Elastic N.V. (ESTC): Skating on Thin Ice? We Know the Answer


Elastic N.V. (NYSE:ESTC) went up by 1.36% from its latest closing price compared to the recent 1-year high of $127.90. The company’s stock price has collected -7.92% of loss in the last five trading sessions. Press Release reported on 10/22/20 that Elastic Wraps ElasticON Global with Over 25,000 Registrations and More than 300 Sessions, All Now Available On Demand

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Is It Worth Investing in Elastic N.V. (NYSE :ESTC) Right Now?

Opinions of the stock are interesting as 10 analysts out of 14 who provided ratings for Elastic N.V. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $132.71, which is $21.48 above the current price. ESTC currently public float of 65.40M and currently shorts hold a 8.88% ratio of that float. Today, the average trading volume of ESTC was 1.04M shares.

ESTC’s Market Performance

ESTC stocks went down by -7.92% for the week, with a monthly drop of -0.79% and a quarterly performance of 15.50%, while its annual performance rate touched 45.93%. The volatility ratio for the week stands at 4.15% while the volatility levels for the past 30 days are set at 3.70% for Elastic N.V.. The simple moving average for the period of the last 20 days is -6.99% for ESTC stocks with a simple moving average of 30.67% for the last 200 days.

Analysts’ Opinion of ESTC

Many brokerage firms have already submitted their reports for ESTC stocks, with Robert W. Baird repeating the rating for ESTC by listing it as a “Neutral.” The predicted price for ESTC in the upcoming period, according to Robert W. Baird is $120 based on the research report published on September 25th of the current year 2020.

Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see ESTC reach a price target of $142, previously predicting the price at $100. The rating they have provided for ESTC stocks is “Buy” according to the report published on August 27th, 2020.

Barclays gave a rating of “Overweight” to ESTC, setting the target price at $120 in the report published on August 24th of the current year.

ESTC Trading at -1.01% from the 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, the company was unable to rebound, for now settling with -15.64% of loss for the given period.

Volatility was left at 3.70%, however, over the last 30 days, the volatility rate increased by 4.15%, as shares sank -0.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.46% upper at present.

During the last 5 trading sessions, ESTC fell by -7.92%, which changed the moving average for the period of 200-days by +57.08% in comparison to the 20-day moving average, which settled at $115.98. In addition, Elastic N.V. saw 67.81% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ESTC starting from Moorjani Janesh, who sale 14,733 shares at the price of $112.37 back on Oct 01. After this action, Moorjani Janesh now owns 20,341 shares of Elastic N.V., valued at $1,655,492 using the latest closing price.

Garrett W.H. Baird, the SVP and General Counsel of Elastic N.V., sale 15,235 shares at $109.37 during a trade that took place back on Sep 30, which means that Garrett W.H. Baird is holding 20,320 shares at $1,666,276 based on the most recent closing price.

Stock Fundamentals for ESTC

Current profitability levels for the company are sitting at:

  • -35.81 for the present operating margin
  • +63.92 for the gross margin

The net margin for Elastic N.V. stands at -39.09. The total capital return value is set at -43.01, while invested capital returns managed to touch -47.46. Equity return is now at value -34.00, with -18.40 for asset returns.

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Based on Elastic N.V. (ESTC), the company’s capital structure generated 8.57 points at debt to equity in total, while total debt to capital is 7.90. Total debt to assets is 4.41, with long-term debt to equity ratio resting at 6.73. Finally, the long-term debt to capital ratio is 6.20.

When we switch over and look at the enterrpise to sales, we see a ratio of 11.20, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 4.07 and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.

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