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Vol. II · No. 256Sunday, 13 September 2026
TTitan Protect
The Screen · Healthcare · Medical Devices

Elutia Inc.

ELUT · Nasdaq · USD · Market cap $48M · 25 employees

Elutia Inc., a commercial-stage company, focuses on developing drug-eluting biomatrix products for use in surgical reconstruction and related applications.

FAIL · Does not pass the screen
1.00 USD

At the last full screen
2026-05-14

Screened 2026-05-14 · the tape above runs as of 10:31 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed

The Label · The Season, Not the Day

This name holds its accumulation label.

Elutia Inc. holds its Accumulation at $1.00. The statistical read favours the sellers, held for 1 days.

As held on the ledger · 2026-05-14
PhaseAccumulation
Quantitative stateThe statistical read favours the sellers, held for 1 days
Price at the screen$1.00
Valuation0.00 trailing · -0.95 forward price to earnings
Values screenFAIL · score 10.0
Beta0.76
The Workings

Five Screens, Shown in Full

Does not pass. Cash ratio

TestFigureLimitWhat it meansStatus
Business activity Permissible Core business clean Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
Debt load 8.14% Below 33% Interest-bearing debt is just 8.1% of its assets, well under the one-third ceiling: it does not run on borrowed money. Pass
Interest-bearing cash 75.07% Below 33% Interest-bearing cash and securities are 75.1% of assets, above the one-third limit. Fail
Receivables 0.00% Below 49% Money owed to the company is 0.0% of assets, under the 49% limit. Pass
Revenue purity 0.00% Below 5% Only 0.0% of revenue comes from non-compliant sources, under the 5% line. Pass

Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.

What the Numbers Say It Is Worth

The Fair Value Range

Our framework reads AVOID: 16.20% revenue growth.

Reading the gap · Our more conservative model reads it as roughly fairly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.

Price History & Projections
$11.4$5.6$-0.1TODAY5y agoPROJECTIONStreet avg$5.00 +363%Street high$5.00 +363%

Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-05-14 screen.

Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.

The Business, in Plain Words

Why it gives us pause

At -0.9x forward earnings, the price already runs ahead of the business.

The fundamentals · plain-English read
Forward P/E-0.9x
Trailing P/E0.0x
EPS, trailing-0.64
EPS, forward-1.10
Revenue growth+16.2%steady growth
Profit margin434.2%highly profitable on every dollar of sales
Return on equity0.0%not currently earning a positive return on equity
Debt to equity0.14minimal debt: a conservative balance sheet
Current ratio2.22comfortably covers its short-term bills
Beta0.76steadier than the market
Short interest, float0.00%
52-week range0.50 - 2.64
Market cap$48M
Employees25

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & How to Trade

ELUT trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The Dated Journal · Newest First, Never Edited

Every Entry, As Written

2026-08-27 Accumulation $1.00 +0.0% Entry 5

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading overbought. Over the past year the shares are down 46%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (1 analysts) rates it strong buy, with a mean price target of $5.

2026-07-27 Accumulation $1.00 +0.0% Entry 4

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading overbought. Over the past year the shares are down 46%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (1 analysts) rates it strong buy, with a mean price target of $5.

2026-07-18 Accumulation $1.00 +0.0% Entry 3

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading overbought. Over the past year the shares are down 46%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (1 analysts) rates it strong buy, with a mean price target of $5.

2026-07-03 Accumulation $1.00 +0.0% Entry 2

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.

2026-07-02 Accumulation $1.00 Entry 1

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The Insider Ledger · Form 4 Filings, As Filed
Most recent filings · ELUT
DateInsiderTitleTypeSharesValue
2026-03-10 MILLS CHARLES RANDAL Chief Executive Officer 27,084 ·
2026-03-10 FERGUSON MATTHEW B Chief Financial Officer 12,500 ·
2026-03-10 WILLIAMS MICHELLE LEROUX Officer 12,500 ·
2026-01-30 NEELS GUIDO J Director 20,000 $20,800
2026-01-30 RAKIN KEVIN L Director and Beneficial Owner of more than 10% of a Class of Security 70,000 $74,200
2026-01-29 NEELS GUIDO J Director 30,000 $31,800
2025-12-17 MAKES BRIGID A Director 25,000 $13,000
2025-12-17 RAKIN KEVIN L Director and Beneficial Owner of more than 10% of a Class of Security 50,000 $25,995
2025-12-17 MILLS CHARLES RANDAL Chief Executive Officer 3,000 $1,530
2025-12-17 FERGUSON MATTHEW B Chief Financial Officer 60,000 $31,800

Public filings, recorded as found. The full tape lives at Insider Intelligence.

What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $1.06 +1.9% · $1,019 +1.9%
2 months $1.13 -4.4% · $956 -4.4%
3 months $1.15 -6.1% · $939 -6.1%
6 months $0.70 +54.7% · $1,547 +54.7%
1 year $1.99 -45.7% · $543 -45.7%
2 years $3.47 -68.9% · $311 -68.9%
3 years $2.27 -52.4% · $476 -52.4%
5 years $10.59 -89.8% · $102 -89.8%

Historical returns from market close data. Past performance does not guarantee future results.

The Ledger's Promise

This entry now belongs to the ledger. Whatever ELUT does next, these words stay.

Elutia Inc. · ELUT · Accumulation · $1.00
Recorded 2026-05-14 · before the outcome · scored mechanically

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