Elanco Animal Health Inc (NYSE: ELAN) Is Under Pressure Due To Weak Fundamental Momentum.

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In the last trading session, 4.3 million Elanco Animal Health Inc (NYSE:ELAN) shares changed hands as the company’s beta touched 1.33. With the company’s per share price at $13.64 changed hands at -$0.23 or -1.66% during last session, the market valuation stood at $6.72B. ELAN’s last price was a discount, traded about -23.75% off its 52-week high of $16.88. The share price had its 52-week low at $7.88, which suggests the last value was 42.23% up since then. When we look at Elanco Animal Health Inc’s average trading volume, we note the 3-month average coming to 4.16 million.

Elanco Animal Health Inc (NYSE:ELAN) trade information

Instantly ELAN was in red as seen at the end of in last trading. With action -10.67%, the performance over the past five days has been red. The drop to weekly highs of 15.05 subtracted -1.66% to the stock’s daily price. The company’s shares are showing year-to-date downside of -8.46%, with the 5-day performance at -10.67% in the red. However, in the 30-day time frame, Elanco Animal Health Inc (NYSE:ELAN) is -13.23% down.

Elanco Animal Health Inc (ELAN) estimates and forecasts

Data shows that the Elanco Animal Health Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 47.30% over the past 6 months, a 2.25% in annual growth rate that is considerably lower than the industry average of 15.20%.

The 2024 estimates are for Elanco Animal Health Inc earnings to increase by 3.52%, but the outlook for the next 5-year period is at 8.87% per year.

ELAN Dividends

Elanco Animal Health Inc is expected to release its next quarterly earnings report in May.