e.l.f. Beauty Inc [ELF] stock prices are down -1.75% to $167.18 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ELF shares have gain 2.08% over the last week, with a monthly amount drifted -13.82%, and not 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 29, March 2024, e.l.f. Cosmetics Debuts TikTok Shop Super Brand Day. In a post published today on Yahoo Finance, In an eyes.lips.first, e.l.f. is Debuting New Power Grip Dewy Setting Spray with an Original Soundtrack.
From an analyst’s perspective:
e.l.f. Beauty Inc [NYSE: ELF] stock has seen the most recent analyst activity on January 30, 2024, when Robert W. Baird initiated its Neutral rating and assigned the stock a price target of $185. Previously, Morgan Stanley downgraded its rating to Equal-Weight on January 22, 2024, and elevated its price target to $168. On October 23, 2023, upgrade upgraded it’s rating to Strong Buy and revised its price target to $140 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $115 on October 06, 2023. UBS initiated its recommendation with a Buy and recommended $138 as its price target on September 27, 2023. Stifel reiterated a Hold rating for this stock on July 24, 2023, and upped its price target to $107. In a note dated April 14, 2023, Truist reiterated an Buy rating on this stock and boosted its target price from $75 to $100.
The stock price of e.l.f. Beauty Inc [ELF] has been fluctuating between $81.01 and $221.83 over the past year. Currently, Wall Street analysts expect the stock to reach $113.88 within the next 12 months. e.l.f. Beauty Inc [NYSE: ELF] shares were valued at $167.18 at the most recent close of the market. An investor can expect a potential drop of -31.88% based on the average ELF price forecast.
Analyzing the ELF fundamentals
The e.l.f. Beauty Inc [NYSE:ELF] reported sales of 890.15M for trailing twelve months, representing a surge of 84.90%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.26 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.
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 164.25 points at the first support level, and at 161.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 172.27, and for the 2nd resistance point, it is at 177.35.
e.l.f. Beauty Inc [ELF] reported earnings per share of $0.74 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.56/share, meaning a difference of $0.18 and a surprise factor of 32.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.82 per share as compared to estimates of $0.52 per share, a difference of $0.3 representing a surprise of 57.70%.
Ratios To Look Out For
It’s worth pointing out that e.l.f. Beauty Inc [NYSE:ELF]’s Current Ratio is 1.50. As well, the Quick Ratio is 0.83, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 10.43, the price to book ratio is 15.08 and price to earnings (TTM) ratio is 74.10.
Transactions by insiders
Recent insider trading involved Franks Joshua Allen, SVP, Operations, that happened on Mar 08 ’24 when 6540.0 shares were sold. Chief Executive Officer, AMIN TARANG completed a deal on Mar 05 ’24 to sell 23519.0 shares. Meanwhile, Director Tait Gayle sold 835.0 shares on Feb 29 ’24.
