At the time of writing, Elastic N.V [ESTC] stock is trading at $85.97, up 1.38%. 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 12.54% over the last week, with a monthly amount drifted -6.23%, 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 January 17, 2025, when Cantor Fitzgerald initiated its Neutral rating and assigned the stock a price target of $108. Previously, Morgan Stanley started tracking the stock with Overweight rating on December 17, 2024, and set its price target to $130. On November 25, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $135 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $135 on November 22, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $140 on November 22, 2024. William Blair upgraded its rating to Outperform for this stock on October 14, 2024. In a note dated October 07, 2024, Barclays upgraded an Overweight rating on this stock and boosted its target price from $90 to $95.
For the past year, the stock price of Elastic N.V fluctuated between $69.00 and $123.96. Currently, Wall Street analysts expect the stock to reach $75 within the next 12 months. Elastic N.V [NYSE: ESTC] shares were valued at $85.97 at the most recent close of the market. An investor can expect a potential drop of -12.76% based on the average ESTC price forecast.
Analyzing the ESTC fundamentals
According to Elastic N.V [NYSE:ESTC], the company’s sales were 1.43B for trailing twelve months, which represents an 16.50% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.17 and Total Capital is -0.06. 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 84.87 points at the first support level, and at 83.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.86, and for the 2nd resistance point, it is at 87.76.
Ratios To Look Out For
It is important to note that Elastic N.V [NYSE:ESTC] has a current ratio of 1.93. Also, the Quick Ratio is 1.93, while the Cash Ratio stands at 0.7. Considering the valuation of this stock, the price to sales ratio is 6.28, the price to book ratio is 10.45.
Transactions by insiders
Recent insider trading involved Kulkarni Ashutosh, Chief Executive Officer, that happened on Mar 25 ’25 when 5000.0 shares were sold. Officer, ASHUTOSH K KULKARNI completed a deal on Mar 25 ’25 to buy 5000.0 shares. Meanwhile, Chief Revenue Officer Dodds Mark Eugene sold 2755.0 shares on Mar 10 ’25.
