Evelo Biosciences Inc. (NASDAQ:EVLO) traded today at a new 52-week high of $19.77. This new high was reached on above average trading volume as 9.4 million shares traded hands, while the average 30-day volume is approximately 294,000 shares.
Evelo Biosciences Inc is a United States-based biotechnology company. It is engaged in discovering and developing a new class of orally delivered investigational medicines that are intended to act on cells in the small intestine to produce therapeutic effects throughout the body. Its lead product candidate under development is EDP1815, which is for the treatment of inflammatory diseases and the hyperinflammatory response associated with COVID-19. Other products in the pipeline include EDP1867 and EDP2939 for the treatment of inflammatory disease and EDP1908 for the treatment of cancer.
Evelo Biosciences Inc. share prices have moved between a 52-week high of $19.77 and a 52-week low of $2.55 and are now trading 27% above that low price at $3.25 per share.
Potential upside of 6.8% exists for Evelo Biosciences Inc., based on a current level of $3.25 and analysts’ average consensus price target of $3.46.
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