Elanco Animal Health Incorporated (NYSE:ELAN) saw a downside of -0.78% to close Monday at $32.89 after subtracting -$0.26 on the day. The 5-day average trading volume is 2,948,000 shares of the company’s common stock. It has gained $33.73 in the past week. An average of 3,252,045 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,005,686.
ELAN’s 1-month performance is -1.47% or -$0.49 on its low of $31.41 reached on 09/20/21. The company’s shares have touched a 52-week low of $26.72 and high of $37.49, with the stock’s rally to the 52-week high happening on 07/29/21. YTD, ELAN has achieved 7.24% or $2.22. However, the current price is down -12.27%% from the 52-week high price.
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On Dec 03, 313 days have gone by since the last insider trading activity for Elanco Animal Health Incorporated (ELAN). BAYER AKTIENGESELLSCHAFT (10% Owner) most recently sold 54,500,000 shares at $29.84 per share on Dec 03. This transaction cost the insider $1,626,367,200.
Elanco Animal Health Incorporated (ELAN) has a trailing price-to-earnings (P/E) ratio of 23.00 for the broader industry and 32.24 for the sector. The company’s PE ratio for the last five years has touched a high of 226.36 and a low of 59.58. ELAN stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.43 while the price-to-book (PB) in the most recent quarter is 2.01.
Elanco Animal Health Incorporated’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.70 meaning that ELAN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.69, while the total debt to equity was 0.76. In terms of profitability, the gross margin trailing 12 months is 52.60%. The trailing 12-month EBITDA margin is 13.45% while for the period ending June 29; Elanco Animal Health Incorporated’s operating margin was -16.40%. The firm’s gross profit as reported stood at $1.61 billion against revenue of $3.27 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 48.58% to $1.28 billion, while revenue of $1.24 billion was 2.89% off the previous quarter. Analysts expected ELAN to announce $0.26 per share in earnings in its latest quarter, but it posted $0.28, representing a 7.70% surprise. EBITDA for the quarter stood at more than -$9.0 million. ELAN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.85 billion, with total debt at $6.13 billion. Shareholders hold equity totaling $473.02 million
Let’s look briefly at Elanco Animal Health Incorporated (ELAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 55.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.46%.
The stock’s 5-day moving average is $32.83, reflecting a +2.46% or $0.79 change from its current price. ELAN is currently trading -1.17% above its 20-day SMA, -7.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.82% and +8.08% respectively.
Stochastic %K and %D was 71.50% and 71.57% and the average true range (ATR) pointed at 0.73. The RSI (14) points at 52.67%, while the 14-day stochastic is at 60.56% with the period’s ATR at 0.74. The stock’s 9-day MACD Oscillator is pointing at 0.60 and 0.62 on the 14-day charts.
Analysts offering their rating for ELAN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ELAN as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is ELAN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $29.00 and a high of $42.00, with their median price target at $40.00. Looking at these predictions, the average price target given by analysts is for Elanco Animal Health Incorporated (ELAN) stock is $37.86.