At the time of writing, Elastic N.V [ESTC] stock is trading at $131.21, up 0.39%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ESTC shares have gain 4.65% over the last week, with a monthly amount glided 11.54%, and seem to be holding up well over a long-time horizon.
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
On 22, February 2024, Elastic to Present in Upcoming Investor Conference. In a post published today on Yahoo Finance, Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, announced that its management will present at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6, 2024 at 8:45 a.m. PT / 11:45 a.m. ET.
From an analyst’s perspective:
Elastic N.V [NYSE: ESTC] stock has seen the most recent analyst activity on February 15, 2024, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $185. Previously, Barclays downgraded its rating to Equal Weight on January 12, 2024, and elevated its price target to $110. On December 01, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $108 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $100 on October 18, 2023. Needham initiated its recommendation with a Hold. TD Cowen started tracking with a Market Perform rating for this stock on August 18, 2023, and assigned it a price target of $65.
For the past year, the stock price of Elastic N.V fluctuated between $50.21 and $133.59. Currently, Wall Street analysts expect the stock to reach $150.36 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $131.21 at the most recent close of the market. An investor can expect a potential return of 14.59% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
According to Elastic N.V [NYSE:ESTC], the company’s sales were 1.16B for trailing twelve months, which represents an 17.48% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 130.03 points at the first support level, and at 128.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 132.82, and for the 2nd resistance point, it is at 134.43.
Elastic N.V [ESTC] reported earnings per share of $0.37 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.24/share, meaning a difference of $0.13 and a surprise factor of 54.20%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.25 per share as compared to estimates of $0.11 per share, a difference of $0.14 representing a surprise of 127.30%.
Ratios To Look Out For
It is important to note that Elastic N.V [NYSE:ESTC] has a current ratio of 1.80. Also, the Quick Ratio is 1.80, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 11.28, the price to book ratio is 28.71.
Transactions by insiders
Recent insider trading involved Gleeson Alison, Director, that happened on Dec 15 when 3404.0 shares were sold. Chief Legal Officer, Herzog Carolyn completed a deal on Dec 12 to sell 20234.0 shares. Meanwhile, Director Leibowitz Shelley B sold 1000.0 shares on Dec 12.
