In the past week, ESTC stock has gone up by 3.78%, with a monthly gain of 8.86% and a quarterly plunge of -17.99%. The volatility ratio for the week is 3.06%, and the volatility levels for the last 30 days are 2.44% for Elastic N.V The simple moving average for the past 20 days is 7.59% for ESTC’s stock, with a -11.86% simple moving average for the past 200 days.
Is It Worth Investing in Elastic N.V (NYSE: ESTC) Right Now?
Elastic N.V (NYSE: ESTC) has a higher price-to-earnings ratio of 162.77x compared to its average ratio, The 36-month beta value for ESTC is at 0.95. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for ESTC is 85.55M, and currently, shorts hold a 3.52% of that float. The average trading volume for ESTC on November 15, 2024 was 1.29M shares.
ESTC) stock’s latest price update
Elastic N.V (NYSE: ESTC)’s stock price has plunge by -0.99relation to previous closing price of 90.12. Nevertheless, the company has seen a 3.78% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-14 that Elastic (ESTC) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 12.26% 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 -34.42% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 3.06%, as shares surge +8.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.04% upper at present.
During the last 5 trading sessions, ESTC rose by +3.78%, which changed the moving average for the period of 200-days by -23.77% in comparison to the 20-day moving average, which settled at $82.94. In addition, Elastic N.V saw -20.83% 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 0.27. 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 -78.62 million with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 6.94. 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 had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
