In yesterday’s Wall Street session, Lilly(Eli) & Co (NYSE:LLY) shares traded at $954.17, up 0.23% from the previous session.
LLY stock price is now 8.16% away from the 50-day moving average and 27.81% away from the 200-day moving average. The market capitalization of the company currently stands at $906.87B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $1025, Deutsche Bank recently Upgraded its rating from Hold to Buy for Lilly(Eli) & Co (NYSE: LLY). On February 21, 2024, DZ Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $820, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, LILLY ENDOWMENT INC, 10% Owner bought 215,000 shares of the company’s stock on Aug 22 ’24. The stock was bought for $204,673,550 at an average price of $951.97. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 10 ’24, 10% Owner LILLY ENDOWMENT INC sold 210,000 shares of the business’s stock. A total of $197,361,398 was realized by selling the stock at an average price of $939.82. This leaves the insider owning 96,943,810 shares of the company worth $92.5 billion. A total of 10.51% of the company’s stock is owned by insiders.
During the past 12 months, Lilly(Eli) & Co has had a low of $516.57 and a high of $967.00. As of last week, the company has a debt-to-equity ratio of 2.13, a current ratio of 1.11, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $884894269440, which is based on a 119.19 price-to-earnings ratio, a 1.57 price-to-earnings-growth ratio, and a beta of 0.42. The fifty day moving average price for LLY is $883.9766 and a two-hundred day moving average price translates $748.5074 for the stock.
The latest earnings results from Lilly(Eli) & Co (NYSE: LLY) was released for 2024-06-30. The net profit margin was 18.86% and return on equity was 59.63% for LLY. The company reported revenue of $11.3 billion for the quarter, compared to $8.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.98 percent.
