Elanco Animal Health Inc (NYSE: ELAN) is -8.46% lower on its value in year-to-date trading and has touched a low of $7.88 and a high of $16.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ELAN stock was last observed hovering at around $13.87 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $13.64, the stock is -12.14% and -13.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.3 million and changing -1.66% at the moment leaves the stock 5.51% off its SMA200. ELAN registered 46.98% gain for a year compared to 6-month gain of 47.30%.
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The stock witnessed a -13.23% loss in the last 1 month and extending the period to 3 months gives it a -9.85%, and is -10.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.37% over the week and 2.57% over the month.
Elanco Animal Health Inc (ELAN) has around 9800 employees, a market worth around $6.72B and $4.42B in sales. Fwd P/E is 12.87. Profit margin for the company is -27.87%. Distance from 52-week low is 73.10% and -19.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.20%).
Elanco Animal Health Inc quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $1.17B over the same period.The EPS is expected to grow by 3.52% this year, but quarterly earnings will post 1.80% year-over-year. Quarterly sales are estimated to shrink -6.50% in year-over-year returns.
Elanco Animal Health Inc (ELAN) Top Institutional Holders
The shares outstanding are 492.85M, and float is at 488.17M with Short Float at 2.55%.
Elanco Animal Health Inc (ELAN) Insider Activity
The most recent transaction is an insider purchase by DOYLE WILLIAM F,the company’sDirector. SEC filings show that DOYLE WILLIAM F bought 15,000 shares of the company’s common stock on Mar 08 ’24 at a price of $16.30 per share for a total of $0.24 million. Following the purchase, the insider now owns 61330.0 shares.
Elanco Animal Health Inc disclosed in a document filed with the SEC on Mar 08 ’24 that Harrington Michael J (Director) bought a total of 3,100 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $16.29 per share for $50494.0. Following the transaction, the insider now directly holds 77594.0 shares of the ELAN stock.
Still, SEC filings show that on Mar 06 ’24, HOOVER R DAVID (Director) acquired 20,000 shares at an average price of $16.14 for $0.32 million. The insider now directly holds 185,000 shares of Elanco Animal Health Inc (ELAN).
