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The price of Elanco Animal Health Inc (NYSE: ELAN) closed at $17.85 in the last session, down -1.65% from day before closing price of $18.15. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 5.05 million shares were traded. ELAN stock price reached its highest trading level at $18.23 during the session, while it also had its lowest trading level at $17.725.
Ratios:
We take a closer look at ELAN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.96 and its Current Ratio is at 3.29. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.95.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on January 05, 2024, Upgraded its rating to Buy and sets its target price to $20 from $13 previously.
On December 19, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $17.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 15, 2023, while the target price for the stock was maintained at $16.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 21 ’24 when DOYLE WILLIAM F bought 15,000 shares for $16.98 per share. The transaction valued at 254,700 led to the insider holds 76,330 shares of the business.
DOYLE WILLIAM F bought 15,000 shares of ELAN for $244,500 on Mar 08 ’24. The Director now owns 61,330 shares after completing the transaction at $16.30 per share. On Mar 08 ’24, another insider, Harrington Michael J, who serves as the Director of the company, bought 3,100 shares for $16.29 each. As a result, the insider paid 50,494 and bolstered with 77,594 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELAN now has a Market Capitalization of 8821148672 and an Enterprise Value of 14241141760. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.02 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 3.263 whereas that against EBITDA is 16.22.
Stock Price History:
Over the past 52 weeks, ELAN has reached a high of $18.80, while it has fallen to a 52-week low of $8.52. The 50-Day Moving Average of the stock is 11.03%, while the 200-Day Moving Average is calculated to be 27.24%.
Shares Statistics:
According to the various share statistics, ELAN traded on average about 4.25M shares per day over the past 3-months and 3451880 shares per day over the past 10 days. A total of 492.85M shares are outstanding, with a floating share count of 488.40M. Insiders hold about 1.17% of the company’s shares, while institutions hold 97.95% stake in the company. Shares short for ELAN as of 1715731200 were 16969694 with a Short Ratio of 3.88, compared to 1713139200 on 15519163. Therefore, it implies a Short% of Shares Outstanding of 16969694 and a Short% of Float of 5.510000000000001.
