The stock of Eli Lilly and Company (NYSE:LLY) increased by $3.68 on Tuesday to finish at $574.96, up 0.64 percent. The last five days have seen an average of 3,444,440 shares of common stock traded. 41 times new highs were reached in the current year, with a gain of $209.12. The average number of shares traded over the last 20 days was 2,751,640, while the average volume over the last 50 days totaled 2,913,296.
LLY stock appreciated 5.22% since last month. On 08/31/23, the company’s shares reached a one-month low of $543.00. The stock touched a high of $601.84 on 09/14/23, after rallying from a low of $296.32 in 52 weeks. The price of LLY stock has risen by 57.16% or $209.12 this year, reaching a new high 41 times. Still, the stock price is down -4.47% from the 52-week high.
Insider Transactions
LLY stock investors should be aware that Eli Lilly and Company (LLY) stock had its last reported insider trading activity 8 days ago on Sep 12. On Sep 12, EVP, ERM & CECO Weems Alonzo sold 1,148 shares at $590.98 each. This transaction resulted in the insider making $678,445. On Sep 07, LILLY ENDOWMENT INC sold 210,000 shares at a price of US$571.41. After the transaction, the insider now owns 99,983,810 shares. 10% Owner LILLY ENDOWMENT INC had earlier sold 46,541 shares on Aug 31 for $554.81 a share. The transaction was completed for $25,821,607.
Valuation Metrics
Eli Lilly and Company (LLY) has a trailing price-to-earnings (P/E) ratio of 79.88. Beta for the stock is 0.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 19.00, the price-to-book (PB) ratio of 46.74, and the price-to-cash flow ratio of 174.67.
Company paid $1.13 per share in dividends, remained unchanged from $1.13 last year. A $0.15 dividend increase was reported on Monday December 12 2022.
Financial Health
For the three months ended June 29, Eli Lilly and Company’s quick ratio was 0.90, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.64, and the total debt to equity ratio is 1.70. As far as profitability goes, gross margin for the trailing twelve months is 77.80% percent. Eli Lilly and Company’s EBITDA margin for the year ended June 29 was 34.35%, whereas its operating margin stood at 24.20% for the same period. Based on annual data, it had gross profit of $21.91 billion and revenue of $28.54 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LLY’s return on assets (ROA) during the last 12 months has been 12.70%. There was a 24.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 60.50%.
Earnings Surprise
According to Eli Lilly and Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.31 billion, while revenues rose by 21.95% to $6.96 billion. It was predicted that Eli Lilly and Company’s quarterly earnings would be $2.11, but it ended up being $1.98, beating the consensus by 6.60%. EBITDA was $2.49 billion for the quarter. At the end of Eli Lilly and Company’s most recent quarter ended June 29, its liabilities totaled 43.66 billion, while its total debt was $18.95 billion. Equity owned by shareholders amounts to $949.29 million.
Technical Picture
Here’s a quick look at Eli Lilly and Company’s (LLY) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 55.17%, suggesting the stock is Neutral, with a 25.07% historical volatility rate.
The stochastic %K and %D were 52.63% and 64.26% respectively, while the average true range (ATR) was 11.87. Based on the 14-day stochastic reading of 54.32%, the RSI (14) reading is 61.76%. On the 9-day MACD Oscillator, the stock is at -11.25, and the 14-day reading is at -0.63.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on Eli Lilly and Company (NYSE: LLY) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Eli Lilly and Company (LLY) an Overweight rating. LLY is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 3 rates it overweight and 18 others recommend it as a buy.
What is LLY’s price target for the next 12 months?
The current consensus forecast for the stock is between $340.00 and $640.00, with a median target price of $600.00. In analyzing these forecasts, the average price target given by analysts for Eli Lilly and Company (LLY) is $571.97.
