Eli Lilly and Company [LLY] Stock trading around $323.14 per share: What’s Next?

Eli Lilly and Company [NYSE: LLY] surged by $4.27 during the normal trading session on Thursday and reaching a high of $323.37 during the day while it closed the day at $323.14. The company report on August 25, 2022 that Lilly to Participate in Citi’s 17th Annual BioPharma Conference.

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Eli Lilly and Company (NYSE: LLY) will attend Citi’s 17th Annual BioPharma Conference on Wednesday, Sept. 7, 2022. Daniel Skovronsky, M.D., Ph.D., Lilly’s chief scientific and medical officer, and president of Lilly Research Laboratories, will participate in a fireside chat at 3:30 p.m., Eastern time.

A live audio webcast will be available on the “Webcasts & Presentations” section of Lilly’s Investor website at https://investor.lilly.com/webcasts-and-presentations. A replay of the presentation will be available on this same website for approximately 90 days.

Eli Lilly and Company stock has also gained 2.03% of its value over the past 7 days. However, LLY stock has inclined by 5.25% in the 3 months of the year. Over the past six months meanwhile, it has gained 32.94% and gained 16.99% year-on date.

The market cap for LLY stock reached $301.28 billion, with 950.17 million shares outstanding and 948.27 million shares in the current float. Compared to the average trading volume of 2.84M shares, LLY reached a trading volume of 1975926 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Eli Lilly and Company [LLY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LLY shares is $335.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LLY stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

SVB Leerink have made an estimate for Eli Lilly and Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 23, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $265 to $364. The new note on the price target was released on April 06, 2022, representing the official price target for Eli Lilly and Company stock. Previously, the target price had yet another raise to $286, while Daiwa Securities analysts kept a Outperform rating on LLY stock.

The Average True Range (ATR) for Eli Lilly and Company is set at 7.04, with the Price to Sales ratio for LLY stock in the period of the last 12 months amounting to 10.36. The Price to Book ratio for the last quarter was 34.05, with the Price to Cash per share for the same quarter was set at 2.94. Price to Free Cash Flow for LLY in the course of the last twelve months was 123.97 with Quick ratio for the last quarter at 0.80.

LLY stock trade performance evaluation

Eli Lilly and Company [LLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.03. With this latest performance, LLY shares dropped by -1.76% in over the last four-week period, additionally plugging by 32.94% over the last 6 months – not to mention a rise of 22.46% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LLY stock in for the last two-week period is set at 56.19, with the RSI for the last a single of trading hit 59.89, and the three-weeks RSI is set at 54.63 for Eli Lilly and Company [LLY]. The present Moving Average for the last 50 days of trading for this stock 318.12, while it was recorded at 320.60 for the last single week of trading, and 283.51 for the last 200 days.

Eli Lilly and Company [LLY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Eli Lilly and Company [LLY] shares currently have an operating margin of +26.65 and a Gross Margin at +74.18. Eli Lilly and Company’s Net Margin is presently recorded at +19.71.

Return on Equity for this stock inclined to 76.35, with Return on Assets sitting at 11.70.

Eli Lilly and Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for Eli Lilly and Company [LLY] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Eli Lilly and Company go to 16.84%.

Eli Lilly and Company [LLY]: Insider Ownership positions

There are presently around $255,890 million, or 84.40% of LLY stock, in the hands of institutional investors. The top three institutional holders of LLY stocks are: LILLY ENDOWMENT INC with ownership of 104,161,053, which is approximately -1.878% of the company’s market cap and around 11.00% of the total institutional ownership; VANGUARD GROUP INC, holding 71,591,327 shares of the stock with an approximate value of $23.13 billion in LLY stocks shares; and BLACKROCK INC., currently with $20.6 billion in LLY stock with ownership of nearly -0.382% of the company’s market capitalization.

Positions in Eli Lilly and Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 1,078 institutional holders increased their position in Eli Lilly and Company [NYSE:LLY] by around 34,581,825 shares. Additionally, 997 investors decreased positions by around 31,512,213 shares, while 455 investors held positions by with 725,791,654 shares. The mentioned changes placed institutional holdings at 791,885,692 shares, according to the latest SEC report filing. LLY stock had 206 new institutional investments in for a total of 8,829,067 shares, while 82 institutional investors sold positions of 1,062,401 shares during the same period.


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