Elastic N.V [ESTC] stock is trading at $83.00, up 1.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ESTC shares have gain 5.05% over the last week, with a monthly amount glided 12.44%, 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 [ESTC] stock has fluctuated between $69.00 and $136.06 over the past year. 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 $83.00 at the most recent close of the market. An investor can expect a potential return of 55.81% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
Elastic N.V [NYSE:ESTC] reported sales of 1.32B for the trailing twelve months, which represents a growth of 18.27%. 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 81.46 points at the first support level, and at 79.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.29, and for the 2nd resistance point, it is at 85.57.
Ratios To Look Out For
For context, Elastic N.V’s Current Ratio is 1.81. Also, the Quick Ratio is 1.81, while the Cash Ratio stands at 0.78. Considering the valuation of this stock, the price to sales ratio is 6.46, the price to book ratio is 11.23 and price to earnings (TTM) ratio is 151.40.
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.
