Elanco Animal Health Inc (ELAN) concluded trading on Wednesday at a closing price of $13.26, with 8.99 million shares of worth about $119.18 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.12% during that period and on October 16, 2024 the price saw a loss of about -4.95%. Currently the company’s common shares owned by public are about 492.85M shares, out of which, 488.20M shares are available for trading.
Stock saw a price change of -9.12% in past 5 days and over the past one month there was a price change of -7.21%. Year-to-date (YTD), ELAN shares are showing a performance of -11.01% which increased to 38.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.52 but also hit the highest price of $18.80 during that period. The average intraday trading volume for Elanco Animal Health Inc shares is 4.79 million. The stock is currently trading -7.29% below its 20-day simple moving average (SMA20), while that difference is down -7.99% for SMA50 and it goes to -12.31% lower than SMA200.
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Elanco Animal Health Inc (NYSE: ELAN) currently have 492.85M outstanding shares and institutions hold larger chunk of about 97.73% of that.
The stock has a current market capitalization of $6.55B and its 3Y-monthly beta is at 1.40. It has posted earnings per share of -$2.55 in the same period. It has Quick Ratio of 1.75 while making debt-to-equity ratio of 0.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ELAN, volatility over the week remained 3.41% while standing at 4.34% over the month.
Stock’s fiscal year EPS is expected to rise by 3.32% while it is estimated to increase by 5.49% in next year.
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 Morgan Stanley on September 19, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $17 and $15 to it. Coverage by Stifel stated Elanco Animal Health Inc (ELAN) stock as a Buy in their note to investors on January 05, 2024, suggesting a price target of $20 for the stock. On December 19, 2023, Jefferies Initiated their recommendations, while on December 15, 2023, Morgan Stanley Upgrade their ratings for the stock with a price target of $16. Stock get an Outperform rating from Exane BNP Paribas on December 07, 2023.
