A share price of Elastic N.V [ESTC] is currently trading at $76.51, down -0.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The ESTC shares have gain 2.00% over the last week, with a monthly amount glided 7.61%, 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 October 07, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $95 from $90. Previously, Guggenheim started tracking the stock with Buy rating on September 11, 2024, and set its price target to $100. On August 30, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $95 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $94 on August 30, 2024. UBS initiated its recommendation with a Buy and recommended $135 as its price target on May 22, 2024. Scotiabank started tracking with a Sector Outperform rating for this stock on February 15, 2024, and assigned it a price target of $185. In a note dated January 12, 2024, Barclays downgraded an Equal Weight rating on this stock and boosted its target price from $100 to $110.
Elastic N.V experienced fluctuations in its stock price throughout the past year between $69.00 and $136.06. Currently, Wall Street analysts expect the stock to reach $129.32 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $76.51 at the most recent close of the market. An investor can expect a potential return of 69.02% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
Trailing Twelve Months sales for Elastic N.V [NYSE:ESTC] were 1.32B which represents 18.27% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.76.
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 75.92 points at the first support level, and at 75.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.48, and for the 2nd resistance point, it is at 78.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Elastic N.V [NYSE:ESTC] is 1.81. On the other hand, the Quick Ratio is 1.81, and the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 5.95, the price to book ratio is 10.35 and price to earnings (TTM) ratio is 139.57.
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.
