At the time of writing, Elastic N.V [ESTC] stock is trading at $99.97, up 0.80%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ESTC shares have gain 1.97% over the last week, with a monthly amount drifted -3.92%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Elastic N.V [NYSE: ESTC] stock has seen the most recent analyst activity on December 17, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $130. Previously, Wedbush upgraded its rating to Outperform on November 25, 2024, and kept the price target unchanged to $135. On November 22, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $135 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $140 on November 22, 2024. William Blair upgraded its rating to a Outperform. Barclays upgraded its rating to Overweight for this stock on October 07, 2024, and upped its price target to $95. In a note dated September 11, 2024, Guggenheim initiated an Buy rating and provided a target price of $100 on this stock.
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 $93 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $99.97 at the most recent close of the market. An investor can expect a potential drop of -6.97% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 98.29 points at the first support level, and at 96.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.01, and for the 2nd resistance point, it is at 102.04.
Ratios To Look Out For
It is important to note that Elastic N.V [NYSE:ESTC] has a current ratio of 1.90. In addition, the Quick Ratio stands at 1.90 and the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 7.47, the price to book ratio is 12.77 and price to earnings (TTM) ratio is 181.14.
Transactions by insiders
Recent insider trading involved Kulkarni Ashutosh, Chief Executive Officer, that happened on Dec 18 ’24 when 7017.0 shares were sold. Officer, Kulkarni Ashutosh completed a deal on Dec 18 ’24 to buy 7017.0 shares. Meanwhile, Chief Revenue Officer Dodds Mark Eugene sold 3691.0 shares on Dec 09 ’24.
