rts logo

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%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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).

Related Posts