Elastic N.V. (NYSE:ESTC) went down by -3.97% from its latest closing price when compared to the 1-year high value of $100.43 and move down -33.37%, while ESTC stocks collected -6.17% of loss with the last five trading sessions.
Elastic N.V. (NYSE:ESTC) Worth an Investment?
Elastic N.V. (NYSE:ESTC) 6 of the analysts out of 14 who provided ratings for Elastic N.V. stocks as a “buy” while 1 as overweight, 7 rated it as hold and 0 as sell. The average price we get from analysts is $103.07 which is $21.28 above current price. ESTC currently has a short float of 15.12% and public float of 20.17M with average trading volume of 842.56K shares.
ESTC Market Performance
ESTC stocks went down by -6.17% for the week, with the monthly drop of -11.27% and a quarterly performance of -10.36%, while its annual performance rate touched . The simple moving average for the period of the last 20 days is -8.29% for ESTC stocks with the simple moving average of -3.43% for the last 200 days.
Analysts’ Opinion on Elastic N.V. (NYSE:ESTC)
Many brokerage firms have already submitted their reports for ESTC stocks, with Monness Crespi & Hardt repeating the rating for ESTC shares by setting it to “Buy”. The predicted price for ESTC socks in the upcoming period according to Monness Crespi & Hardt is $125 based on the research report published on June 6, 2019.
BofA/Merrill, on the other hand, stated in their research note that they expect to see ESTC stock at the price of $135, previously predicting the value of $115. The rating they have provided for ESTC stocks is “Buy” according to the report published on June 6, 2019.
Stifel gave “Hold” rating to ESTC stocks, setting the target price at $135 in the report published on May 14, 2019.
ESTC Stocks -9.46% Far from 50 Day Moving Average
After a stumble in the market that brought ESTC to its low price for the period of the last 52 weeks, Elastic N.V. was unable to take a rebound, for now settling with -25.02% of loss for the given period.
The stock volatility was left at 3.03%, however, within the period of a single month, the volatility rate increased by 3.66%, while the shares sank at the distance of -9.10% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -8.51% lower at the present time.
In the course of the last 5 trading sessions, ESTC went down by -6.17%. In addition, Elastic N.V. saw 5.34% in overturn over the period of a single year with a tendency to cut further gains.
ESTC Stock Fundamentals
The current profitability levels are settled at -29.22 for the present operating margin and +74.45 for gross margin. The net margin for Elastic N.V. stands at -32.97. Total capital return value is set at -78.03, while invested capital returns managed to touch -88.04.
The receivables turnover for Elastic N.V. is 3.84 with the total asset turnover at the value of 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.