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The price of Elanco Animal Health Inc (NYSE: ELAN) closed at $14.08 in the last session, up 1.00% from day before closing price of $13.94. In other words, the price has increased by $1.00 from its previous closing price. On the day, 6.22 million shares were traded. ELAN stock price reached its highest trading level at $14.31 during the session, while it also had its lowest trading level at $13.645.
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 16.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.38. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.93. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.92.
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 Aug 12 ’24 when Simmons Jeffrey N bought 100,000 shares for $13.01 per share. The transaction valued at 1,300,610 led to the insider holds 145,000 shares of the business.
DOYLE WILLIAM F bought 15,000 shares of ELAN for $254,700 on May 21 ’24. The Director now owns 76,330 shares after completing the transaction at $16.98 per share. On Mar 08 ’24, another insider, DOYLE WILLIAM F, who serves as the Director of the company, bought 15,000 shares for $16.30 each. As a result, the insider paid 244,500 and bolstered with 61,330 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 6960095744 and an Enterprise Value of 12209096704. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 2.718 whereas that against EBITDA is 13.199.
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 -5.57%, while the 200-Day Moving Average is calculated to be -3.20%.
Shares Statistics:
According to the various share statistics, ELAN traded on average about 5.39M shares per day over the past 3-months and 6585430 shares per day over the past 10 days. A total of 492.85M shares are outstanding, with a floating share count of 488.24M. Insiders hold about 1.23% of the company’s shares, while institutions hold 98.96% stake in the company. Shares short for ELAN as of 1722384000 were 13502379 with a Short Ratio of 2.50, compared to 1719532800 on 11836172. Therefore, it implies a Short% of Shares Outstanding of 13502379 and a Short% of Float of 4.38.
