The price-to-earnings ratio for Elastic N.V (NYSE: ESTC) is above average at 197.62x. The 36-month beta value for ESTC is also noteworthy at 0.96. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for ESTC is 136.89M, and at present, short sellers hold a 3.29% of that float. The average trading volume of ESTC on August 23, 2024 was 1.18M shares.
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ESTC) stock’s latest price update
Elastic N.V (NYSE: ESTC)’s stock price has gone decline by -4.10 in comparison to its previous close of 110.08, however, the company has experienced a -2.96% decrease in its stock price over the last five trading days. businesswire.com reported 2024-08-07 that SAN FRANCISCO–(BUSINESS WIRE)–Elastic (NYSE: ESTC), the Search AI Company, today announced Elastic Express Migration1, a new incentive program that provides an accelerated path for organizations to migrate away from legacy SIEM vendors and adopt Elastic’s AI capabilities quickly and efficiently. The program’s two key incentives build on Elastic’s simple consumption-based pricing model, with migration credits to mitigate dual-vendor costs during transition plus service credits that can be appl.
ESTC’s Market Performance
Elastic N.V (ESTC) has experienced a -2.96% fall in stock performance for the past week, with a -4.39% drop in the past month, and a -2.12% drop in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 4.01% for ESTC. The simple moving average for the last 20 days is -1.39% for ESTC’s stock, with a simple moving average of -1.65% for the last 200 days.
Analysts’ Opinion of ESTC
Many brokerage firms have already submitted their reports for ESTC stocks, with UBS repeating the rating for ESTC by listing it as a “Buy.” The predicted price for ESTC in the upcoming period, according to UBS is $135 based on the research report published on May 22, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see ESTC reach a price target of $185. The rating they have provided for ESTC stocks is “Sector Outperform” according to the report published on February 15th, 2024.
Barclays gave a rating of “Equal Weight” to ESTC, setting the target price at $110 in the report published on January 12th of the current year.
ESTC Trading at -4.97% 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 -22.41% of loss for the given period.
Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -7.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.38% lower at present.
During the last 5 trading sessions, ESTC fell by -2.96%, which changed the moving average for the period of 200-days by +45.96% in comparison to the 20-day moving average, which settled at $106.65. In addition, Elastic N.V saw -6.33% 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 Kulkarni Ashutosh, who sale 9,664 shares at the price of $109.88 back on Jun 24 ’24. After this action, Kulkarni Ashutosh now owns 452,297 shares of Elastic N.V, valued at $1,061,880 using the latest closing price.
Banon Shay, the Chief Technology Officer of Elastic N.V, sale 180,000 shares at $107.82 during a trade that took place back on Jun 21 ’24, which means that Banon Shay is holding 2,874,978 shares at $19,407,526 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 10.86, with 3.10 for asset returns.
Based on Elastic N.V (ESTC), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is -4.78.
Currently, EBITDA for the company is -104.54 million with net debt to EBITDA at -0.56. When we switch over and look at the enterprise to sales, we see a ratio of 8.51. The receivables turnover for the company is 3.92for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
In summary, Elastic N.V (ESTC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
