Evelo Biosciences, Inc. (NASDAQ:EVLO – Get Rating) – Research analysts at Cantor Fitzgerald cut their FY2023 earnings estimates for Evelo Biosciences in a note issued to investors on Wednesday, May 17th. Cantor Fitzgerald analyst K. Kluska now expects that the company will post earnings per share of ($0.58) for the year, down from their previous estimate of ($0.45). Cantor Fitzgerald has a “Neutral” rating on the stock. The consensus estimate for Evelo Biosciences’ current full-year earnings is ($0.74) per share.
Evelo Biosciences (NASDAQ:EVLO – Get Rating) last issued its quarterly earnings data on Thursday, March 16th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09.
Evelo Biosciences Stock Performance
Shares of NASDAQ:EVLO opened at $0.15 on Monday. Evelo Biosciences has a 52 week low of $0.02 and a 52 week high of $3.29. The stock has a market capitalization of $17.08 million, a P/E ratio of -0.11 and a beta of 1.26. The firm has a fifty day simple moving average of $0.18 and a two-hundred day simple moving average of $0.96. The company has a quick ratio of 4.16, a current ratio of 0.53 and a debt-to-equity ratio of 3.93.
Institutional Investors Weigh In On Evelo Biosciences
Several institutional investors have recently made changes to their positions in EVLO. Vanguard Group Inc. lifted its holdings in shares of Evelo Biosciences by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 1,544,518 shares of the company’s stock worth $5,235,000 after acquiring an additional 132,702 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in Evelo Biosciences by 200.0% during the 1st quarter. Cresset Asset Management LLC now owns 30,000 shares of the company’s stock valued at $102,000 after buying an additional 20,000 shares in the last quarter. State Street Corp lifted its holdings in Evelo Biosciences by 3.3% during the 1st quarter. State Street Corp now owns 578,861 shares of the company’s stock valued at $1,962,000 after buying an additional 18,469 shares in the last quarter. Walleye Capital LLC bought a new stake in Evelo Biosciences during the 1st quarter valued at about $38,000. Finally, Millennium Management LLC lifted its holdings in Evelo Biosciences by 343.7% during the 2nd quarter. Millennium Management LLC now owns 193,134 shares of the company’s stock valued at $408,000 after buying an additional 149,605 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.
Evelo Biosciences Company Profile
Evelo Biosciences, Inc operates as a clinical stage biotechnology company, which engages in the development of orally delivered investigational medicines. Its portfolio includes EDP1066 and EDP1815 for the treatment of inflammatory diseases, EDP2939 for inflammation, and EDP1908 for oncology. The company was founded by Noubar B.
- Get a free copy of the StockNews.com research report on Evelo Biosciences (EVLO)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Receive News & Ratings for Evelo Biosciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evelo Biosciences and related companies with MarketBeat.com's FREE daily email newsletter.