After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Elanco Launches Multi-Year Mission to Save 1 Million Puppies from Canine Parvovirus.
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Stocks Info
As a NYSE listed company, ELAN falls under the Healthcare sector while operating within the Drug Manufacturers – Specialty & Generic industry segment. At the end of the last regular session, the stock closed at $14.80 and fluctuated between $15.00 as its day high and $14.70 as its day low. The current market capitalization of Elanco Animal Health Inc is $7.29B. A total of 3.77 million shares were traded on the day, compared to an average of 5.54M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ELAN has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 11,295 shares. Over the last 12 months, there were 24 BUYs and 24 SELLs from insiders. Insiders purchased 980,603 shares during that period but sold 399,837.
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.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ELAN in the last 3 months, the mean price target is $15.85 with high estimates of $20.00 and low estimates of $12.00. In terms of 52-week highs and lows, ELAN has a high of $15.94 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 10 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
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $1.65B in liabilities at the time. Its Book Value Per Share was $12.45, while its Total Shareholder’s Equity was $7.51B.
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 4.00.
