Evelo Biosciences had a rough day and is now down -8.00%. Investors weren't too impressed with the future outlook for the Biotechnology company which caused some selling on weak demand.
Currently EVLO isn't at a clear support/resistance line that seems tradable. Evelo Biosciences hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the Biotechnology company has lost -84.77 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. EVLO might find some support at the 1.81 level, buyers might push the price back up from here. But it's not very clear what will happen.
Analysts are very concerned for the future of Evelo Biosciences and are providing negative ratings. This may coincide with future price drops. The current Analysts Sentiment Score is -122.82. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Cantor Fitzgerald released a downgrade on 2023-03-16 from Overweight to Neutral. Morgan Stanley announced a lowering of their price target to $2.00 from $4.00 on 2023-02-15. Jefferies Financial Group downgraded from Buy to Underperform on 2023-02-01. On 2022-11-16 there was a downgrade announced by Chardan Capital from Buy to Neutral and added a price target of $2.50. JMP Securities announced a lowering of their price target to $41.50 from $44.00 on 2021-11-02. BMO Capital Markets reiterated a rating of Buy on 2021-10-31 and provided a price target of $23.00.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| EVLO | -122.82 | 0.45 | -177.8 | 0.45 | -68.72 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| EVLO | 25.03 | 5.82 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| EVLO | 26.32 | %8.32398 | 44.3 | 0.198 | 4450000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Biotechnology | 367 | 1.65 | -1.04 | -10.59 | 1.90 | -6.98 | -22.13 | 31.57 | -13.77 | -17.27 | -13.81 | -41814.93 | -3164.24 | 0.95 | 21.19 | 6.54 | 48.84 |
| Healthcare | 617 | 1.67 | -0.48 | -8.71 | 1.89 | -6.28 | -24.08 | 31.85 | -11.33 | -14.45 | -14.07 | -36805.91 | -4054.41 | 1.05 | 22.33 | 5.93 | 36.37 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| EVLO | 1.00 |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GRWG | GROW GENERATION CORP | 0.75 | 4.73 | -10.83 | -18.24 | -18.06 | -13.45 | -61.27 | 24 | -16.09 | -16.09 | -20.93 | -31634.18 | -585.85 | 0 | 0 | 9.18296 |
| DNLI | Denali Therapeutics Inc. | 0.74 | -0.30 | -2.35 | -20.42 | -19.99 | -19.38 | -30.23 | 15 | -14.17 | -11.37 | -5.44 | -17869.11 | -140.02 | 0 | 0 | 7.15982 |
| AMTI | Applied Molecular Transpo | 0.7 | 1.06 | -1.68 | -28.17 | -64.68 | -68.91 | -95.14 | 23 | -35.75 | -115.82 | -86.21 | -145928.72 | 0.00 | 0 | 0 | 3.84408 |
| AMRC | Ameresco, Inc. | 0.69 | 5.92 | 3.52 | -12.04 | -17.87 | -33.88 | -40.26 | 39 | -37.25 | -31.25 | -26.69 | -15621.74 | -2035.14 | 0 | 0 | 10.8934 |
| PAGS | PagSeguro Digital Ltd. | 0.64 | 6.15 | -0.12 | -7.59 | -1.08 | -44.80 | -51.44 | 33 | -15.29 | -42.62 | -55.37 | -57969.48 | -374.65 | 0 | 0 | 1.34642 |
| ENS | EnerSys, Inc. | 0.64 | 2.24 | 3.17 | -5.63 | 14.32 | 33.26 | 9.26 | 15 | 76.35 | 53.20 | 46.00 | -1901.21 | -13288.54 | 0 | 0 | 2.64707 |
| SGMO | Sangamo Therapeutics, Inc | 0.64 | -1.55 | -12.04 | -34.71 | -39.49 | -64.15 | -67.13 | 9 | -49.80 | -90.58 | -41.56 | -39882.11 | 0.00 | 0 | 0 | 8.30077 |
| MRNS | Marinus Pharmaceuticals, | 0.63 | -8.64 | -5.74 | -6.73 | 65.52 | -10.73 | -28.60 | 44 | 23.76 | 12.89 | 25.29 | -950.65 | -6739.30 | 0 | 0 | 3.77795 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
