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Elanco Animal Health Inc (ELAN) Stock Could Soon Reward Patient Investors

Elanco Animal Health Inc (NYSE: ELAN) is -8.99% lower on its value in year-to-date trading and has touched a low of $8.52 and a high of $18.80 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 $13.94 in the last trading session, with the day’s loss setting it -0.38%.

Currently trading at $13.56, the stock is -18.93% and -17.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.76 million and changing -2.73% at the moment leaves the stock -4.33% off its SMA200. ELAN registered 35.06% gain for a year compared to 6-month gain of -12.23%.

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The stock witnessed a -25.78% loss in the last 1 month and extending the period to 3 months gives it a -12.40%, and is -3.83% 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 3.47% over the week and 3.76% over the month.

Elanco Animal Health Inc (ELAN) has around 9800 employees, a market worth around $6.70B and $4.37B in sales. Fwd P/E is 12.64. Profit margin for the company is -29.83%. Distance from 52-week low is 59.15% and -27.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.05%).

The EPS is expected to grow by 5.77% this year.

Elanco Animal Health Inc (ELAN) Top Institutional Holders

The shares outstanding are 492.85M, and float is at 488.40M with Short Float at 2.85%.

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 May 21 ’24 at a price of $16.98 per share for a total of $0.25 million. Following the purchase, the insider now owns 76330.0 shares.

Elanco Animal Health Inc disclosed in a document filed with the SEC on Mar 08 ’24 that DOYLE WILLIAM F (Director) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $16.30 per share for $0.24 million. Following the transaction, the insider now directly holds 61330.0 shares of the ELAN stock.

Still, SEC filings show that on Mar 08 ’24, Harrington Michael J (Director) acquired 3,100 shares at an average price of $16.29 for $50494.0. The insider now directly holds 77,594 shares of Elanco Animal Health Inc (ELAN).

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