The price-to-earnings ratio for Elastic N.V (NYSE: ESTC) is 210.69x, which is above its average ratio. Moreover, the 36-month beta value for ESTC is 1.04. Analysts have varying opinions on the stock, with 13 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for ESTC is 85.69M and currently, short sellers hold a 3.46% of that float. On December 04, 2024, ESTC’s average trading volume was 1.38M shares.
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ESTC) stock’s latest price update
The stock price of Elastic N.V (NYSE: ESTC) has surged by 2.96 when compared to previous closing price of 112.94, but the company has seen a 4.26% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-03 that SAN FRANCISCO–(BUSINESS WIRE)–Elastic (NYSE: ESTC), the Search AI Company, announced Elastic Security now offers expanded cloud detection and response (CDR) capabilities from a single SIEM to reduce tool fragmentation and streamline cloud security. The additional features include agentless ingestion, cloud asset inventory, extended protections, and graph view that enables out-of-the-box correlation and context enrichment using customers’ existing data. Legacy security solutions have complex w.
ESTC’s Market Performance
Elastic N.V (ESTC) has seen a 4.26% rise in stock performance for the week, with a 46.03% gain in the past month and a 60.34% surge in the past quarter. The volatility ratio for the week is 3.47%, and the volatility levels for the past 30 days are at 3.64% for ESTC. The simple moving average for the last 20 days is 19.04% for ESTC stock, with a simple moving average of 16.58% for the last 200 days.
Analysts’ Opinion of ESTC
Many brokerage firms have already submitted their reports for ESTC stocks, with Wedbush repeating the rating for ESTC by listing it as a “Outperform.” The predicted price for ESTC in the upcoming period, according to Wedbush is $135 based on the research report published on November 25, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see ESTC reach a price target of $135, previously predicting the price at $95. The rating they have provided for ESTC stocks is “Outperform” according to the report published on November 22nd, 2024.
Oppenheimer gave a rating of “Outperform” to ESTC, setting the target price at $140 in the report published on November 22nd of the current year.
ESTC Trading at 33.97% 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 -14.54% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 3.47%, as shares surge +42.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.49% upper at present.
During the last 5 trading sessions, ESTC rose by +5.51%, which changed the moving average for the period of 200-days by -6.15% in comparison to the 20-day moving average, which settled at $97.75. In addition, Elastic N.V saw 3.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ESTC starting from Kulkarni Ashutosh, who proposed sale 10,000 shares at the price of $112.11 back on Dec 02 ’24. After this action, Kulkarni Ashutosh now owns shares of Elastic N.V, valued at $1,121,112 using the latest closing price.
Banon Shay, the Chief Technology Officer of Elastic N.V, sale 150,000 shares at $109.58 during a trade that took place back on Nov 27 ’24, which means that Banon Shay is holding 2,454,978 shares at $16,436,836 based on the most recent closing price.
Stock Fundamentals for ESTC
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.74 for the gross margin
The net margin for Elastic N.V stands at 0.04. The total capital return value is set at -0.07. Equity return is now at value 9.53, with 3.03 for asset returns.
Based on Elastic N.V (ESTC), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 9.84. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -3.97.
Currently, EBITDA for the company is -78.62 million with net debt to EBITDA at 11.32. When we switch over and look at the enterprise to sales, we see a ratio of 8.27. The receivables turnover for the company is 5.37for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.
Conclusion
To wrap up, the performance of Elastic N.V (ESTC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
