How to Buy Eledon Pharmaceuticals Stock
Eledon Pharmaceuticals Inc
Eledon Pharmaceuticals, Inc. , clinical stage biopharmaceutical company, focuses on developing medicines for the patients living with autoimmune disease and amyotrophic lateral sclerosis (ALS), and requiring an organ or cell-based transplant.
Eledon Pharmaceuticals stock last closed at $3.44, up 20.7% from the previous day, and has increased 22.42% in one year. It has overperformed other stocks in the Biotechnology industry by 0.48 percentage points. Eledon Pharmaceuticals stock is currently +48.6% from its 52-week low of $2.32, and -37.91% from its 52-week high of $5.54.
There are currently 59.88M shares of ELDN outstanding. The market capitalization of ELDN is $205.99M. In the past 24 hours, 5.63M ELDN shares were traded.
How to Buy Eledon Pharmaceuticals Stock
Not sure how to invest in Eledon Pharmaceuticals stock? Here's how.
- Decide where to buy Eledon Pharmaceuticals stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Eledon Pharmaceuticals stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your method of payment and add your information.
- Analyze Eledon Pharmaceuticals stock: The Eledon Pharmaceuticals ticker symbol is ELDN. Is Eledon Pharmaceuticals stock a good investment? Should you buy shares of ELDN? How do ELDN's underlying business fundamentals look? Do top analysts think Eledon Pharmaceuticals is a good buy? Why has ELDN's stock price moved recently? (Hint: Our stock market analysis website can help you decide if ELDN is a good stock to buy).
- Execute your ELDN buy order: Decide if you will purchase ELDN shares at the current market price or use a limit order to purchase ELDN stock at a given price.
- Monitor your investment in ELDN: Create a watchlist to get live updates on your new investment in Eledon Pharmaceuticals stock.
Step 1: Decide where to buy Eledon Pharmaceuticals stock
You need an online brokerage account to access the NASDAQ market and buy ELDN stock.
Our preferred brokerage: eToro
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- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal info so you are able to invest in ELDN stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on one of the best stock market apps, you can securely and quickly fund your account:
Watch this video walkthrough for more details transferring funds into your brokerage account.
Step 4: Analyze Eledon Pharmaceuticals stock
Once you have decided on the best place to buy Eledon Pharmaceuticals stock, it's crucial to research their stock prior to investing, so you can wrap your head around the risk as well as the opportunity.
Eledon Pharmaceuticals quick stats
Fundamentals of Eledon Pharmaceuticals
WallStreetZen was created to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on ELDN's stock page.
Is ELDN stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge ELDN's intrinsic value.
Using relative valuations metrics:
- ELDN could be undervalued based on its P/E ratio of 68.8x, relative to Biotechnology industry P/E ratio of -98.2x
- ELDN may be undervalued based on its P/B ratio of 4.09x, relative to Biotechnology industry P/B ratio of 4.96x
You can access additional valuation research on ELDN's stock here.
Is ELDN a healthy company?
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the ELDN balance sheet.
- There are more short-term assets than short-term liabilities on the ELDN balance sheet.
- ELDN has cash burn of 64529000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- Total ELDN debt is higher than 5 years ago, relative to shareholder equity.
- ELDN has $107.57M in cash and short term investments. This is not sufficient to cover its annual cash burn of $64.53M.
- ELDN has a relatively high debt to equity ratio of 0.77.
Do analysts think it's a good time to buy ELDN stock
Out of 1 sell side analysts who research ELDN, the consensus analyst rating on Eledon Pharmaceuticals is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Eledon Pharmaceuticals stock forecast page.
ELDN Technicals
Are ELDN executives and large shareholders buying or selling the stock?
Over the last year, executives and large shareholders at ELDN have not bought or sold any shares.
Research more about who owns ELDN shares here.
Does ELDN provide a stable income stream?
No, Eledon Pharmaceuticals doesn't provide an income stream by paying out dividends.
What do other traders have to say about ELDN?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your ELDN buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you want more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in ELDN
Now that you own some shares in ELDN, you'll want to keep up with your new investment.
Put ELDN on a watchlist to track the latest developments regarding your ELDN stock.
ELDN Feed
How to Buy Stock in Eledon Pharmaceuticals
To reiterate, here are the 6 steps for buying Eledon Pharmaceuticals stock:
- Decide where to buy Eledon Pharmaceuticals stock
- Sign up for a brokerage account
- Fund your brokerage account
- Analyze Eledon Pharmaceuticals stock
- Execute your ELDN buy order
- Monitor your investment in ELDN
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Eledon Pharmaceuticals, add ELDN to your watchlist by clicking the button below.
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