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As of close of business last night, Elanco Animal Health Inc’s stock clocked out at $12.82, down -1.61% from its previous closing price of $13.03. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 5.19 million shares were traded. ELAN stock price reached its highest trading level at $13.145 during the session, while it also had its lowest trading level at $12.775.
Ratios:
To gain a deeper understanding of ELAN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.12. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 6439191040 and an Enterprise Value of 11755408384. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 2.693 whereas that against EBITDA is 13.389.
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 -20.36%, while the 200-Day Moving Average is calculated to be -10.39%.
Shares Statistics:
It appears that ELAN traded 5.27M shares on average per day over the past three months and 5070790 shares per day over the past ten days. A total of 492.85M shares are outstanding, with a floating share count of 488.41M. Insiders hold about 1.17% of the company’s shares, while institutions hold 98.02% stake in the company. Shares short for ELAN as of 1721001600 were 13890079 with a Short Ratio of 2.64, compared to 1718323200 on 13914027. Therefore, it implies a Short% of Shares Outstanding of 13890079 and a Short% of Float of 4.5100003.
