Elanco Animal Health Inc (ELAN) kicked off at the price of $15.48: Venture capitalists have an exciting new opportunity

Elanco Animal Health Inc (NYSE: ELAN) kicked off on Monday, down -0.51% from the previous trading day, before settling in for the closing price of $15.56. Over the past 52 weeks, ELAN has traded in a range of $7.88-$16.88.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 9.00%. While this was happening, its average annual earnings per share was recorded 3.52%. With a float of $488.14 million, this company’s outstanding shares have now reached $492.85 million.

Let’s determine the extent of company efficiency that accounts for 9800 employees.

Elanco Animal Health Inc (ELAN) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Elanco Animal Health Inc is 0.98%, while institutional ownership is 98.34%. The most recent insider transaction that took place on Mar 08 ’24, was worth 244,500. In this transaction Director of this company bought 15,000 shares at a rate of $16.30, taking the stock ownership to the 61,330 shares. Before that another transaction happened on Mar 08 ’24, when Company’s Director bought 3,100 for $16.29, making the entire transaction worth $50,494. This insider now owns 77,594 shares in total.

Elanco Animal Health Inc (ELAN) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.08 earnings per share (EPS), lower than consensus estimate (set at $0.11) by -$0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 3.52% per share during the next fiscal year.

Elanco Animal Health Inc (NYSE: ELAN) Trading Performance Indicators

Take a look at Elanco Animal Health Inc’s (ELAN) current performance indicators. Last quarter, stock had a quick ratio of 1.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.73. Likewise, its price to free cash flow for the trailing twelve months is 58.25.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.50, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.06 in one year’s time.

Technical Analysis of Elanco Animal Health Inc (ELAN)

Looking closely at Elanco Animal Health Inc (NYSE: ELAN), its last 5-days average volume was 3.55 million, which is a drop from its year-to-date volume of 4.33 million. As of the previous 9 days, the stock’s Stochastic %D was 14.21%. Additionally, its Average True Range was 0.39.

During the past 100 days, Elanco Animal Health Inc’s (ELAN) raw stochastic average was set at 78.33%, which indicates a significant increase from 10.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.97% in the past 14 days, which was lower than the 32.70% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.86, while its 200-day Moving Average is $12.81. However, in the short run, Elanco Animal Health Inc’s stock first resistance to watch stands at $15.61. Second resistance stands at $15.74. The third major resistance level sits at $15.82. If the price goes on to break the first support level at $15.39, it is likely to go to the next support level at $15.31. Now, if the price goes above the second support level, the third support stands at $15.18.

Elanco Animal Health Inc (NYSE: ELAN) Key Stats

The company with the Market Capitalisation of 7.63 billion has total of 492,970K Shares Outstanding. Its annual sales at the moment are 4,417 M in contrast with the sum of -1,231 M annual income. Company’s last quarter sales were recorded 1,035 M and last quarter income was -141,000 K.