelo Biosciences' stock was trading at $6.07 at the beginning of 2022. Since then, EVLO stock has decreased by 54.9% and is now trading at $2.74.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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Evelo Biosciences, Inc. (NASDAQ:EVLO) released its quarterly earnings data on Thursday, August, 11th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.16. During the same period in the previous year, the business posted ($0.59) EPS.

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 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 served 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 shareholders include FMR LLC (30.16%), State of Michigan Retirement System (7.59%), abrdn plc (0.64%), Northern Trust Corp (0.13%), AE Wealth Management LLC (0.10%) and Group One Trading L.P. (0.00%). Insiders that own company stock include David R Epstein, 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 $2.74.

Evelo Biosciences (NASDAQ:EVLO) has a market capitalization of $147.03 million. The company earns $-122,180,000.00 in net income (profit) each year or ($2.32) 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.