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 $2.98, down 0.33% from the previous day, and has increased 47.52% in one year. It has overperformed other stocks in the Biotechnology industry by 1.25 percentage points. Eledon Pharmaceuticals stock is currently +56.02% from its 52-week low of $1.91, and -46.21% from its 52-week high of $5.54.
There are currently 59.88M shares of ELDN outstanding. The market capitalization of ELDN is $178.45M. In the past 24 hours, 107,324 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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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/B ratio of 1.51x, relative to Biotechnology industry P/B ratio of 4.04x
You can do additional valuation analysis on ELDN's stock here.
How do ELDN Financials look?
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the ELDN balance sheet.
- ELDN has cash burn of 47271000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the ELDN balance sheet.
- ELDN has $140.18M in cash and short term investments. This is sufficient to cover its annual cash burn of $47.27M.
Negative Financial Indicators:
- Total ELDN debt is higher than 5 years ago, relative to shareholder equity.
- ELDN has a relatively high debt to equity ratio of 0.5.
Do analysts think it's a good time to buy Eledon Pharmaceuticals stock
Out of 1 sell side analysts who give ratings on ELDN, the consensus analyst rating on ELDN is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Eledon Pharmaceuticals stock forecast page.
ELDN Momentum
Latest Insiders Trades at ELDN
In the last year, executives and large shareholders at ELDN have not bought or sold any shares.
Research more about who owns ELDN stock here.
Can I get consistent income from ELDN stock?
No, Eledon Pharmaceuticals doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.
Click the Open Trade button and your broker will place your order.
If you require additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your investment in ELDN
Now that you own some ELDN shares, you'll want to stay up-to-date on your stock purchase.
Create a watchlist to get notified of important updates regarding your ELDN stock.
ELDN Feed
How to Buy Stock in Eledon Pharmaceuticals
To reiterate, here are the 6 steps you need to take to buy Eledon Pharmaceuticals stock right now:
- 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 option.
Get Started with eToro TodayIf you would like to keep track of your investment in Eledon Pharmaceuticals, create your watchlist below.
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