Value gained By Elastic N.V. (ESTC) In The Past Week: $52.00


Elastic N.V. (NYSE:ESTC) finished Friday with a subtraction of -$0.12 to close at $51.50, a downside of -0.23 percent. An average of 986,100 shares of common stock have been traded in the last five days. There was a fall of -$0.52 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,386,315 shares traded, while the 50-day average volume stands at 1,595,654.

ESTC stock has decreased by -15.84% in the last month. The company shares reached their 1-month lowest point of $48.63 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $48.63 and a high of $126.89 in 52 weeks. It has reached a new high 1 time so far this year and lost -58.16% or -$71.59 in price. In spite of this, the price is down -59.41% from the 52-week high.

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Insider Transactions

ESTC stock investors should be aware that Elastic N.V. (ESTC) stock had its last reported insider trading activity 22 days ago on Dec 09. In this transaction, the insider spent $70,969. Chief Product Officer, Exner Ken, disposed of 1,405 shares at a price of $53.60 on Dec 09. The insider now owns more than $75,310 worth of shares. Prior to that, Chief Technology Officer Banon Shay went on to Sale 2,026 shares at $53.60 each on Dec 09. An amount of $108,597 was transacted.

Valuation Metrics

Elastic N.V. (ESTC) stock’s beta is 1.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.09, the price-to-book (PB) ratio at 12.53, and the price-to-cash flow ratio at 16596.73.

Financial Health

The quick ratio of Elastic N.V. for the three months ended October 30 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.45 and a total debt to equity ratio of 1.45 for the quarter ending October 30. Its gross profit as reported stood at $630.18 million compared to revenue of $862.37 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Elastic N.V.’s return on assets was -15.00%.

Earnings Surprise

For the three-month period that ended October 30, Elastic N.V. had $567.03 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$47.31 million in the quarter, while revenues of -$69.55 million were grew 0.61%. The analyst consensus anticipated Elastic N.V.’s latest quarter earnings to come in at -$0.1 per share, but it turned out to be $0, a 100.00% surprise. For the quarter, EBITDA amounted to -$25.33 million. Shareholders own equity worth $95.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Elastic N.V. (ESTC) price momentum. RSI 9-day as of the close on 30 December was 41.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.26%.

As of today, ESTC’s price is $50.65 -1.00% or -$0.52 from its 5-day moving average. ESTC is currently trading -9.92% lower than its 20-day SMA and -37.91% lower than its 100-day SMA. However, the stock’s current price level is -16.84% below the SMA50 and -33.43% below the SMA200.

The stochastic %K and %D were 16.35% and 10.79%, respectively, and the average true range (ATR) was 2.64. With the 14-day stochastic at 21.57% and the average true range at 2.96, the RSI (14) stands at 41.88%. The stock has reached -0.82 on the 9-day MACD Oscillator while the 14-day reading was at -2.97.

Analyst Ratings

Wedbush launched coverage on Elastic N.V. (NYSE: ESTC) in its analyst report released on December 15, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Elastic N.V. (ESTC) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ESTC, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 others rate it as a “buy”.

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

Analysts predict a range of price targets between $52.00 and $100.00, with a median target of $78.30. Taking a look at these predictions, the average price target given by analysts for Elastic N.V. (ESTC) stock is $75.87.


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