Elutia Inc Stock Price on October 31, 2024
| ELUT Stock | 4.84 1.31 37.11% |
Below is the normalized historical share price chart for Elutia Inc extending back to October 08, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Elutia stands at 4.84, as last reported on the 22nd of December, with the highest price reaching 4.84 and the lowest price hitting 3.48 during the day.
If you're considering investing in Elutia Stock, it is important to understand the factors that can impact its price. Elutia appears to be unstable, given 3 months investment horizon. Elutia Inc secures Sharpe Ratio (or Efficiency) of 0.0823, which denotes the company had a 0.0823% return per unit of risk over the last 3 months. By reviewing Elutia's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Elutia's Downside Deviation of 4.42, mean deviation of 3.68, and Coefficient Of Variation of 1207.5 to check if our risk estimates are consistent with your expectations.
At this time, Elutia's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 13.3 M in 2024, despite the fact that Total Stockholder Equity is likely to grow to (36.7 M). . At this time, Elutia's Price To Sales Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.08 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop (1.89) in 2024. Elutia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 7th of September 2023 | 200 Day MA 3.6295 | 50 Day MA 3.8635 | Beta 0.76 |
Elutia |
Sharpe Ratio = 0.0823
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Estimated Market Risk
| 6.61 actual daily | 58 58% of assets are less volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Elutia is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Elutia by adding it to a well-diversified portfolio.
Enterprise Value Ebitda (3.32) | Price Sales 6.6947 | Shares Float 17.8 M | Wall Street Target Price 9 | Earnings Share (2.35) |
Elutia Valuation on October 31, 2024
It is possible to determine the worth of Elutia on a given historical date. On October 31, 2024 Elutia was worth 3.29 at the beginning of the trading date compared to the closed value of 3.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elutia stock. Still, in general, we apply an absolute valuation method to find Elutia's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Elutia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elutia's related companies.
| Open | High | Low | Close | Volume | |
| 3.21 | 3.31 | 3.17 | 3.17 | 20,879 | |
10/31/2024 | 3.29 | 3.29 | 3.12 | 3.20 | 8,275 |
| 3.30 | 3.30 | 3.13 | 3.19 | 10,672 |
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Elutia Trading Date Momentum on October 31, 2024
| On November 01 2024 Elutia Inc was traded for 3.19 at the closing time. The top price for the day was 3.30 and the lowest listed price was 3.13 . The trading volume for the day was 10.7 K. The trading history from November 1, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.31% . The overall trading delta against the current closing price is 18.75% . |
Elutia Inc Fundamentals Correlations and Trends
By evaluating Elutia's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elutia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elutia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elutia Stock history
Elutia investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Elutia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elutia Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Elutia stock prices may prove useful in developing a viable investing in Elutia
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 18.2 M | 13.8 M | |
| Net Loss | -29.6 M | -31.1 M |
Elutia Stock Technical Analysis
Elutia technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Elutia Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Elutia Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Elutia December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Elutia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elutia shares will generate the highest return on investment. By undertsting and applying Elutia stock market strength indicators, traders can identify Elutia Inc entry and exit signals to maximize returns
Elutia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elutia's price direction in advance. Along with the technical and fundamental analysis of Elutia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elutia to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0744 | |||
| Jensen Alpha | 0.5151 | |||
| Total Risk Alpha | 0.3517 | |||
| Sortino Ratio | 0.1165 | |||
| Treynor Ratio | 0.5588 |
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Additional Tools for Elutia Stock Analysis
When running Elutia's price analysis, check to measure Elutia'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 Elutia is operating at the current time. Most of Elutia's value examination focuses on studying past and present price action to predict the probability of Elutia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elutia's price. Additionally, you may evaluate how the addition of Elutia to your portfolios can decrease your overall portfolio volatility.