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The closing price of Elanco Animal Health Inc (NYSE: ELAN) was $13.94 for the day, down -1.97% from the previous closing price of $14.22. In other words, the price has decreased by -$1.97 from its previous closing price. On the day, 5.53 million shares were traded. ELAN stock price reached its highest trading level at $14.3 during the session, while it also had its lowest trading level at $13.82.
Ratios:
Our analysis of ELAN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.14. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 6888897024 and an Enterprise Value of 12308891648. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 2.82 whereas that against EBITDA is 14.019.
Stock Price History:
The Beta on a monthly basis for ELAN is 1.42, which has changed by 0.32761908 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 -14.65%, while the 200-Day Moving Average is calculated to be -1.57%.
Shares Statistics:
ELAN traded an average of 5.12M shares per day over the past three months and 8904850 shares per day over the past ten 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 97.70% stake in the company. Shares short for ELAN as of 1718323200 were 13914027 with a Short Ratio of 2.72, compared to 1715731200 on 16969694. Therefore, it implies a Short% of Shares Outstanding of 13914027 and a Short% of Float of 4.52.
