e.l.f. Beauty Inc (NYSE: ELF)’s stock price has decreased by -1.15 compared to its previous closing price of 204.23. However, the company has seen a -1.32% decrease in its stock price over the last five trading sessions. investopedia.com reported 2024-07-01 that E.l.f. Beauty (ELF) is selling real-life makeup products on the online gaming platform Roblox, the retailer said Monday, sending its shares higher.
Is It Worth Investing in e.l.f. Beauty Inc (NYSE: ELF) Right Now?
e.l.f. Beauty Inc (NYSE: ELF) has a higher price-to-earnings ratio of 91.04x compared to its average ratio. ELF has 36-month beta value of 1.46. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for ELF is 54.03M, and currently, short sellers hold a 6.39% ratio of that float. The average trading volume of ELF on July 04, 2024 was 1.72M shares.
ELF’s Market Performance
ELF stock saw an increase of -1.32% in the past week, with a monthly gain of 2.76% and a quarterly increase of 23.27%. The volatility ratio for the week is 5.47%, and the volatility levels for the last 30 days are 5.06% for e.l.f. Beauty Inc (ELF). The simple moving average for the last 20 days is 1.52% for ELF stock, with a simple moving average of 30.53% for the last 200 days.
Analysts’ Opinion of ELF
Many brokerage firms have already submitted their reports for ELF stocks, with Canaccord Genuity repeating the rating for ELF by listing it as a “Buy.” The predicted price for ELF in the upcoming period, according to Canaccord Genuity is $250 based on the research report published on June 18, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ELF reach a price target of $190, previously predicting the price at $220. The rating they have provided for ELF stocks is “Buy” according to the report published on April 17th, 2024.
Robert W. Baird gave a rating of “Neutral” to ELF, setting the target price at $185 in the report published on January 30th of the current year.
ELF Trading at 11.10% from the 50-Day Moving Average
After a stumble in the market that brought ELF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.99% of loss for the given period.
Volatility was left at 5.06%, however, over the last 30 days, the volatility rate increased by 5.47%, as shares surge +6.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.12% upper at present.
During the last 5 trading sessions, ELF fell by -1.26%, which changed the moving average for the period of 200-days by +60.63% in comparison to the 20-day moving average, which settled at $199.46. In addition, e.l.f. Beauty Inc saw 39.86% 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 ELF starting from WOLFORD RICHARD G, who sale 11,072 shares at the price of $181.13 back on Jun 07 ’24. After this action, WOLFORD RICHARD G now owns 12,741 shares of e.l.f. Beauty Inc, valued at $2,005,525 using the latest closing price.
AMIN TARANG, the Chief Executive Officer of e.l.f. Beauty Inc, sale 14,952 shares at $184.39 during a trade that took place back on Jun 06 ’24, which means that AMIN TARANG is holding 186,715 shares at $2,757,052 based on the most recent closing price.
Stock Fundamentals for ELF
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.69 for the gross margin
The net margin for e.l.f. Beauty Inc stands at 0.12. The total capital return value is set at 0.18. Equity return is now at value 24.23, with 14.80 for asset returns.
Based on e.l.f. Beauty Inc (ELF), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 11.38.
Currently, EBITDA for the company is 183.03 million with net debt to EBITDA at 0.97. When we switch over and look at the enterprise to sales, we see a ratio of 11.3. The receivables turnover for the company is 8.27for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
To put it simply, e.l.f. Beauty Inc (ELF) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
