In the past week, ESTC stock has gone up by 1.41%, with a monthly gain of 11.03% and a quarterly plunge of -25.62%. The volatility ratio for the week is 3.77%, and the volatility levels for the last 30 days are 3.00% for Elastic N.V The simple moving average for the last 20 days is 5.48% for ESTC stock, with a simple moving average of -20.34% for the last 200 days.
Is It Worth Investing in Elastic N.V (NYSE: ESTC) Right Now?
Elastic N.V (NYSE: ESTC) has a price-to-earnings ratio of 151.74x that is above its average ratio. Additionally, the 36-month beta value for ESTC is 0.95. 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.”
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The public float for ESTC is 85.43M and currently, short sellers hold a 4.40% ratio of that float. The average trading volume of ESTC on October 17, 2024 was 1.31M shares.
ESTC) stock’s latest price update
The stock of Elastic N.V (NYSE: ESTC) has increased by 1.48 when compared to last closing price of 81.97. Despite this, the company has experienced a 1.41% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-10-17 that LOS ANGELES, CA / ACCESSWIRE / October 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, publicizes that it’s investigating claims on behalf of investors of Elastic N.V. (“Elastic” or “the Company”) (NYSE:ESTC) for violations of the securities laws.
Analysts’ Opinion of ESTC
Barclays, on the other hand, stated in their research note that they expect to see ESTC reach a price target of $95, previously predicting the price at $90. The rating they have provided for ESTC stocks is “Overweight” according to the report published on October 07th, 2024.
Guggenheim gave a rating of “Buy” to ESTC, setting the target price at $100 in the report published on September 11th of the current year.
ESTC Trading at -3.65% 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 -38.86% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares surge +8.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.20% lower at present.
During the last 5 trading sessions, ESTC rose by +0.83%, which changed the moving average for the period of 200-days by -22.37% in comparison to the 20-day moving average, which settled at $78.84. In addition, Elastic N.V saw -26.19% 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 Moorjani Janesh, who sale 6,941 shares at the price of $70.25 back on Sep 09 ’24. After this action, Moorjani Janesh now owns 195,550 shares of Elastic N.V, valued at $487,605 using the latest closing price.
Banon Shay, the Chief Technology Officer of Elastic N.V, sale 2,666 shares at $70.25 during a trade that took place back on Sep 09 ’24, which means that Banon Shay is holding 4,543,190 shares at $187,286 based on the most recent closing price.
Stock Fundamentals for ESTC
Current profitability levels for the company are sitting at:
- -0.09 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 10.42, with 3.17 for asset returns.
Based on Elastic N.V (ESTC), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is -4.64.
Currently, EBITDA for the company is -104.54 million with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 6.43. The receivables turnover for the company is 6.72for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
In conclusion, Elastic N.V (ESTC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
