A new trading day began on Friday, with Elanco Animal Health Inc (NYSE: ELAN) stock price down -0.30% from the previous day of trading, before settling in for the closing price of $13.40. ELAN’s price has ranged from $11.40 to $18.80 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 9.00% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 2.91%. With a float of $487.53 million, this company’s outstanding shares have now reached $492.85 million.
In an organization with 9800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 48.77%, operating margin of 4.92%, and the pretax margin is 9.25%.
Elanco Animal Health Inc (ELAN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Elanco Animal Health Inc is 1.38%, while institutional ownership is 97.65%. The most recent insider transaction that took place on Aug 22 ’24, was worth 51,974. In this transaction Director of this company bought 3,500 shares at a rate of $14.85, taking the stock ownership to the 81,094 shares. Before that another transaction happened on Aug 12 ’24, when Company’s PRESIDENT, CEO AND DIRECTOR bought 100,000 for $13.01, making the entire transaction worth $1,300,610. This insider now owns 145,000 shares in total.
Elanco Animal Health Inc (ELAN) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.08 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.91% per share during the next fiscal year.
Elanco Animal Health Inc (NYSE: ELAN) Trading Performance Indicators
Here are Elanco Animal Health Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.31. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.48. Likewise, its price to free cash flow for the trailing twelve months is 17.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.41, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.92 in one year’s time.
Technical Analysis of Elanco Animal Health Inc (ELAN)
Let’s dig in a bit further. During the last 5-days, its volume was 3.93 million. That was inferior than the volume of 4.75 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.03%. Additionally, its Average True Range was 0.46.
During the past 100 days, Elanco Animal Health Inc’s (ELAN) raw stochastic average was set at 44.75%, which indicates a significant increase from 42.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.09% in the past 14 days, which was higher than the 39.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.70, while its 200-day Moving Average is $14.86. However, in the short run, Elanco Animal Health Inc’s stock first resistance to watch stands at $13.50. Second resistance stands at $13.63. The third major resistance level sits at $13.81. If the price goes on to break the first support level at $13.19, it is likely to go to the next support level at $13.01. Assuming the price breaks the second support level, the third support level stands at $12.88.
Elanco Animal Health Inc (NYSE: ELAN) Key Stats
With a market capitalization of 6.58 billion, the company has a total of 494,353K Shares Outstanding. Currently, annual sales are 4,417 M while annual income is -1,231 M. The company’s previous quarter sales were 1,030 M while its latest quarter income was 364,000 K.
