Lilly(Eli) & Co (LLY) concluded trading on 01/11/24 at a closing price of $635.72, with 2.69 million shares of worth about $1.71 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 46.24% during that period and on Thursday the price saw a gain of about 0.88%. Currently the company’s common shares owned by public are about 950.18M shares, out of which, 847.88M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 26 analysts are covering the LLY stock and their offered price forecasts bring an average price target of $647.29. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $763.00 and could fall to a lowest price of $430.00. The stock’s current price level is 1.79% above of average price target set by the analysts, while a rise to estimated low would result in loss of -47.84% for the stock. However, touching the estimated high of $763.00 would mean a gain of 16.68% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 292 times over the past 12 months. They bought 248,926 shares in 92 of the transactions. In 200 selling transactions, insiders dumped 3,279,596 shares.
Lilly(Eli) & Co (NYSE: LLY) started trading at $634.39, above $4.2 from concluding price of the previous day. However, the stock later moved at a day high price of 639.76, or with a gain of 0.88%. Stock saw a price change of 3.45% in past 5 days and over the past one month there was a price change of 8.85%. Year-to-date (YTD), LLY shares are showing a performance of 9.06% which increased to 80.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $309.20 but also hit the highest price of $637.05 during that period. The average intraday trading volume for Lilly(Eli) & Co shares is 3.27 million. The stock is currently trading 7.38% above its 20-day simple moving average (SMA20), while that difference is up 7.64% for SMA50 and it goes to 25.57% higher than SMA200.
Lilly(Eli) & Co (NYSE: LLY) currently have 950.18M outstanding shares and institutions hold larger chunk of about 73.41% of that.
The stock has a current market capitalization of $603.50B and its 3Y-monthly beta is at 0.31. PE ratio of stock for trailing 12 months is 117.34, while it has posted earnings per share of $5.42 in the same period. Its PEG reads 4.09 and has Quick Ratio of 0.82 while making debt-to-equity ratio of 1.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LLY, volatility over the week remained 1.93% while standing at 2.04% over the month.
Stock’s fiscal year EPS is expected to drop by -17.44% while it is estimated to increase by 87.45% in next year.
Analysts at 26 brokerage firms have issued recommendations for the Lilly(Eli) & Co (LLY)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.69. Out of those 26 Wall Street analysts, 17 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Daiwa Securities on December 21, 2023 offering an Outperform rating for the stock and assigned a target price range of between $660 and $610 to it.
