Longeveron Stock Dips 28% on a Red Friday

The LGVN stock price fluctuated between $29.52 and $40.8 throughout the trading session with the volume trading being 21M shares, which represented a positive variation when compared to the three months average volume of 10M shares.

The share price of Longeveron Inc. (NasdaqCM:LGVN) dipped -27.49% to close Friday’s market session at $30.67, lower as compared to yesterday’s close which brings the market valuation of the company to $329.26M.

The 52-week high for the Longeveron Inc.’s shares is $45.00. That puts it -31.84% from that peak with a 52-week low of $2.84, while the S&P 500’s share price change was of 26.87%.

What does the trading volume tell us about the LGVN stock?

During the last trading session, Longeveron Inc. (NasdaqCM:LGVN) has seen growth in its daily volume. The daily volume was of 21M, while in the last 10 days the average was 65.41M and last three months – 10.48M.

Growing short interest

The Longeveron Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 228.29k shares being shorted which translates into 2.34 of a short ratio for LGVN, while in the previous month the shorted shares were 257.68k.

Longeveron Inc.’s (NasdaqCM:LGVN) financials

With a market cap of 329.26M, Longeveron Inc. holds a total cash of $18.97M that translates into $0.99 per share, while the total debt is of $3.42M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -87.60%. The current revenue is of $2.28M that is $0.12 per share.

This is a not so good sign for the future.