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Elevation Oncology, Inc.NasdaqCM:ELEV Stock Report

Market Cap US$21.6m
Share Price
US$0.36
US$0.4
7.6% undervalued intrinsic discount
1Y-87.4%
7D-2.7%
1D
Portfolio Value
View

Elevation Oncology, Inc.

NasdaqCM:ELEV Stock Report

Market Cap: US$21.6m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Elevation Oncology (ELEV) Stock Overview

An oncology company, focuses on the discovery and development of cancer therapies to treat patients across a range of solid tumors with significant unmet medical needs. More details

ELEV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ELEV Community Fair Values

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Elevation Oncology, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Elevation Oncology
Historical stock prices
Current Share PriceUS$0.36
52 Week HighUS$3.09
52 Week LowUS$0.22
Beta1.5
1 Month Change-4.25%
3 Month Change-2.90%
1 Year Change-87.37%
3 Year Change-70.33%
5 Year Changen/a
Change since IPO-96.81%

Recent News & Updates

Recent updates

Seeking Alpha May 03

Elevation Oncology: Mid-2024 EO-3021 Data Could Get Ball Rolling

Summary Results from the phase 1 study, using EO-3021 for the treatment of CLDN 18.2 expressing solid tumors, expected mid-Q3 of 2024; Additional data expected 1st half of 2025. HER3-ADC is another ADC being developed in the pipeline for the treatment of patients with HER3-expressning solid tumors; It has been shown that up to 42% of tumors express HER3. Nomination of ADC candidate for HER3-ADC clinical program expected in the 2nd half of 2024. Plans, to advance EO-3021 in combination with another cancer drug to treat patients with advanced solid tumors, expected in the 1st half of 2024. Read the full article on Seeking Alpha
Seeking Alpha Jan 17

Elevation Oncology: Rising On News, But Not The Time To Buy

Summary Elevation Oncology experienced a significant increase in market capitalization in early 2024 based on positive guidance, but the company's main program is still early and risky. The company is focused on developing EO-3021, a novel antibody-drug conjugate targeting Claudin-18.2, which has shown promising results in preclinical and early clinical studies. They have enough funds to sustain its operations until Q2 2025, but that's right around the time the company says we should expect the next important data update. Read the full article on Seeking Alpha
Seeking Alpha Aug 04

Elevation Oncology GAAP EPS of -$0.86 misses by $0.07

Elevation Oncology press release (NASDAQ:ELEV): Q2 GAAP EPS of -$0.86 misses by $0.07. Q2 total operating expenses $20.11M vs. $5.06M last year. As of June 30, 2022, the company had cash, cash equivalents and marketable securities totaling $122.5M, compared to $132.1M as of March 31, 2022. Co expects its cash, cash equivalents and marketable securities as of June 30, 2022, and following the licensing of EO-3021 and the initial tranche of the loan facility, to fund current operations, including the continued development of seribantumab and EO-3021, into 2024.
Seeking Alpha Jul 28

Elevation Oncology secured $50M loan facility with K2 HealthVentures

Elevation Oncology (NASDAQ:ELEV) secured a $50M senior secured loan facility from funds managed by K2 HealthVentures, a healthcare-focused investment firm.  "This financing supports the expansion of our clinical oncology pipeline with an exciting new opportunity in precision oncology, furthering our mission to bring important new medicines to patients in need," said Joseph Ferra, CFO.
Analysis Article May 10

We're Hopeful That Elevation Oncology (NASDAQ:ELEV) Will Use Its Cash Wisely

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article Jan 25

We're Not Very Worried About Elevation Oncology's (NASDAQ:ELEV) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article Sep 25

Companies Like Elevation Oncology (NASDAQ:ELEV) Are In A Position To Invest In Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

ELEVUS BiotechsUS Market
7D-2.7%-4.1%1.2%
1Y-87.4%26.5%27.0%

Return vs Industry: ELEV underperformed the US Biotechs industry which returned -11.2% over the past year.

Return vs Market: ELEV underperformed the US Market which returned 14.6% over the past year.

Price Volatility

Is ELEV's price volatile compared to industry and market?
ELEV volatility
ELEV Average Weekly Movement11.2%
Biotechs Industry Average Movement10.8%
Market Average Movement7.2%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: ELEV's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: ELEV's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201934Tammy Furlongelevationoncology.com

Elevation Oncology, Inc., an oncology company, focuses on the discovery and development of cancer therapies to treat patients across a range of solid tumors with significant unmet medical needs. It’s lead candidate is EO-3021, an antibody-drug conjugate (ADC) comprised of a fully human anti-Claudin 18.2 immunoglobulin G1 monoclonal antibody (mAb) site-specifically conjugated with a cleavable linker to the cytotoxic monomethyl auristatin E (MMAE) payload that is in Phase 1 clinical trial as a monotherapy and in combinations with dostarlimab, a PD-1 inhibitor, and ramucirumab, a VEGFR2 inhibitor, in patients with advanced, unresectable, or metastatic gastric/gastroesophageal junction solid tumors. The company is also developing EO-1022, an ADC containing seribantumab, a fully human immunoglobulin G2 (IgG2) anti-HER3 mAb, and an MMAE payload, with glycan site-specific conjugation for the treatment of patients with HER3-expressing solid tumors, including breast cancer, non-small cell lung cancer, and other solid tumors.

Elevation Oncology, Inc. Fundamentals Summary

How do Elevation Oncology's earnings and revenue compare to its market cap?
ELEV fundamental statistics
Market capUS$21.63m
Earnings (TTM)-US$47.99m
Revenue (TTM)n/a
0.0x
P/S Ratio
-0.5x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ELEV income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$47.99m
Earnings-US$47.99m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.81
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio66.9%

How did ELEV perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/24 17:13
End of Day Share Price 2025/07/22 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elevation Oncology, Inc. is covered by 4 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Silvan TuerkcanCitizens JMP Securities, LLC
Swayampakula RamakanthH.C. Wainwright & Co.
Michael KingH.C. Wainwright & Co.