The price-to-earnings ratio for Elastic N.V (NYSE: ESTC) is above average at 143.76x, Company’s 36-month beta value is 0.95.Analysts have differing opinions 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 85.43M, and currently, short sellers hold a 4.40% ratio of that floaft. The average trading volume of ESTC on October 24, 2024 was 1.32M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
ESTC) stock’s latest price update
The stock price of Elastic N.V (NYSE: ESTC) has jumped by 1.55 compared to previous close of 77.61. Despite this, the company has seen a fall of -4.25% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-23 that We’re picking up our coverage of Elastic after the 30% pullback last quarter priced in the bad news of near-term headwinds and reset valuation. We see a buying opportunity for Elastic at current levels after management laid out the go-to-market negatives and de-risked FY25 guidance. Additionally, we see green shoots for better top-line growth down the line from cross-selling to existing customers and new AI-led use cases for Elastic.
ESTC’s Market Performance
Elastic N.V (ESTC) has experienced a -4.25% fall in stock performance for the past week, with a 0.63% rise in the past month, and a -30.05% drop in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 2.90% for ESTC. The simple moving average for the past 20 days is -0.67% for ESTC’s stock, with a -24.05% simple moving average for the past 200 days.
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 -5.92% 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 -42.08% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares surge +1.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.65% lower at present.
During the last 5 trading sessions, ESTC fell by -4.64%, which changed the moving average for the period of 200-days by -27.73% in comparison to the 20-day moving average, which settled at $79.32. In addition, Elastic N.V saw -30.07% 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 6.11. 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 a nutshell, Elastic N.V (ESTC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
