Elevation Oncology Stock Buy Hold or Sell Recommendation
| ELEV Stock | USD 0.75 0.10 15.38% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Elevation Oncology is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Elevation Oncology given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Elevation Oncology, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Elevation Oncology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Elevation Stock please use our How to Invest in Elevation Oncology guide. Note, we conduct extensive research on individual companies such as Elevation and provide practical buy, sell, or hold advice based on investors' constraints. Elevation Oncology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Elevation |
Execute Elevation Oncology Buy or Sell Advice
The Elevation recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Elevation Oncology. Macroaxis does not own or have any residual interests in Elevation Oncology or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Elevation Oncology's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | OK | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Elevation Oncology Trading Alerts and Improvement Suggestions
| Elevation Oncology has some characteristics of a very speculative penny stock | |
| Elevation Oncology had very high historical volatility over the last 90 days | |
| Elevation Oncology has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (45.7 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Elevation Oncology currently holds about 122.54 M in cash with (56.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.26, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Elevation Oncology has a frail financial position based on the latest SEC disclosures | |
| Over 84.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Elevation Oncology Presents Preclinical Proof-of-Concept Data Supporting Combination Potential of EO-3021 with VEGFR2 or PD-1 Inhibitors at ESMO Immuno-Oncology Annual Congress 2024 |
Elevation Oncology current analysts advice
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Elevation analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Elevation analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Average Consensus Strong Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.
Elevation Oncology Returns Distribution Density
The distribution of Elevation Oncology's historical returns is an attempt to chart the uncertainty of Elevation Oncology's future price movements. The chart of the probability distribution of Elevation Oncology daily returns describes the distribution of returns around its average expected value. We use Elevation Oncology price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Elevation Oncology returns is essential to provide solid investment advice for Elevation Oncology.
| Mean Return | 0.38 | Value At Risk | -8.06 | Potential Upside | 8.33 | Standard Deviation | 4.86 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Elevation Oncology historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Elevation Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Elevation Oncology, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Elevation Oncology back and forth among themselves.
| Shares | Sphera Funds Management Ltd. | 2024-09-30 | 1.1 M | State Street Corp | 2024-09-30 | 1 M | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 951.1 K | Orbimed Advisors, Llc | 2024-09-30 | 941.3 K | Millennium Management Llc | 2024-09-30 | 785.5 K | Ikarian Capital, Llc | 2024-09-30 | 690.1 K | Schonfeld Strategic Advisors Llc | 2024-09-30 | 543.3 K | Braidwell Lp | 2024-09-30 | 473.5 K | Ameriprise Financial Inc | 2024-09-30 | 440.5 K | Tang Capital Management Llc | 2024-09-30 | 4.8 M | Goldman Sachs Group Inc | 2024-09-30 | 4 M |
Elevation Oncology Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Elevation Oncology or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Elevation Oncology's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Elevation stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.42 | |
β | Beta against Dow Jones | -0.46 | |
σ | Overall volatility | 4.95 | |
Ir | Information ratio | 0.05 |
Elevation Oncology Volatility Alert
Elevation Oncology exhibits above-average semi-deviation for your current time horizon. Elevation Oncology is a potential penny stock. Although Elevation Oncology may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Elevation Oncology. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Elevation instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Elevation Oncology Fundamentals Vs Peers
Comparing Elevation Oncology's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Elevation Oncology's direct or indirect competition across all of the common fundamentals between Elevation Oncology and the related equities. This way, we can detect undervalued stocks with similar characteristics as Elevation Oncology or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Elevation Oncology's fundamental indicators could also be used in its relative valuation, which is a method of valuing Elevation Oncology by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Elevation Oncology to competition |
| Fundamentals | Elevation Oncology | Peer Average |
| Return On Equity | -0.64 | -0.31 |
| Return On Asset | -0.25 | -0.14 |
| Current Valuation | (33.79 M) | 16.62 B |
| Shares Outstanding | 59.12 M | 571.82 M |
| Shares Owned By Insiders | 0.24 % | 10.09 % |
| Shares Owned By Institutions | 83.89 % | 39.21 % |
| Number Of Shares Shorted | 6.13 M | 4.71 M |
| Price To Earning | 0.16 X | 28.72 X |
| Price To Book | 0.64 X | 9.51 X |
| EBITDA | (41.47 M) | 3.9 B |
| Net Income | (45.7 M) | 570.98 M |
| Cash And Equivalents | 122.54 M | 2.7 B |
| Cash Per Share | 5.26 X | 5.01 X |
| Total Debt | 30.14 M | 5.32 B |
| Current Ratio | 6.48 X | 2.16 X |
| Book Value Per Share | 1.17 X | 1.93 K |
| Cash Flow From Operations | (56.18 M) | 971.22 M |
| Short Ratio | 9.52 X | 4.00 X |
| Earnings Per Share | (0.80) X | 3.12 X |
| Target Price | 7.0 | |
| Number Of Employees | 29 | 18.84 K |
| Beta | 1.25 | -0.15 |
| Market Capitalization | 44.05 M | 19.03 B |
| Total Asset | 89.09 M | 29.47 B |
| Retained Earnings | (195.97 M) | 9.33 B |
| Working Capital | 83.82 M | 1.48 B |
| Net Asset | 89.09 M |
Note: Disposition of 12562 shares by Joseph Ferra of Elevation Oncology subject to Rule 16b-3 [view details]
Elevation Oncology Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Elevation . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Elevation Oncology Buy or Sell Advice
When is the right time to buy or sell Elevation Oncology? Buying financial instruments such as Elevation Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Elevation Oncology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Elevation Stock Analysis
When running Elevation Oncology's price analysis, check to measure Elevation Oncology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevation Oncology is operating at the current time. Most of Elevation Oncology's value examination focuses on studying past and present price action to predict the probability of Elevation Oncology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevation Oncology's price. Additionally, you may evaluate how the addition of Elevation Oncology to your portfolios can decrease your overall portfolio volatility.