At the last check on Thursday, Longeveron Inc.’s (NASDAQ:LGVN) stock was up $0.49, moving up 20.29 percent to $2.93. The average number of shares traded per day over the past five days has been 772,334 shares. 3 times new highs have been achieved over the past 5 days, with a $0.42 gain in that time frame. In the last twenty days, the average volume was 220,689, while in the previous 50 days, it was 109,899.
Since last month, LGVN stock retreated -15.66%. Shares of the company fell to $2.26 on 08/29/23, the lowest level in the past month. A 52-week high of $5.60 was reached on 01/27/23 after having rallying from a 52-week low of $2.26. Since the beginning of this year, LGVN’s stock price has dropped by -8.85% or -$0.28, and marked a new high 10 times. However, the stock has declined by -47.59% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
LGVN stock investors should be aware that Longeveron Inc. (LGVN) stock had its last reported insider trading activity 63 days ago on Jun 29. Clavijo James, the CFO and Treasurer of the company, disposed of 5,000 shares for $3.51 on Jun 29. It resulted in a $17,550 divestment by the insider. Clavijo James sold 10,000 shares at an average price of $3.43 on Jun 28. The insider now owns 52,303 shares following the transaction. On Jun 27, CFO and Treasurer Clavijo James sold 8,532 shares at $3.48 apiece. The transaction was valued at $29,691.
Valuation Metrics
The stock’s beta is 0.56. Besides these, the trailing price-to-sales (P/S) ratio of 66.85, the price-to-book (PB) ratio of 5.54.
Financial Health
In the three months ended June 29, Longeveron Inc.’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 23.40% percent. Based on annual data, LGVN earned $0.5 million in gross profit and brought in $1.22 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -88.00%. Return on equity (ROE) for the past 12 months was -109.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LGVN’s revenue fell -113.64% to $0.28 million during the quarter, while net income inched up to $0.22 million. While analysts expected Longeveron Inc. to report -$0.25 quarterly earnings, the actual figure was -$0.27 per share, beating the consensus estimate by -8.00%. During the quarter, the company generated -$5.47 million in EBITDA. The liabilities of Longeveron Inc. were 5.83 million at the end of its most recent quarter ended June 29, and its total debt was $2.33 million. The value of shareholders’ equity is $21.17 million.
Technical Picture
This quick technical analysis looks at Longeveron Inc.’s (LGVN) price momentum. With a historical volatility rate of 142.86%, the RSI 9-day stood at 56.88% on 30 August.
With respect to its five-day moving average, the current Longeveron Inc. price is up by +16.67% percent or $0.42. At present, LGVN shares trade -13.27% below its 20-day simple moving average and +11.79% percent above its 100-day simple moving average. However, the stock is currently trading approximately -18.11% below its SMA50 and -24.81% below its SMA200.
Stochastic coefficient K was 26.11% and Stochastic coefficient D was 16.87%, while ATR was 0.32. Given the Stochastic reading of 52.15% for the 14-day period, the RSI (14) reading has been calculated as 51.29%.
Analyst Ratings
Longeveron Inc. (LGVN) has been rated Buy by analysts. According to 0 brokerage firms, LGVN is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Longeveron Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $14.15, the current consensus forecast for the stock is $14.00 – $14.30. Based on these forecasts, analysts predict Longeveron Inc. (LGVN) will achieve an average price target of $14.15.
