The Price Of Elastic N.V. (ESTC) Has Climbed $50.68 Past Week

The stock of Elastic N.V. (NYSE:ESTC) increased by $2.61 on Wednesday to $70.53, up 3.84 percent. The last five days have seen an average of 1,143,629 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$52.42. The average number of shares traded over the last 20 days was 1,549,842, while the average volume over the last 50 days totaled 1,477,943.

ESTC stock appreciated 13.45% since last month. On 05/24/22, the company’s shares reached a one-month low of $54.56. The stock touched a high of $189.84 on 01/03/22, after rallying from a low of $50.74 in 52 weeks. The price of ESTC stock has declined by -44.82% or -$52.42 this year, reaching a new high 1 time. Still, the stock price is down -62.85% from the 52-week high.


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Insider Transactions

There have been 13 days since Elastic N.V. (ESTC) last reported insider trading activity on Jun 09. On Jun 09, Chief Financial Officer Moorjani Janesh sold 2,663 shares at $75.82 each. This transaction resulted in the insider making $201,907. On Jun 09, Kulkarni Ashutosh sold 3,690 shares at a price of US$75.82. After the transaction, the insider now owns 133,622 shares. CEO and Chairman Banon Shay had earlier sold 2,057 shares on Jun 09 for $75.82 a share. The transaction was completed for $155,960.

Valuation Metrics

Beta for the stock is 1.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.95, the price-to-book (PB) ratio of 14.61, and the price-to-cash flow ratio of 324.03.

Financial Health

For the three months ended April 29, Elastic N.V.’s quick ratio was 2.20, while its current ratio was 2.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 1.31, and the total debt to equity ratio is 1.31. As far as profitability goes, gross margin for the trailing twelve months is 73.10% percent. Elastic N.V.’s operating margin stood at -16.20% for the same period. Based on annual data, it had gross profit of $447.44 million and revenue of $608.49 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ESTC’s return on assets (ROA) during the last 12 months has been -11.60%. There was a -30.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -36.40%.

Earnings Surprise

According to Elastic N.V.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $239.36 million, while revenues rose by 12.55% to $223.94 million. It was predicted that Elastic N.V.’s quarterly earnings would be -$0.16, but it ended up being -$0.22, beating the consensus by 27.30%. EBITDA was -$25.57 million for the quarter. At the end of Elastic N.V.’s most recent quarter ended April 29, its liabilities totaled 1.13 billion, while its total debt was $594.22 million. Equity owned by shareholders amounts to $93.47 million.

Technical Picture

Here’s a quick look at Elastic N.V.’s (ESTC) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 56.20%, suggesting the stock is Neutral, with a 88.01% historical volatility rate.

The stochastic %K and %D were 39.54% and 31.06% respectively, while the average true range (ATR) was 4.96. Based on the 14-day stochastic reading of 52.31%, the RSI (14) reading is 53.27%. On the 9-day MACD Oscillator, the stock is at 0.77, and the 14-day reading is at -2.02.

Analyst Ratings

In its analyst report released on April 25, 2022, William Blair began covering Elastic N.V. (NYSE: ESTC). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Elastic N.V. (ESTC) an Overweight rating. ESTC is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 12 others recommend it as a buy.

What is ESTC’s price target for the next 12 months?

The current consensus forecast for the stock is between $65.00 and $135.00, with a median target price of $105.00. In analyzing these forecasts, the average price target given by analysts for Elastic N.V. (ESTC) is $101.31.

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