Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Elanco Animal Health Inc’s current trading price is -33.94% away from its 52-week high, while its distance from the 52-week low is 8.95%. The stock’s price range during this period has varied between $11.40 and $18.80. The company, active in the Healthcare sector, saw a trading volume of around 5.08 million for the day, considerably higher average daily volume of 4.71 million observed over the last three months.
Elanco Animal Health Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $18.80 on 06/12/24, and the lowest price during the same period was recorded at $11.40 on 08/08/24.
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How Financial Performance Impacts Market Capitalization
Elanco Animal Health Inc (ELAN) has experienced a quarterly decline of -14.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.14B and boasts a workforce of 9800 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.71, with a change in price of -0.30. Similarly, Elanco Animal Health Inc recorded 4,746,181 in trading volume during the last 100 days, posting a change of -2.36%.
How ELAN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ELAN stands at 0.67. Similarly, the long-term debt-to-equity ratio is also 0.66.
ELAN Stock Stochastic Average
As of today, the raw stochastic average of Elanco Animal Health Inc over the past 50 days is 12.93%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 14.23%. Additionally, the Stochastic %K and %D values for the company were 20.97% and 15.06%, respectively, over the past 20 days.
ELAN Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -16.64% this year. Over the last six months, there has been a stronger performance of -32.32%. The price of ELAN leaped by -11.73% during the last 30 days period. For the last 5-days stocks have slided -0.48%.
