At the time of writing, e.l.f. Beauty Inc [ELF] stock is trading at $162.91, down -2.58%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ELF shares have gain 0.95% over the last week, with a monthly amount drifted -21.08%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of e.l.f. Beauty Inc fluctuated between $83.80 and $221.83. 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 $162.91 at the most recent close of the market. An investor can expect a potential drop of -30.1% based on the average ELF price forecast.
Analyzing the ELF fundamentals
According to e.l.f. Beauty Inc [NYSE:ELF], the company’s sales were 890.15M for trailing twelve months, which represents an 84.90% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
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 160.43 points at the first support level, and at 157.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 166.73, and for the 2nd resistance point, it is at 170.55.
Ratios To Look Out For
It is important to note that e.l.f. Beauty Inc [NYSE:ELF] has a current ratio of 1.50. In addition, the Quick Ratio stands at 0.83 and the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 10.16, the price to book ratio is 14.70 and price to earnings (TTM) ratio is 72.21.
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.
