At the time of writing, Elastic N.V [ESTC] stock is trading at $95.18, up 0.35%. An important factor to consider is whether the stock is rising or falling in short-term value. The ESTC shares have lost -3.58% over the last week, with a monthly amount drifted -5.84%, 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
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 $54.06 and $136.06. Currently, Wall Street analysts expect the stock to reach $137.77 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $95.18 at the most recent close of the market. An investor can expect a potential return of 44.75% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
According to Elastic N.V [NYSE:ESTC], the company’s sales were 1.21B for trailing twelve months, which represents an 19.45% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.82.
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 94.30 points at the first support level, and at 93.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.89, and for the 2nd resistance point, it is at 96.61.
Ratios To Look Out For
It is important to note that Elastic N.V [NYSE:ESTC] has a current ratio of 1.78. On the other hand, the Quick Ratio is 1.78, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 7.92, the price to book ratio is 13.55 and price to earnings (TTM) ratio is 207.86.
Transactions by insiders
Recent insider trading involved Herzog Carolyn, Chief Legal Officer, that happened on Mar 27 ’24 when 192.0 shares were sold. Director, Schuurman Steven completed a deal on Mar 26 ’24 to sell 0.81 million shares. Meanwhile, Chief Technology Officer Banon Shay sold 20000.0 shares on Mar 20 ’24.
