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Saturday, December 9, 2023

Is Elanco Animal Health Inc (NYSE: ELAN) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Elanco Animal Health Inc (ELAN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -0.47%, to $10.50. The Elanco Animal Health Inc has recorded 652,682 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Elanco Animal Health Reports Third Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Drug Manufacturers – Specialty & Generic industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $10.55 and fluctuated between $10.81 as its day high and $10.42 as its day low. The current market capitalization of Elanco Animal Health Inc is $5.20B. A total of 5.05 million shares were traded on the day, compared to an average of 5.19M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ELAN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 39 BUYs and 24 SELLs from insiders. Insiders purchased 1,527,706 shares during that period but sold 398,135.

In the most recent transaction, HOOVER R DAVID bought 5,000 shares of ELAN for 9.55 per share on Mar 14. After the transaction, the Director now owns 165,000 company shares. In a previous transaction on Mar 13, HOOVER R DAVID bought 5,000 shares at 9.46 per share. ELAN shares that Director owns now total 160,000.

Among the insiders who bought shares, Simmons Jeffrey N acquired of 15,000 shares on Mar 10 at a per-share price of $9.60. This resulted in the PRESIDENT, CEO AND DIRECTOR holding 45,000 shares of ELAN after the transaction. In another insider transaction, HOOVER R DAVID bought 10,000 shares at $11.13 per share on Mar 03. Company shares held by the Director now total 155,000.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ELAN in the last 3 months, the mean price target is $13.63 with high estimates of $18.00 and low estimates of $10.00. In terms of 52-week highs and lows, ELAN has a high of $14.69 and a low of $7.88.

As of this writing, ELAN has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.08. The company reported an EPS of $0.18 in the last quarter, which was 260.00% higher than expectations of $0.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ELAN’s latest balance sheet shows that the firm has $638.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.32B in debt and $1.64B in liabilities at the time. Its Book Value Per Share was $12.45, while its Total Shareholder’s Equity was $7.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ELAN is Buy with a score of 3.44.

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