At the time of writing, Elastic N.V [ESTC] stock is trading at $109.46, down -0.61%. 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 16.29% over the last week, with a monthly amount glided 35.17%, 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 November 25, 2024, when Wedbush upgraded its rating to a Outperform but kept the price target unchanged to $135 for it. Previously, Robert W. Baird upgraded its rating to Outperform on November 22, 2024, and elevated its price target to $135. On November 22, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $140 on the stock. William Blair upgraded its rating to a Outperform. Barclays upgraded its rating to a Overweight and raised its price target to $95 on October 07, 2024. Guggenheim started tracking with a Buy rating for this stock on September 11, 2024, and assigned it a price target of $100. In a note dated August 30, 2024, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $135 to $95.
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 $125.4 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $109.46 at the most recent close of the market. An investor can expect a potential return of 14.56% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
According to Elastic N.V [NYSE:ESTC], the company’s sales were 1.38B for trailing twelve months, which represents an 17.63% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 108.38 points at the first support level, and at 107.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.46, and for the 2nd resistance point, it is at 113.46.
Ratios To Look Out For
It is important to note that Elastic N.V [NYSE:ESTC] has a current ratio of 1.90. As well, the Quick Ratio is 1.90, while the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 8.20, the price to book ratio is 13.98 and price to earnings (TTM) ratio is 198.33.
Transactions by insiders
Recent insider trading involved STICHTING RNYB, Officer, that happened on Nov 27 ’24 when 0.15 million shares were purchased. Chief Technology Officer, Banon Shay completed a deal on Nov 26 ’24 to sell 0.15 million shares. Meanwhile, Chief Legal Officer Herzog Carolyn sold 11145.0 shares on Nov 26 ’24.
