With 9.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.59 million shares. The 52-week range on ELAN shows that it touched its highest point at $18.80 and its lowest point at $8.02 during that stretch. It currently has a 1-year price target of $14.70. Beta for the stock currently stands at 1.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ELAN was up-trending over the past week, with a rise of 36.91%, but this was up by 51.04% over a month. Three-month performance surged to 14.11% while six-month performance fell -10.21%. The stock lost -24.30% in the past year, while it has gained 7.51% so far this year. A look at the trailing 12-month EPS for ELAN yields 0.75 with Next year EPS estimates of 0.96. For the next quarter, that number is 0.22. This implies an EPS growth rate of -8.76% for this year and 15.18% for next year. EPS is expected to grow by 6.01% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.95%.
Float and Shares Shorts:
At present, 496.46 million ELAN shares are outstanding with a float of 491.95 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ELAN since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.93338 being high and $0.90327 being low. For ELAN, this leads to a yearly average estimate of $0.91331.
