The stock price of Elastic N.V (NYSE: ESTC) has jumped by 8.85 compared to previous close of 104.92. Despite this, the company has seen a gain of 13.80% in its stock price over the last five trading days. zacks.com reported 2025-01-16 that ESTC’s enhanced search AI platform, multi-vendor availability and features like Express migration and automatic import are driving customer growth.
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 206.94x. The stock has a 36-month beta value of 1.06. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 7 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for ESTC is 89.08M, and at present, short sellers hold a 2.81% of that float. On January 28, 2025, the average trading volume of ESTC was 1.43M shares.
ESTC’s Market Performance
ESTC stock saw an increase of 13.80% in the past week, with a monthly gain of 10.22% and a quarterly increase of 45.67%. The volatility ratio for the week is 3.90%, and the volatility levels for the last 30 days are 2.82% for Elastic N.V (ESTC). The simple moving average for the last 20 days is 13.08% for ESTC’s stock, with a simple moving average of 15.50% for the last 200 days.
Analysts’ Opinion of ESTC
Many brokerage firms have already submitted their reports for ESTC stocks, with Cantor Fitzgerald repeating the rating for ESTC by listing it as a “Neutral.” The predicted price for ESTC in the upcoming period, according to Cantor Fitzgerald is $108 based on the research report published on January 17, 2025 of the current year 2025.
Morgan Stanley, on the other hand, stated in their research note that they expect to see ESTC reach a price target of $130. The rating they have provided for ESTC stocks is “Overweight” according to the report published on December 17th, 2024.
Wedbush gave a rating of “Outperform” to ESTC, setting the target price at $135 in the report published on November 25th of the previous year.
ESTC Trading at 11.51% 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 -16.06% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares surge +10.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.06% upper at present.
During the last 5 trading sessions, ESTC rose by +14.59%, which changed the moving average for the period of 200-days by +17.07% in comparison to the 20-day moving average, which settled at $101.03. In addition, Elastic N.V saw 15.27% 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 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 8.15. 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 better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
