Elanco Animal Health Inc (ELAN) saw downtrend of -0.30% in the recent trading with $13.36 being its most recent. The current price level -28.94% lower than the highest price of $18.80 marked by the stock while trading over the past 52-weeks, whereas it is 17.19% higher than the lowest price of $11.40 the company dropped to over past 52-weeks. The latest news story on ELAN appeared in (GlobeNewswire) under the title “Elanco (ELAN) Faces Federal Lawsuit Over Alleged Misrepresentation of Zenrelia’s Safety Profile Hagens Berman”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free.
Sponsored
Squeezing the time span to 30 day period shows us the stock is currently trading -9.42% below one month high and is +9.64% above of the lowest during that time. Looking into the simple moving average, Elanco Animal Health Inc (ELAN)’s stock stands at a SMA-50 of $13.70 while that of 5-day is reading $13.39.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and ELAN’s SMA-200 as of now is $14.86.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 5 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.86 for the stock.
Elanco Animal Health Inc Earnings – What Happened With ELAN
Coming around sales and income figures on ELAN Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Elanco Animal Health Inc (ELAN) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -23.41% for net revenue.
ELAN – Elanco Animal Health Inc Stock Earnings Estimates
The perspective of Elanco Animal Health Inc (NYSE:ELAN)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.1 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.08.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 492.85 million. ELAN does have institutional investors; and they hold 97.65% of the stock.
Elanco Animal Health Inc – Insider Activity and Holdings
As on 2024-06-30, DODGE & COX was the top most holder in Elanco Animal Health Inc (NYSE:ELAN) with an ownership of 83.58 million shares of the company or 16.9471 of the stake worth $1.21 billion. The filing also reveals PRIMECAP MANAGEMENT CO/CA/ as the second largest holder in the company with a control over 10.7062 of the outstanding shares. Its stake is worth $761.94 million for having 52.8 million shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 10.0259 of the outstanding shares. With this there are now 539.0 institutions which have possession in ELAN’s shares.
Currently, the stock has been recommended as Strong Buy by 5 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.86 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Elanco Animal Health Inc has a debt to equity ratio of 0.67.
Technical Analysis of Elanco Animal Health Inc (NYSE:ELAN) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Elanco Animal Health Inc (ELAN), we notice that the stock’s 20-day average volume is at 4,635,325 shares and 75% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 4,764,842 shares. And to end, ELAN’s 100-day average volume is 4,771,209 shares with 100% of the long-term indicators pointing towards Sell for the stock.
