With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.42 million shares. The 52-week range on ELEV shows that it touched its highest point at $4.33 and its lowest point at $0.22 during that stretch. It currently has a 1-year price target of $1.02. Beta for the stock currently stands at 1.51.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ELEV was up-trending over the past week, with a rise of 7.07%, but this was down by -15.26% over a month. Three-month performance dropped to -47.15% while six-month performance fell -41.64%. The stock lost -91.42% in the past year, while it has lost -42.94% so far this year. A look at the trailing 12-month EPS for ELEV yields -0.81 with Next year EPS estimates of -0.42. For the next quarter, that number is -0.20. This implies an EPS growth rate of 14.26% for this year and 37.20% for next year. EPS is expected to grow by 17.64% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -25.69%.
Float and Shares Shorts:
At present, 59.22 million ELEV shares are outstanding with a float of 53.01 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ELEV since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.81666 being high and -$0.86707 being low. For ELEV, this leads to a yearly average estimate of -$0.84691. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.13. The average estimate for the next quarter is thus -$0.1.
