Elicio Therapeutics, Inc. (NASDAQ:ELTX – Get Free Report) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $19.75.
Several brokerages recently commented on ELTX. Weiss Ratings lowered shares of Elicio Therapeutics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. JonesTrading downgraded Elicio Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. LADENBURG THALM/SH SH assumed coverage on Elicio Therapeutics in a research report on Thursday, June 18th. They issued a “buy” rating and a $12.00 target price on the stock. Rodman & Renshaw reiterated a “buy” rating on shares of Elicio Therapeutics in a report on Monday, June 15th. Finally, B. Riley Financial initiated coverage on Elicio Therapeutics in a research report on Wednesday, June 10th. They set a “buy” rating and a $27.00 price target for the company.
Check Out Our Latest Analysis on ELTX
Institutional Trading of Elicio Therapeutics
Elicio Therapeutics Trading Down 0.7%
NASDAQ:ELTX traded down $0.02 during mid-day trading on Monday, reaching $3.02. The company’s stock had a trading volume of 31,588 shares, compared to its average volume of 745,255. The company’s fifty day simple moving average is $3.35 and its two-hundred day simple moving average is $8.26. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.77 and a quick ratio of 2.77. Elicio Therapeutics has a twelve month low of $2.66 and a twelve month high of $16.00. The stock has a market cap of $79.37 million, a P/E ratio of -1.39 and a beta of 1.30.
Elicio Therapeutics (NASDAQ:ELTX – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.11. On average, equities analysts predict that Elicio Therapeutics will post -2.1 EPS for the current year.
Elicio Therapeutics Company Profile
Angion Biomedica Corp. is a late-stage biopharmaceutical company. It is focused on the discovery, development and commercialization of novel small molecule therapeutics to address acute organ injuries and fibrotic diseases. Angion Biomedica Corp. is based in UNIONDALE, N.Y.
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