The stock of e.l.f. Beauty Inc (ELF) has seen a -1.14% decrease in the past week, with a -34.98% drop in the past month, and a -46.76% decrease in the past quarter. The volatility ratio for the week is 4.79%, and the volatility levels for the past 30 days are at 5.53% for ELF. The simple moving average for the past 20 days is -12.68% for ELF’s stock, with a -34.42% simple moving average for the past 200 days.
Is It Worth Investing in e.l.f. Beauty Inc (NYSE: ELF) Right Now?
The price-to-earnings ratio for e.l.f. Beauty Inc (NYSE: ELF) is above average at 52.85x. The 36-month beta value for ELF is also noteworthy at 1.44. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ELF is 54.10M, and at present, short sellers hold a 7.19% of that float. The average trading volume of ELF on September 24, 2024 was 2.13M shares.
ELF) stock’s latest price update
The stock price of e.l.f. Beauty Inc (NYSE: ELF) has dropped by -0.61 compared to previous close of 111.83. Despite this, the company has seen a fall of -1.14% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-23 that e.l.f. Beauty has been a top momentum stock in 2023, driven by strong revenue growth from its digital-first strategy and appeal to Gen Z and Alpha consumers. Despite exceptional Q1 results, a tepid Q2 guide has puzzled investors, creating a buying opportunity with significant medium-term upside potential. International expansion, currently at 91% sales growth, offers a long runway for outsized growth, with plans to increase international sales share significantly over the next decade.
Analysts’ Opinion of ELF
Many brokerage firms have already submitted their reports for ELF stocks, with B. Riley Securities repeating the rating for ELF by listing it as a “Buy.” The predicted price for ELF in the upcoming period, according to B. Riley Securities is $175 based on the research report published on September 10, 2024 of the current year 2024.
BofA Securities, 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 $230. The rating they have provided for ELF stocks is “Buy” according to the report published on September 09th, 2024.
Robert W. Baird gave a rating of “Outperform” to ELF, setting the target price at $230 in the report published on July 18th of the current year.
ELF Trading at -27.33% 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 -49.89% of loss for the given period.
Volatility was left at 5.53%, however, over the last 30 days, the volatility rate increased by 4.79%, as shares sank -28.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.71% lower at present.
During the last 5 trading sessions, ELF fell by -1.05%, which changed the moving average for the period of 200-days by -11.35% in comparison to the 20-day moving average, which settled at $125.05. In addition, e.l.f. Beauty Inc saw -22.99% 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 ELF starting from AMIN TARANG, who sale 16,688 shares at the price of $136.18 back on Sep 05 ’24. After this action, AMIN TARANG now owns 106,016 shares of e.l.f. Beauty Inc, valued at $2,272,639 using the latest closing price.
AMIN TARANG, the Chief Executive Officer of e.l.f. Beauty Inc, sale 6,840 shares at $136.15 during a trade that took place back on Sep 05 ’24, which means that AMIN TARANG is holding 211,087 shares at $931,234 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 20.80, with 13.13 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 6.36. 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 1.77.
Conclusion
In summary, e.l.f. Beauty Inc (ELF) 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.
