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Elite Pharmaceuticals Inc (QB)

Elite Pharmaceuticals Inc (QB) (ELTP)

0.5275
0.0285
(5.71%)
Closed December 17 3:00PM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
0.5275
Bid
0.5117
Ask
0.549
Volume
916,265
0.47 Day's Range 0.5278
0.1213 52 Week Range 0.7598
Market Cap
Previous Close
0.499
Open
0.499
Last Trade
1000
@
0.5275
Last Trade Time
Financial Volume
US$ 474,625
VWAP
0.518
Average Volume (3m)
3,033,927
Shares Outstanding
1,068,273,108
Dividend Yield
-
PE Ratio
28.19
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$0.50. Over the last year, Elite Pharmaceuticals (QB) shares have traded in a share price range of US$ 0.1213 to US$ 0.7598.

Elite Pharmaceuticals (QB) currently has 1,068,273,108 shares outstanding. The market capitalization of Elite Pharmaceuticals (QB) is US$533.07 million. Elite Pharmaceuticals (QB) has a price to earnings ratio (PE ratio) of 28.19.

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
1-0.0725-12.08333333330.60.60.45522648610.52039943CS
4-0.1724-24.63209029860.69990.70920.45517021960.58252676CS
120.157442.52904620370.37010.75980.362130339270.53811817CS
260.3586212.3149792780.16890.75980.162523101330.43814965CS
520.3845268.8811188810.1430.75980.121316692640.35609108CS
1560.492971427.657109760.034530.75980.02689717900.2329951CS
2600.4335461.1702127660.0940.75980.0239785170.16413811CS

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ELTP Discussion

View Posts
HGilS HGilS 2 hours ago
Nasrat knows Vyvanse will be approved 2 months ago already. He wants to ship it as early as possible and even more than you and me.
👍️0
JamesF1 JamesF1 2 hours ago
I am very much looking forward to the generic Vyvanse launch. I don’t know if it will happen this year or in January. It takes time to produce enough product for a successful launch. This med comes in strengths from 10mg to 70mg. Will all strengths launch at once, or one at a time? One thing I know is there are lots of patients that have been frustrated by the severe shortage of this product. Elite will quickly sell all they can make.
👍️ 2
hondobud hondobud 3 hours ago
On my "Think or swim" there is a little abbreviated symbol "HTB" on ELTP. I looked it up. It means "hard to borrow". Definition: If "*HTB" displays next to the Action field in the Trade Stocks tab, this is the "Hard to Borrow" indicator. Stocks with this indicator may be difficult to borrow for shorting purposes. "HTB" is an indicator that there are fees involved to place an order to short the stock........ So, I would assume that any shorting/covering happening here is all of MM origin. GLTA HB
👍️ 4
rocioyogi rocioyogi 3 hours ago
Don’t have a whole lot got a little over 700,000 shares all at seven bucks pps for sale if they want it!!!!!!!!! 😎
👍️0
rocky29 rocky29 4 hours ago
Interesting article. PBMs changes before 31 Dec 2024? Hopefully ELITE will see an increase in revenue.

Lawmakers seek to rein in PBMs as part of spending bill’s sweeping health deal

https://thehill.com/policy/healthcare/5045169-health-care-package-pbms-funding-bill/
👍️ 1
HGilS HGilS 4 hours ago
I posted 2 posts. 1. Shares shorted
2. Shares available to be shorted.

I put all my shares on sale between $4 and $12. So they can’t be borrowed
👍️0
rocioyogi rocioyogi 4 hours ago
Can anyone explain where it states here:
Short shares availability; does this mean the shares that are available to be shorted or the number of shares that are currently shorted have never shorted any stocks so I have no knowledge of this particularly in the way this stated! Txs ????????
👍️0
rocioyogi rocioyogi 4 hours ago
Thanks for keeping us up-to-date 😎
👍️0
HGilS HGilS 6 hours ago
US Shares available for shorting...ELTP



Time Since Timestamp (UTC) US:ELTP Short Shares Availability
Last Change
5 hours ago 13:44.4 7,400,000
7 hours ago 08:28.1 7,000,000
8 hours ago 05:52.8 6,700,000
9 hours ago 34:13.4 6,800,000
10 hours ago 56:43.0 7,000,000
14 hours ago 17:26.2 6,300,000
1 day ago 42:55.0 6,000,000
1 day ago 40:35.9 6,700,000
1 day ago 35:34.7 6,800,000
1 day ago 32:54.3 6,500,000
👍️ 1
HGilS HGilS 6 hours ago
Short data FINRA
Market Date FINRA
Short Volume
12/16/2024 918,455
12/13/2024 1,874,066
12/12/2024 522,475
12/11/2024 161,590
12/10/2024 487,498
12/9/2024 219,286
12/6/2024 343,543
12/5/2024 321,029
12/4/2024 225,302
12/3/2024 738,974
👍️0
IB_ IB_ 6 hours ago
Is that why you view him as your deity ???????????

🕌🕋

IB_🤴
👍️0
IB_ IB_ 6 hours ago
Why would you say that ??????????

Is it because I do not approve of EVERY SINGLE THING THE CEO DOES ???????????

I have made my share of Bullish post concerning the continued revenue growth as well as the very high probability that it will continue !!!!!

IB_🤴
👍️0
sharkey1 sharkey1 7 hours ago
I don't know what happened to Nam, haven't' heard
👍️0
snupoled snupoled 7 hours ago
Diamond hands indeed! Very happy for u!did namtae ever turn bullish? Is he still around?
👍️0
Makai63 Makai63 8 hours ago
How friggin awesome would that be for us??
👍️0
rocioyogi rocioyogi 8 hours ago
Excellent excellent post totally agree. Happy holidays.$$$$ 😎
👍️ 1
Jimmy Joe Jimmy Joe 8 hours ago
And Johnson Matthey API Deptford NJ division was sold or in the process. Wow.

Thanks Wine Chemist.
👍️ 3 😻 1 🤑 2
NASDAQ2020 NASDAQ2020 8 hours ago
Enjoy Happy Holiday Hours! FREE Private messaging. ?
👍️0
NASDAQ2020 NASDAQ2020 8 hours ago
He tied us in at 2 cents
👍️0
Dbtoyland Dbtoyland 8 hours ago
What another great year ! Going up from here...
👍️ 3 💲 1 💵 1 😎 1
sharkey1 sharkey1 8 hours ago
Today I'm up 400% from my original investment, been as high as 500% and more
granted it took a few years, but I'm there now, and getting better

IN NASRAT WE TRUST
🎓️ 1 👍️ 3 💲 1
HGilS HGilS 9 hours ago
APP-RO-PRI-ATE !!!

If he had not saved the company with the help of MIKAH, I would have to work until I am 100 years old lol
👍️ 1
ubueltp ubueltp 9 hours ago
People should sell short or leave if you truly believe what u post, but most who do r looking for cheapo shares
👍️ 3
IB_ IB_ 9 hours ago
Well, why are you "waiting for them to update the web site about the new facility" when you think there are "security reasons" not to update ?????????????

Are you ok,


IB_🤴
👍️0
sharkey1 sharkey1 9 hours ago
I'm waiting for them to update the web site about the new facility

https://elitepharma.com/our-facility/

but may not happen for a long while, due to security reasons
and that's a good thing, been mentioned in the CC's
that s all we need to know for now, We will see it when the time is ready
👍️ 2
dest_golf dest_golf 10 hours ago
Hopefully some day the MM will not be able to influence the price, due to a buyout being announced.
👍️ 4
IB_ IB_ 10 hours ago
If a Revenue Guessing Game can influence the share price, then just think how the CEO tying his personal/private pharmaceutical company to our public pharmaceutical company continues to depress the share price !!!!!!!!!!!!!!!!!!!!!!!!!!

IN-APP-RO-PR-IATE,

IB_🤴
👍️0
SCHH SCHH 10 hours ago
NICE TO SEE A LOT OF $500 BOTTOM FISHING buy/sell volume on level two shows more buy bids with only a fraction separation nice again...
👍️ 2
IB_ IB_ 10 hours ago
Thanks Snup,

That was back in the day when he was shuttering Mikah ......................

He should have just loaned Elite the money to buy the other 50% and kept his word concerning Mikah,

Merry Christmas to you and yours,

IB_🎅
👍️0
sharkey1 sharkey1 10 hours ago
THX rocio, I like this new base of 50 cents, not going down as predicted, there were/are some heavy hitters over on the bid ETRF moved up OTCN is hangen in there, If they want it, they gotta ask, buy less shares and
be happy with the over 50's

In my opinion. and that's just me, this stock should be a dollar just from speculation alone,
(simmer down Kayak). They were 1 mill shy of 20 mill for the last Q, Elite has never been in shortage,
they should have gotten a bump in API for the last Q, proof of sales, and Elite sells every pill they can
make Thanks to Kirko and crew , IR and ER, ER is doing well (CC) better than IR, throw in the new opioids, Tylenol and Norco ,
which are in demand right now and the new Vyvanse and facility, should be a no brainer .
👍️ 7 💥 3 😎 2
HGilS HGilS 10 hours ago
Here are the remaining trading days for 2024:

1. **Wednesday, December 18**
2. **Thursday, December 19**
3. **Friday, December 20**
4. **Monday, December 23**
5. **Tuesday, December 24** (early close at 1:00 PM ET)
6. **Friday, December 27**
7. **Monday, December 30**
8. **Tuesday, December 31** (early close at 1:00 PM ET) ¹²
👍️ 3
kennyt 335 kennyt 335 11 hours ago
👍
👍️0
HGilS HGilS 11 hours ago
LONGS REFUSE TO PLAY THE GUESSING GAME IN FEBRUARY

People have tendency to give higher numbers than what can be achieved. This is used by shorts to kill the stock price.

At best let's have Namtae, Jimmy, IB and the fake king play between themselves -

Thumbs up if you agree !!!
🎲 1 👍️ 21 💯 2 🤣 1
snupoled snupoled 11 hours ago
100%,we need volume spike to put floor in for 2025
🎓️ 1 👍 2
HGilS HGilS 11 hours ago
We just need the Vyvanse launch,... and the remaining launches after that.
👍️ 2
luvwetscent luvwetscent 11 hours ago
Think I'll sell all today and buy back at EOY .30 gotta laugh
👍️0
hondobud hondobud 11 hours ago
Too bad Forrest ain't runnin for the exits. Need some surprise news! GLTA HB
👍️0
rocioyogi rocioyogi 11 hours ago
Run forest run!!!!!!
👍️ 3
jdd21 jdd21 11 hours ago
When you go from 56 mil revenue last year to over 100 mil this year to over 400 mil next year why would you need to pump anything?
🎓️ 1 👍 6
hondobud hondobud 12 hours ago
Good morning ELTP'ers!
👍️ 3
HGilS HGilS 12 hours ago
In ELTP, there is Logic and there are IB_and fake King plans...

So you tell me what you have in store for us...
👍️ 1
jour_trader jour_trader 12 hours ago
Facility approval isn't up to his timing. Plus, we already know the timing for when we'll use it. Why would he PR it?
👍️0
snupoled snupoled 12 hours ago
IB, smiling at your post, ahh yes, I met and shook his hand, PTSD sequestox days, more balanced now however, IB your still the same, glad your still here
👍️ 1
IB_ IB_ 12 hours ago
Is that prediction coming from nasrat, your deity or did you just make it up ?????

IB_🤴
👍️0
HGilS HGilS 12 hours ago
As we get closer to the end of December, this puppy will go up - I doubt we will see the 40's again soon. or ever again.
👍️ 2
Maxthedog Maxthedog 13 hours ago
If Nasrat was smart, he would announce the new facility is now open for production. Then announce the launch of generic V has started. I believe it would ignite a 10% gain easily.
👍️0
NovaRaider77 NovaRaider77 13 hours ago
Hello. Bought around 2000 shares at 0.18. I am wanting to buy more now before this thing hits 1$+. Do you guys think that there might me some more dip, like towards the lower 0.4s?
🎓️ 1
NASDAQ2020 NASDAQ2020 13 hours ago
Imminent News :

Positive BE studies
X 1. Cash Flow Positive - 5 years
X 2. Purchase building housing their cGMP registered facility for research, development, manufacturing and packaging of pharmaceutical products.
X 3. Adderall IR $335 Million IMS market Approved and Launched
X 4. Adderall XR $1.56 Billion IMS market Approved and Launched
X 5. Double digit quarterly revenues in millions
X 6. Create in house marketing and distribution: Kirko Kirkov, Doug Plassche and their teams
X 7. Prasco/Burel Adderall agreement - January 1st 2024
X 8. First shipment Adderall XR to Prasco/Burel Dec 2023
X 9. DEA increases manufacturing quotas for Adderall & Vyvance
X 10. Generic OxyContin - FIRST TO FILE FDA Aug 17, 2023 $720 Million
X 11. Generic Vyvanse - $4.7 BILLION - FDA submission Dec 2023
X 12. FDA Acceptance of Generic OxyContin Sept 2023
X 13. Lease additional manufacturing space and storage vault for new Needle Mover ANDAs - Jan 2024
__14. Dopamine Agonist Approval (probably Requip XL or Mirapex ER). $12 Million
__15. Obtain Full ownership of Adderall IR $ 335 Million from MIKAH
__16. Obtain Full ownership of Adderall XR $ 1.56 Billion from MIKAH
X 17. Vigabatrin Approval $233 Million
X 18. Pyros Vigabatrin -settle VigPoder trade mark challenge and LAUNCH
X 19. Generic Methotrexate Antimetabolite- Approval
X 20. Launch generic Methotrexate $63.4 Million
X 21. $50+ million in yearly revenues
X 22. Lowest PE ratio for OTC Healthcare sector
X 23. Become the ONLY company showing rapid growth on the OTC while being profitable
X 24. Put Opioids back on the Table- due to reduced risk of opioid litigation
X 25. Receive Analyst Coverage - Upgrade to Market Outperform - Zacks Investment Research
X 26. International Distribution - partnership Approval by Israeli Ministry of Health for European distribution License and Distribution Agreement by and between Elite Pharmaceuticals, Inc. and Dexcel Ltd.
X 27. Generic IR Adderall® Receives Marketing Approval From The Israeli Ministry Of Health Oct 2024
__28. Generate revenues over $20 million/quarter
__29. Final Approval of New Manufacturing Facility/Expansion
__30. Double output of manufacturing and packaging facilities
X 31. Launch approved generic Tylenol with Codeine $47 Million
X 32. Launch approved generic Norco - hydrocodone acetaminophen IMS $300 Million
__33. Launch approved generic Percocet - oxycodone acetaminophen IMS $500 Million
__34. Launch approved generic Dolophine - methadone HCL tablets IMS $30 Million
X 35. Godzilla -Generic Vyvanse Approval $4.3 Billion
__36. Positive BE Study for Concerta CNS Stimulant $1.2 Billion
__37. Godzilla - Generic Vyvance LAUNCH $4.3 Billion Imminent
__38.Generic Concerta- FDA submission $1.2 Billion
__39. Launch Adderall IR in Israel
__40. 100 million in yearly revenues
__41. Generic OxyContin Tentative Approval $720 Million
__42. Elite prevail over Purdue in Generic OxyContin infringement suit - second 6 month stay - active Accord/Purdue suit causing delay
__43. Launch generic OxyContin $720 Million
__44. Positive BE on NDA Unique ADF opioid - 90% cheaper than ADF without Naltrexone - Game Over Drug
__45. Resume R&D on SequestOx Abuse Deterrent Oxycodone
__46. $200 million in yearly revenue
__47. Patented NDA Unique ADF (w/o naltrexone) drug C in SequestOx reformulation trial
__48. Undisclosed Mikah ANDA(s)
__49. Undisclosed ANDAs/NDAs
__50. Generic Concerta Launch $1.2 Billion
__51. DollarLand PPS - Billion $ Market Cap
__52. Big Pharma bidding
__53. UpList to the NASDAQ Exchange
__54. ELTP Elite Pharmaceutical Buyout - 2 1/2 years or less from Feb 2024
__55. Vegas BABY !!!!!




ELTP
👍️ 4
NASDAQ2020 NASDAQ2020 13 hours ago
It depends on the quota we are givin. It will all get sold.

ELTP

Locked $ Loaded
👍️ 3
jammy32 jammy32 14 hours ago
What’s the next piece of news that we’re waiting for Nasrat to share ?

Also, I just see Elite being limited in cash and size. Sell the company and let’s move on. Nasrat did great. Now let someone with deep pockets take it to the next level. Pay dat man his money
👎️ 1 💅 1