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Elite Pharmaceuticals Inc (QB)

Elite Pharmaceuticals Inc (QB) (ELTP)

0.549655
-0.02034
(-3.57%)
Closed 21 December 8:00AM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
0.549655
Bid
0.5401
Offer
0.5594
Volume
755,859
0.535 Day's Range 0.5799
0.1213 52 Week Range 0.7598
Market Cap
Previous Close
0.57
Open
0.57
Last Trade Time
Financial Volume
US$ 420,231
VWAP
0.555965
Average Volume (3m)
3,009,177
Shares Outstanding
1,068,273,108
Dividend Yield
-
PE Ratio
29.26
Earnings Per Share (EPS)
0.02
Revenue
56.63M
Net Profit
20.11M

About Elite Pharmaceuticals Inc (QB)

Elite Pharmaceuticals, Inc. is a specialty pharmaceutical company that develops niche generic products. Elite specializes in developing and manufacturing oral, controlled-release drug products. Elite owns multiple generic products which have been licensed to Lannett Company, Prasco, LLC, Epic Pharma... Elite Pharmaceuticals, Inc. is a specialty pharmaceutical company that develops niche generic products. Elite specializes in developing and manufacturing oral, controlled-release drug products. Elite owns multiple generic products which have been licensed to Lannett Company, Prasco, LLC, Epic Pharma, LLC, and TAGI Pharma. Elite operates a cGMP and DEA registered facility for research, development, and manufacturing located in Northvale, NJ. For more information, visit www.elitepharma.com. Show more

Sector
Pharmaceutical Preparations
Industry
Pharmaceutical Preparations
Headquarters
Carson City, Nevada, USA
Founded
-
Elite Pharmaceuticals Inc (QB) is listed in the Pharmaceutical Preparations sector of the OTCMarkets with ticker ELTP. The last closing price for Elite Pharmaceuticals (QB) was US$0.57. Over the last year, Elite Pharmaceuticals (QB) shares have traded in a share price range of US$ 0.1213 to US$ 0.7598.

Elite Pharmaceuticals (QB) currently has 1,068,273,108 shares in issue. The market capitalisation of Elite Pharmaceuticals (QB) is US$608.92 million. Elite Pharmaceuticals (QB) has a price to earnings ratio (PE ratio) of 29.26.

ELTP Latest News

ZenaTech, Inc. (NASDAQ: ZENA) Software Company Acquisition

ZenaTech, Inc. (NASDAQ: ZENA) Software Company Acquisition     Miami, FL – October 23, 2024 -- InvestorsHub NewsWire – EmergingGrowth.com, a leading...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.0021550.3936073059360.54750.57990.45520944440.51259736CS
4-0.080245-12.73932370220.62990.6450.45514951030.56208835CS
120.15515539.3295310520.39450.75980.362130091770.54246119CS
260.382155228.1522388060.16750.75980.162523121620.44008286CS
520.414155305.6494464940.13550.75980.121316666380.35880341CS
1560.5175551612.320872270.03210.75980.02689727750.23458954CS
2600.460855518.9808558560.08880.75980.0239792680.16530598CS

ELTP - Frequently Asked Questions (FAQ)

What is the current Elite Pharmaceuticals (QB) share price?
The current share price of Elite Pharmaceuticals (QB) is US$ 0.549655
How many Elite Pharmaceuticals (QB) shares are in issue?
Elite Pharmaceuticals (QB) has 1,068,273,108 shares in issue
What is the market cap of Elite Pharmaceuticals (QB)?
The market capitalisation of Elite Pharmaceuticals (QB) is USD 608.92M
What is the 1 year trading range for Elite Pharmaceuticals (QB) share price?
Elite Pharmaceuticals (QB) has traded in the range of US$ 0.1213 to US$ 0.7598 during the past year
What is the PE ratio of Elite Pharmaceuticals (QB)?
The price to earnings ratio of Elite Pharmaceuticals (QB) is 29.26
What is the cash to sales ratio of Elite Pharmaceuticals (QB)?
The cash to sales ratio of Elite Pharmaceuticals (QB) is 10.38
What is the reporting currency for Elite Pharmaceuticals (QB)?
Elite Pharmaceuticals (QB) reports financial results in USD
What is the latest annual turnover for Elite Pharmaceuticals (QB)?
The latest annual turnover of Elite Pharmaceuticals (QB) is USD 56.63M
What is the latest annual profit for Elite Pharmaceuticals (QB)?
The latest annual profit of Elite Pharmaceuticals (QB) is USD 20.11M
What is the registered address of Elite Pharmaceuticals (QB)?
The registered address for Elite Pharmaceuticals (QB) is 321 W. WINNIE LANE, #104, CARSON CITY, NEVADA, 89703
What is the Elite Pharmaceuticals (QB) website address?
The website address for Elite Pharmaceuticals (QB) is www.elitepharma.com
Which industry sector does Elite Pharmaceuticals (QB) operate in?
Elite Pharmaceuticals (QB) operates in the PHARMACEUTICAL PREPARATIONS sector

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ELTP Discussion

View Posts
IB_ IB_ 10 hours ago
You don't know nothing about what is best for shareholders !!!!!!!!!!!!!!

The big concern is nasrat diluting our shares even more,

IB_🤴
👗 1 👠 1
HGilS HGilS 11 hours ago
HGLS & Emperor vs ib_ and the fake king.
👳 1 🕌 1
ElementalArcher25 ElementalArcher25 11 hours ago
Why would they waste money on a share buy backs? Extra cash would be better spent on paying dividends or buying rights to more andas
👍️ 4
jdd21 jdd21 11 hours ago
I think we need to rent a boxing ring when we all go to Vegas
👍️0
kayak_wench kayak_wench 12 hours ago
Your wrong
👍️ 1 🤗 1
kennyt 335 kennyt 335 12 hours ago
Lmao, l once hit a guy in the arm and told him that was a flea he struck me back knocked me a couple step backwards and said horsefly lol Merry Christmas my friend🎄
👍️0
NASDAQ2020 NASDAQ2020 12 hours ago
Flick the tick .
👍️ 1 👸 1
NASDAQ2020 NASDAQ2020 12 hours ago
5. I’m selling if this ever gets to $0.15
👍️ 1
jour_trader jour_trader 13 hours ago
Operationally clueless as I said. Thanks for validating. 
👍️ 1
IB_ IB_ 13 hours ago
Again, you are WRONG .... I know what is going on "operationally" !!!!!!!!!!!!!!!!!!

IB_🎅
👍️0
IB_ IB_ 13 hours ago
I said, "approaching maximum capacity possibly in June-July", ma'am !!!!!!!!!!!!!!!!!

We can't take everything nasrat says as the gospel ........... You don't have any idea of what is going on,

IB_🎅
👍️0
jour_trader jour_trader 13 hours ago
Instead of idiotic, I should have used operationally clueless. 

You're going back on mute. I need a breather. 
👍️ 3
jour_trader jour_trader 13 hours ago
Contrarian because you think the facility is going to max out mid year? What an idiotic statement to say the least. 
👍️ 3
IB_ IB_ 13 hours ago
I just posted about all the progress being made, Mrs. Contrarian ..............

We all know what is going on with Elite, why do you feel the need to sound like you know more than everyone here ???????

The King has pointed out many of your mistakes concerning Elite ...............

Being a contrarian is not looking smart, it is only annoying, ma'am,

IB_🤴
👍️0
freegriff freegriff 14 hours ago
Hey to all the longs, I held/accumulated this from 2014 until end of 2022 before giving up and pursuing other opportunities ($PLTR among them so not all bad). Just checked back in on the price after so long. Bummed I didn't stick around but just wanted to wish you all the Happiest of Holidays as well as Nasrat and the Elite team. You all deserve it! Cheers!
👍️ 8
jour_trader jour_trader 14 hours ago
lol 

Time will tell. I have some more cheese for you too. Quit your griping. Share price is stable and we are launching Vyvanse shortly, followed by Perc & then Methadone. 

Exciting days ahead. 
👍️ 2 💥 2
IB_ IB_ 14 hours ago
Would that "crappy leader" be the same "crappy leader" that told us investors in 2014 that Elite's true value AT THAT TIME was $2.10 before the share price fell to $0.03 and stayed in that area FOR YEARS ???????????????????????

Maybe you should not pick and choose what to believe when that CEO speaks,

IB_🤴
👎️ 1 💅 1
jour_trader jour_trader 14 hours ago
Listen to the calls. You don't open a new facility only thinking 6 months out. That would be a really crappy leader.
👍️ 3
IB_ IB_ 15 hours ago
You don't know, Mrs. Contrarian !!!!!!!!!!!!!!!!!!!!!!!

If everyone here agreed that Elite made a white pill, you would say it's off-white,

IB_🤴
👍️0
hondobud hondobud 15 hours ago
Merry Christmas all u ELTP'ers.
👍️ 3
luvwetscent luvwetscent 15 hours ago
yes..friends get a good laugh at that one, especially my Jewish friends
👍️ 1
jour_trader jour_trader 15 hours ago
They won't run out of capacity in 2025 or 2026.  You can get really creative with swing shifts, 2nd, 3rd and weekend shifts.
👍️ 1
sharkey1 sharkey1 15 hours ago
more on the shortage

https://www.everydayhealth.com/mental-health-conditions/us-permits-increased-vyvanse-production-amid-adhd-drug-shortage/

And good news for Elite, they have plenty of API for generic Adderall, meeting their annual quota

he COVID-19 pandemic, DEA determined that it would and will allocate procurement quotas for schedule II controlled substances on a semi-annual basis,
Ad
Nd that should put them over 100 mill for the year
👍️ 1
Jimmy Joe Jimmy Joe 16 hours ago
Definitely made the right move Don132. Elite's balance sheet is more like that of a much larger successful Pharmaceutical Company. As a matter of fact some larger Pharmas wish they had a balance sheet like Elite.

Just wary of how things went the last time this 🤡 was in office. Now his folks don't even need qualifications.
Rudy Guiliani outfit supported Purdue and represented them for OxyContin abuses.
And folks thought Elite's ADF would get the support. Never happened.

This time around he's a convicted felon. Good luck ~!
👍️ 3 💤 2 🥵 2
IB_ IB_ 16 hours ago
The huge positive is, I believe once Elite gets rolling with everything, they have launched along with Vyvanse & Percocet by let's say mid-February ... I would not be surprised to hear that the facilities are approaching maximum capacity possibly in June-July .... I would at that time love to see a share repurchase program implemented !!!!!!!!!!!!!!!!!!!!!!!!!

IB_🎅
👍️0
jgsnys jgsnys 17 hours ago
For every x companies that have a successful rs, 10x^nth fail regardless of how seductive the arguments for.
Presently, it is simply not worth the risk. Yes, there are too many shares outstanding, but there are ways to address
this that historically have with great certainty acted to actually increase the value of each share. "Buyback"
👍️0
snupoled snupoled 17 hours ago
JG,

I think elite would do well with a rs from these current levels, catalysts
are strong!!
either way is fine!
snup
👍️0
snupoled snupoled 17 hours ago
IB, Smiling, I believe I posted about eose as the reason why I left
it was sub dollar, I rode it twice from those levels. also told board
about eman, subsequent buy out at 2.08, sub dollar at the time
I still will be buying more elite, but volume is not helping,
Eltp did move this year, and I missed it, but we know what long suffering
waiting is all about with elite,
I go back to when He first arrived, shook his hand, got on that ride of a life time
and Ka Poot, dog doo doo, until this year,

I will ride elite into the dollar range, Wild Card is buy out,
hell, rs at these levels would be fine too, catalysts are there!

snup
👍️0
jgsnys jgsnys 17 hours ago
"Reverse Split". . . Ugh! At this time an unwarranted reverse-split is about the one and only thing that could crater the stock-price and cause irrevocable damage to the company and it's investors. The spectre of such a foolhardy act is in no small way currently acting to keep the price well off it's highs. Hopefully, we stay above $0.50 while people discuss doing a reverse-split. Nasrat's insistence that he would only do a reverse-split from a position of strength should be understood to mean that any reverse-split would be far down the road, after a move to NASDAQ has occurred, or could occur with an absolute level of certainty based upon the company's fundamentals and performance. . . . . . . Anyone who knows of more than one company where a reverse-split resulted in investors holding one one-hundredth of their shares at the same price or less than when the reverse-split occurred please raise your hackles.
👍️ 4
tombe tombe 17 hours ago
I think if we did reverse split, logic might agree with you, however the MM’s and shorts would short the hell out of it anyway
👍️ 2
mrwrn2010 mrwrn2010 18 hours ago
Agree. I think if it came to it, we're one of the very rare exceptions where an RS would work out well, but I'd still personally rather grow organically.
👍️ 3 💦 1 💯 1
Maxthedog Maxthedog 19 hours ago
That's great to hear about DEA increased the API for generic V and Adderall. But the stock price is a different story. I sold roughly 30k shares this week because of the snail like movement in eltp on the upside and the spread gap between the bid and asked can sometimes be closer to 2 pennies. I know that the company is doing well and has much more upside however Nasrat always tend to screw thing up with Mikah, warrants, and Zacks which irritates me. Long term holder
👎️ 2 ❓️ 1
snupoled snupoled 19 hours ago
A big reason why i,m back!
hopefully volume not that far away!
enjoy the weekend,
snup
👍️ 3
sharkey1 sharkey1 19 hours ago
Lett's go back to the basics, The DEA increases the API for Vyvanse

https://www.ksby.com/health/medicine/us-allows-increased-production-of-vyvanse-to-address-global-adhd-medication-shortage

also the DEA increased the API for generic Adderall for every Pharma every 4 months

enter Elite with their new facility

WORKING OVER TIME
👍️ 3
sharkey1 sharkey1 20 hours ago
Are you gonna be OK ?
👍️0
sharkey1 sharkey1 20 hours ago
well what ever the proses is,
then can you guess how much API is allowed and how much Kirko can sell

that is the question

and nobody is privy to that answer

till we see the numbers
👍 1
jour_trader jour_trader 20 hours ago
Never mind as in you now realize that it's only a semi annual process?
😂 1
sharkey1 sharkey1 20 hours ago
NEVER MIND,
👍️0
jour_trader jour_trader 20 hours ago
You stopped reading. They started with quarterly and went back to semi annual.
👍️0
sharkey1 sharkey1 20 hours ago
And happy Chanukah to you HGiiLs , with most respect
👍️ 1
sharkey1 sharkey1 20 hours ago
Can you do math,,? semi annual is twice a year, the DEA upped it to a quarter , , that's 4 times a year

For the 2024 quota year, DEA announced that it intended to allocate procurement quotas to DEA-registered manufacturers of schedule II controlled substances on a quarterly basis, in order to help DEA prevent shortages and be more nimble in its administration of the quota program. A

QUARTERLY IS 4
👍️ 1
HGilS HGilS 20 hours ago
Longs - for those who bought in the 201*, I wish you happy holidays. This year, Xmas and Chanukah are on the same day
It could be a sign
I wish you health and prosperity.
We have waited long enough. Thanks to Nasrat and Mikah for bringing us to where we are today.
Vyvanse launch should be seen as a game changer. We are becoming a mid size Pharma company !!! We play in a space where there is shortage - but we have much less dependency on others than before !!!
👍️ 3 🕋 1 🕌 1 🥰 1
jour_trader jour_trader 20 hours ago
No, not a chance. We didn't have an obscene amount of inventory, which is what you'd see in the Q2 financials. This will be a good steady climb. Elite doesn't have the financial power to get 5% of the market out of the gate. It will take some time to reinvest the profits. Let's see how much quota we're given as that is what will really be our bottleneck. 
👍️0
snupoled snupoled 20 hours ago
Good morning Sharkey, Hell Yeah! 60's pps would be great way to end
2024 at.
hoping for more volume!

snup
👍 3
jour_trader jour_trader 20 hours ago
Noticed how I spelled "spelll". Show respect to a $4B market. 😀
👍️0
jour_trader jour_trader 20 hours ago
Can you show respect to Vyvanse and spelll it correctly? 😀
👍️ 1
luvwetscent luvwetscent 20 hours ago
Just a small gripe...how hard would it be for IHUB to display SP in real time?
👍️0
sharkey1 sharkey1 20 hours ago
Longs are strong, mm's are selling between them selves , most of us can relate to:

Flyover country and flyover states are American phrases describing the parts of the contiguous United States between the East and the West Coasts. Aerial view of Kansas, the state in the center of the contiguous U.S.

Don't piss your pants when she takes a bit of a dive, hold your water
👍️ 1
sharkey1 sharkey1 21 hours ago
She's coming back, told ya, hang on to what you got, pay no attention to the man behind the curtain
trust your feelings Luke
👍️ 1
IB_ IB_ 21 hours ago
Men ???? What about Elite's 👸 ?????????????????

"HammerTime" ..........

"Topping Off" ..............

"It's About To Get Real" ..................

IB_🎅
👍️0

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