At the time of writing, Elastic N.V [ESTC] stock is trading at $110.08, down -0.28%. 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 4.27% over the last week, with a monthly amount drifted -6.23%, and not 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.
For the past year, the stock price of Elastic N.V fluctuated between $57.38 and $136.06. 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 $110.08 at the most recent close of the market. An investor can expect a potential return of 19.71% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
According to Elastic N.V [NYSE:ESTC], the company’s sales were 1.27B for trailing twelve months, which represents an 19.67% 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. 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 108.31 points at the first support level, and at 106.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.34, and for the 2nd resistance point, it is at 112.60.
Ratios To Look Out For
It is important to note that Elastic N.V [NYSE:ESTC] has a current ratio of 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 8.84, the price to book ratio is 15.17 and price to earnings (TTM) ratio is 206.07.
Transactions by insiders
Recent insider trading involved Kulkarni Ashutosh, Chief Executive Officer, that happened on Jun 24 ’24 when 9664.0 shares were sold. Chief Technology Officer, Banon Shay completed a deal on Jun 21 ’24 to sell 0.18 million shares. Meanwhile, Chief Technology Officer Banon Shay sold 0.12 million shares on Jun 24 ’24.
