ELAN Stock Summary and Trading Ideas (Elanco Animal Health | NYSE:ELAN)

Elanco Animal Health Inc is an animal health company that is engaged in innovating, developing, manufacturing, and marketing products for companion and food animals. Geographically, the company's operations are conducted globally and sell its products in over 90 countries. It offers a range of food animal products used in cattle, sheep, goats, and swine production. The company's product portfolio of approximately 200 brands.

Elanco Animal Health trades on the NYSE stock market under the symbol ELAN.

As of April 24, 2024, ELAN stock price declined to $13.31 with 3,600,247 million shares trading.

ELAN has a beta of 2.13, meaning it tends to be more sensitive to market movements. ELAN has a correlation of 0.34 to the broad based SPY ETF.

ELAN has a market cap of $6.58 billion. This is considered a Mid Cap stock.

Last quarter Elanco Animal Health reported $1 billion in Revenue and $.08 earnings per share. This beat revenue expectation by $35 million and missed earnings estimates by -$.03.

In the last 3 years, ELAN stock traded as high as $37.49 and as low as $7.88.

The top ETF exchange traded funds that ELAN belongs to (by Net Assets): VTI, VB, VBR, VXF, DFAT.

ELAN has outperformed the market in the last year with a return of +30.9%, while the SPY ETF gained +24.1%. However, in the most recent history, ELAN shares have underperformed the stock market with its stock returning -8.6% in the last 3 month period and -9.8% for the last 2 week period, while SPY has returned +4.5% and -1.7%, respectively.

ELAN support price is $13.16 and resistance is $13.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ELAN stock will trade within this expected range on the day.