Elastic N.V [ESTC] stock prices are saw in change for the day to $80.98 at the moment. 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 4.34% over the last week, with a monthly amount glided 7.96%, 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 14, 2024, when William Blair upgraded its rating to a Outperform. Previously, Barclays upgraded its rating to Overweight on October 07, 2024, and elevated its price target to $95. On September 11, 2024, Guggenheim initiated with a Buy rating and assigned a price target of $100 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $95 on August 30, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $94 on August 30, 2024. UBS started tracking with a Buy rating for this stock on May 22, 2024, and assigned it a price target of $135. In a note dated February 15, 2024, Scotiabank initiated an Sector Outperform rating and provided a target price of $185 on this stock.
The stock price of Elastic N.V [ESTC] has been fluctuating between $69.00 and $136.06 over the past year. Currently, Wall Street analysts expect the stock to reach $125 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $80.98 at the most recent close of the market. An investor can expect a potential return of 54.36% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
The Elastic N.V [NYSE:ESTC] reported sales of 1.32B for trailing twelve months, representing a surge 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. 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 80.29 points at the first support level, and at 79.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.35, and for the 2nd resistance point, it is at 83.72.
Ratios To Look Out For
It’s worth pointing out that Elastic N.V [NYSE:ESTC]’s Current Ratio is 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 6.30, the price to book ratio is 10.95 and price to earnings (TTM) ratio is 147.72.
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.
