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 -10.01% away from its 52-week high, while its distance from the 52-week low is 77.06%. The stock’s price range during this period has varied between $8.02 and $15.78. The company, active in the Healthcare sector, saw a trading volume of around 6.89 million for the day, considerably higher average daily volume of 5.75 million observed over the last three months.
Elanco Animal Health Inc (ELAN) has a current stock price of $14.2. During the previous trading session, the stock witnessed a notable rise, reaching a high of $18.0 after opening at $14.2. The stock’s low for the day was $12.0, and it eventually closed at $14.07.
Elanco Animal Health Inc’s stock market performance has been consistent.
How Financial Performance Impacts Market Capitalization
Elanco Animal Health Inc (ELAN) has experienced a quarterly rise of 47.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.05B and boasts a workforce of 9450 employees.
Decoding Analysts’ Ratings for Elanco Animal Health Inc
As of right now, 8 analysts are rating Elanco Animal Health Inc as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
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 12.27, with a change in price of +3.81. Similarly, Elanco Animal Health Inc recorded 5,530,831 in trading volume during the last 100 days, posting a change of +36.67%.
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 0.69. Similarly, the long-term debt-to-equity ratio is also 0.68.
ELAN Stock Stochastic Average
As of today, the raw stochastic average of Elanco Animal Health Inc over the last 50 days is at 64.84%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 45.38%. Further, the company’s Stochastic %K and %D values for the last 20 days were 35.29% and 22.29%, respectively.
ELAN Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price gain of 8.90% this year. Over the last six months, there has been a weaker performance of 21.16%. The price of ELAN leaped by -1.87% during the last 30 days period. For the last 5-days stocks have slided -1.32%.
