Elastic N.V [ESTC] stock is trading at $115.72, up 0.74%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ESTC shares have gain 1.59% over the last week, with a monthly amount glided 7.94%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Elastic N.V [NYSE: ESTC] stock has seen the most recent analyst activity on May 22, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $135. Previously, Scotiabank started tracking the stock with Sector Outperform rating on February 15, 2024, and set its price target to $185. On January 12, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $110 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $108 on December 01, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $100 on October 18, 2023. In a note dated August 18, 2023, TD Cowen initiated an Market Perform rating and provided a target price of $65 on this stock.
Elastic N.V [ESTC] stock has fluctuated between $57.38 and $136.06 over the past year. Currently, Wall Street analysts expect the stock to reach $131.78 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $115.72 at the most recent close of the market. An investor can expect a potential return of 13.88% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
Elastic N.V [NYSE:ESTC] reported sales of 1.27B for the trailing twelve months, which represents a growth of 19.67%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.
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 113.77 points at the first support level, and at 111.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.83, and for the 2nd resistance point, it is at 119.95.
Ratios To Look Out For
For context, Elastic N.V’s Current Ratio is 1.67. In addition, the Quick Ratio stands at 1.67 and the Cash Ratio stands at 0.62. Considering the valuation of this stock, the price to sales ratio is 9.29, the price to book ratio is 15.94 and price to earnings (TTM) ratio is 216.62.
Transactions by insiders
Recent insider trading involved Banon Shay, Chief Technology Officer, that happened on Jun 24 ’24 when 0.12 million shares were sold. Chief Executive Officer, Kulkarni Ashutosh completed a deal on Jun 24 ’24 to sell 9664.0 shares. Meanwhile, Chief Technology Officer Banon Shay sold 0.18 million shares on Jun 21 ’24.
