Elastic N.V (NYSE: ESTC) has a higher price-to-earnings ratio of 218.06x compared to its average ratio. ESTC has 36-month beta value of 0.94. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ESTC is 83.22M, and currently, short sellers hold a 4.57% ratio of that float. The average trading volume of ESTC on April 12, 2024 was 1.45M shares.
ESTC) stock’s latest price update
Elastic N.V (NYSE: ESTC)’s stock price has soared by 1.65 in relation to previous closing price of 98.23. Nevertheless, the company has seen a gain of 2.27% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-11 that Recently, Zacks.com users have been paying close attention to Elastic (ESTC). This makes it worthwhile to examine what the stock has in store.
ESTC’s Market Performance
Elastic N.V (ESTC) has experienced a 2.27% rise in stock performance for the past week, with a -5.72% drop in the past month, and a -7.58% drop in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 2.55% for ESTC. The simple moving average for the last 20 days is -0.59% for ESTC’s stock, with a simple moving average of 10.77% for the last 200 days.
Analysts’ Opinion of ESTC
Many brokerage firms have already submitted their reports for ESTC stocks, with Scotiabank repeating the rating for ESTC by listing it as a “Sector Outperform.” The predicted price for ESTC in the upcoming period, according to Scotiabank is $185 based on the research report published on February 15, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see ESTC reach a price target of $110, previously predicting the price at $100. The rating they have provided for ESTC stocks is “Equal Weight” according to the report published on January 12th, 2024.
Wells Fargo gave a rating of “Overweight” to ESTC, setting the target price at $108 in the report published on December 01st of the previous year.
ESTC Trading at -11.65% 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 -26.61% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares sank -6.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.85% lower at present.
During the last 5 trading sessions, ESTC rose by +2.27%, which changed the moving average for the period of 200-days by +61.70% in comparison to the 20-day moving average, which settled at $100.13. In addition, Elastic N.V saw -11.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ESTC starting from Herzog Carolyn, who sale 192 shares at the price of $99.95 back on Mar 27 ’24. After this action, Herzog Carolyn now owns 87,799 shares of Elastic N.V, valued at $19,190 using the latest closing price.
Schuurman Steven, the Director of Elastic N.V, sale 815,000 shares at $97.54 during a trade that took place back on Mar 26 ’24, which means that Schuurman Steven is holding 8,382,000 shares at $79,495,100 based on the most recent closing price.
Stock Fundamentals for ESTC
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.74 for the gross margin
The net margin for Elastic N.V stands at 0.05. The total capital return value is set at -0.09. Equity return is now at value 10.26, with 3.04 for asset returns.
Based on Elastic N.V (ESTC), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is -4.83.
Currently, EBITDA for the company is -140.19 million with net debt to EBITDA at -0.83. When we switch over and look at the enterprise to sales, we see a ratio of 8.36. The receivables turnover for the company is 5.27for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
To put it simply, Elastic N.V (ESTC) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
