The stock of Elastic N.V (ESTC) has gone down by -3.38% for the week, with a -4.08% drop in the past month and a 32.30% rise in the past quarter. The volatility ratio for the week is 3.29%, and the volatility levels for the past 30 days are 3.38% for ESTC. The simple moving average for the past 20 days is -3.85% for ESTC’s stock, with a 4.83% 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 price-to-earnings ratio that is above its average at 187.75x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 7 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for ESTC is 88.37M, and at present, short sellers hold a 2.60% of that float. On December 25, 2024, the average trading volume of ESTC was 1.40M shares.
ESTC) stock’s latest price update
Elastic N.V (NYSE: ESTC)’s stock price has plunge by 0.93relation to previous closing price of 102.67. Nevertheless, the company has seen a -3.38% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-12-13 that SAN FRANCISCO–(BUSINESS WIRE)–Elastic (NYSE: ESTC), the Search AI Company, announced the general availability of Elasticsearch logsdb index mode. This latest innovation in log management reduces the storage footprint of log data by up to 65% compared to recent versions of Elasticsearch without logsdb index mode. Now, security and observability teams have increased visibility while keeping all data immediately accessible for analysis. “Logs are critical for detection and remediation, but the g.
Analysts’ Opinion of ESTC
Many brokerage firms have already submitted their reports for ESTC stocks, with Morgan Stanley repeating the rating for ESTC by listing it as a “Overweight.” The predicted price for ESTC in the upcoming period, according to Morgan Stanley is $130 based on the research report published on December 17, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see ESTC reach a price target of $135. The rating they have provided for ESTC stocks is “Outperform” according to the report published on November 25th, 2024.
Robert W. Baird gave a rating of “Outperform” to ESTC, setting the target price at $135 in the report published on November 22nd of the current year.
ESTC Trading at 9.69% 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 -23.84% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares sank -7.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.66% upper at present.
During the last 5 trading sessions, ESTC fell by -3.38%, which changed the moving average for the period of 200-days by -0.23% in comparison to the 20-day moving average, which settled at $107.76. In addition, Elastic N.V saw -8.06% 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 Kulkarni Ashutosh, who sale 7,017 shares at the price of $108.12 back on Dec 18 ’24. After this action, Kulkarni Ashutosh now owns 395,326 shares of Elastic N.V, valued at $758,689 using the latest closing price.
Kulkarni Ashutosh, the Officer of Elastic N.V, proposed sale 7,017 shares at $108.12 during a trade that took place back on Dec 18 ’24, which means that Kulkarni Ashutosh is holding shares at $758,689 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 7.34. 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 sum up, Elastic N.V (ESTC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
