At the time of writing, Elastic N.V [ESTC] stock is trading at $74.46, up 3.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ESTC shares have gain 1.53% over the last week, with a monthly amount drifted -27.55%, 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 September 11, 2024, when Guggenheim initiated its Buy rating and assigned the stock a price target of $100. Previously, Robert W. Baird downgraded its rating to Neutral on August 30, 2024, and dropped its price target to $95. On August 30, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $94 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $135 on May 22, 2024. Scotiabank initiated its recommendation with a Sector Outperform and recommended $185 as its price target on February 15, 2024. Barclays downgraded its rating to Equal Weight for this stock on January 12, 2024, and upped its price target to $110. In a note dated December 01, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $90 to $108.
For the past year, the stock price of Elastic N.V fluctuated between $69.00 and $136.06. Currently, Wall Street analysts expect the stock to reach $131.22 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $74.46 at the most recent close of the market. An investor can expect a potential return of 76.23% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
According to Elastic N.V [NYSE:ESTC], the company’s sales were 1.32B for trailing twelve months, which represents an 18.27% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.09%, 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 0.09 and Total Capital is -0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.
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 72.25 points at the first support level, and at 70.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.69, and for the 2nd resistance point, it is at 76.93.
Ratios To Look Out For
It is important to note that Elastic N.V [NYSE:ESTC] has a current ratio of 1.81. As well, the Quick Ratio is 1.81, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 5.79, the price to book ratio is 10.07 and price to earnings (TTM) ratio is 135.83.
Transactions by insiders
Recent insider trading involved Moorjani Janesh, CFO & COO, that happened on Sep 09 ’24 when 6941.0 shares were sold. Chief Technology Officer, Banon Shay completed a deal on Sep 09 ’24 to sell 2666.0 shares. Meanwhile, Chief Executive Officer Kulkarni Ashutosh sold 19649.0 shares on Sep 09 ’24.
