Eledon Pharmaceuticals, Inc. (ELDN)
NASDAQ:ELDN
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Eledon Pharmaceuticals
(NASDAQ:ELDN)
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Rating:56Neutral
Price Target:
$3.00
▼(-3.23% Downside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weak financial performance (no revenue, recurring losses, and persistent negative cash flow with higher burn in 2025), partially offset by a strong technical uptrend (price above key moving averages with positive momentum). Valuation contributes neutrally given the negative P/E and lack of dividend yield.
Positive Factors
Low leverage / minimal debt
Very low debt provides durable financial flexibility for a pre-commercial biotech. It lowers fixed financing costs and preserves capacity to fund trials or business development through borrowing if needed, reducing near-term insolvency risk while management pursues clinical milestones.
Negative Factors
No product revenue; sustained net losses
Being pre-revenue with persistent large net losses means the business lacks operating cash generation and must bridge the gap to commercialization via external funds. This structural profile prolongs dependency on capital markets and leaves long-term viability hinging on successful clinical outcomes or partnerships.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / minimal debt
Very low debt provides durable financial flexibility for a pre-commercial biotech. It lowers fixed financing costs and preserves capacity to fund trials or business development through borrowing if needed, reducing near-term insolvency risk while management pursues clinical milestones.
Read all positive factors
Eledon Pharmaceuticals (ELDN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$235.14M
Dividend YieldN/A
Average Volume (3M)1.39M
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue GrowthN/A
EPS Growth72.35%
CountryUS
Employees31
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.11
Shares Outstanding75,851,720
10 Day Avg. Volume1,105,359
30 Day Avg. Volume1,389,606
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.90
Price to Sales (P/S)0.00
P/FCF Ratio-1.98
Enterprise Value/Market Cap0.73
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-2.44
Forecast
1Y Price Target
$7.33Price Target Upside136.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.86
Revenue Forecast (FY)N/A
Eledon Pharmaceuticals Business Overview & Revenue Model
Company Description
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. Its l...
How the Company Makes Money
Eledon is a clinical-stage biotech and, based on publicly available information, does not appear to have a marketed commercial product generating product sales; accordingly, its ongoing operations have historically been funded primarily through fi...
Eledon Pharmaceuticals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -359.00K | -374.00K | -373.00K | -195.00K |
| EBITDA | -83.25M | -35.39M | -116.16M | -87.59M | -36.66M |
| Net Income | -45.62M | -36.18M | -116.54M | -87.97M | -34.51M |
Balance Sheet | |||||
| Total Assets | 237.60M | 177.41M | 89.07M | 92.79M | 170.55M |
| Cash, Cash Equivalents and Short-Term Investments | 133.34M | 140.18M | 51.10M | 56.41M | 84.83M |
| Total Debt | 641.00K | 954.00K | 383.00K | 746.00K | 769.00K |
| Total Liabilities | 100.82M | 59.27M | 81.86M | 8.61M | 6.55M |
| Stockholders Equity | 136.78M | 118.14M | 7.21M | 84.18M | 164.00M |
Cash Flow | |||||
| Free Cash Flow | -62.34M | -47.27M | -39.53M | -28.42M | -28.91M |
| Operating Cash Flow | -62.34M | -47.27M | -39.53M | -28.42M | -28.91M |
| Investing Cash Flow | 10.79M | -70.31M | -45.29M | 0.00 | 0.00 |
| Financing Cash Flow | 53.81M | 133.52M | 33.02M | 0.00 | -449.00K |
Eledon Pharmaceuticals Technical Analysis
Positive
3.10
Price Trends
2.59
Positive
2.16
Positive
2.58
Positive
Market Momentum
0.14
Positive
60.20
Neutral
71.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ELDN, the sentiment is Positive. The current price of 3.1 is above the 20-day moving average (MA) of 2.95, above the 50-day MA of 2.59, and above the 200-day MA of 2.58, indicating a bullish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 60.20 is Neutral, neither overbought nor oversold. The STOCH value of 71.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ELDN.
Eledon Pharmaceuticals Risk Analysis
Eledon Pharmaceuticals disclosed 37 risk factors in its most recent earnings report. Eledon Pharmaceuticals reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eledon Pharmaceuticals Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | $235.14M | ― | -46.46% | ― | ― | 72.35% | |
52 Neutral | $749.93M | -7.71 | -32.72% | ― | ― | -40.26% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | $938.77M | -3.77 | -101.33% | ― | ― | -35.62% | |
45 Neutral | $287.74M | -1.14 | -523.29% | ― | -24.90% | 7.19% | |
44 Neutral | $23.86M | -2.09 | 389.21% | ― | ― | -234.46% | |
41 Neutral | $27.21M | -1.38 | -135.79% | ― | -53.67% | 86.75% |
* Healthcare Sector Average
ELDN
Eledon Pharmaceuticals
3.10
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4.03%
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Eledon Pharmaceuticals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Eledon Pharmaceuticals Restructures Stake via Pre-Funded Warrant
Neutral
Jan 2, 2026
On December 30, 2025, Eledon Pharmaceuticals, Inc. entered into an exchange agreement with Coastlands Capital Partners LP under which Coastlands swapped 4,203,764 shares of Eledon common stock for a pre-funded warrant to purchase an equivalent num...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.