Is Lilly(Eli) & Co Stock Good For Long-Term Investing?

Lilly(Eli) & Co (NYSE:LLY) traded at $892.15 at last check on current trade day and made an upward move of 0.05% on its previous day’s price.

Looking at the stock we see that its previous close was $891.68 with the day’s price range being $883.0 – $904.0. The company has a trailing 12-month PE ratio of 111.44. In terms of its 52-week price range, LLY has a high of $966.10 and a low of $516.57. The company’s stock has lost about -5.93% over that past 30 days.

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Lilly(Eli) & Co has a market cap of $847.93 billion. With its Forward Dividend at 4.86 and a yield of 0.54%, the company’s investors could be anxious for the LLY stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 4.17, with the EPS growth for the year raised at 15.36 for current year and 15.36 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 11.89B, with a low of 11.02B and a high of 12.66B. The median projection represents growth squeezing down to 25.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 44.3B, or 29.80% up from figures reported last year.

Based on estimates by 19 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Lilly(Eli) & Co (LLY) stock as a Hold, while 17 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the LLY stock currently stands at 1.70, and the most recent price level today is 5.89% off its SMA20 and 2.80% from its 50-day simple moving average. The RSI (14) is pointing at 57.80 while the volatility over the past week is 4.77% and jumps to 3.67% over the past one month. The beta value is 0.39, while the average true range (ATR) is currently pointing at 36.60. The average price target for the stock over the next 12 months is $848, with the estimates having a low of $300 and a high of $1150. These price ends are 66.37% and -28.9% off the today’s price level respectively, although investors could be excited at the prospect of a 4.95% if the LLY share price touches on the median price of $848.

Coming back to Lilly(Eli) & Co (NYSE:LLY), we note that the average 3-month trading volume was 3.12 million, while that of the preceding 10-day period stands at 4.54 million. Current shares outstanding are 949.38 million.

The insiders hold 10.41% of the company’s shares while institutions hold 73.20%. The data shows that short shares as of 2024-07-15, stood at 6.31 million at a short ratio of 2.26. This represents a 79.00 short interest in shares outstanding on 2024-07-15. Shares short fall in July from the previous month at 6.48 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 53.05% up in year-to-date price movement.

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