Elastic N.V. (NYSE:ESTC) finished Friday with a subtraction of -$0.09 to close at $59.44, a downside of -0.15 percent. An average of 807,940 shares of common stock have been traded in the last five days. There was a fall of -$4.07 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,056,485 shares traded, while the 50-day average volume stands at 1,309,380.
ESTC stock has decreased by -16.38% in the last month. The company shares reached their 1-month lowest point of $58.23 on 08/09/23. With the stock rallying to its 52-week high on 06/02/23, shares of the company touched a low of $46.18 and a high of $91.30 in 52 weeks. It has reached a new high 13 times so far this year and achieved 15.42% or $7.94 in price. In spite of this, the price is down -34.90% from the 52-week high.
Insider Transactions
ESTC stock investors should be aware that Elastic N.V. (ESTC) stock had its last reported insider trading activity 11 days ago on Aug 01. In this transaction, the insider spent $1,657,688. Director, Chadwick Jonathan, disposed of 25,000 shares at a price of $64.57 on Jul 03. The insider now owns more than $1,614,210 worth of shares. Prior to that, Chief Legal Officer Herzog Carolyn went on to Sale 1,320 shares at $64.20 each on Jul 03. An amount of $84,744 was transacted.
Valuation Metrics
Elastic N.V. (ESTC) stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.33, the price-to-book (PB) ratio at 14.46, and the price-to-cash flow ratio at 172.52.
Financial Health
The quick ratio of Elastic N.V. for the three months ended April 29 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.42 and a total debt to equity ratio of 1.42 for the quarter ending April 29. Elastic N.V.’s EBITDA margin for the year ending April 29 is -14.11%, while its operating margin for the same period stands at -20.50%. Its gross profit as reported stood at $772.36 million compared to revenue of $1.07 billion.
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 -14.50%.
Earnings Surprise
For the three-month period that ended April 29, Elastic N.V. had $271.04 million in cash and short-term investments compared to $567.54 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 -$46.73 million in the quarter, while revenues of -$72.57 million were shrunk -40.4%. 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 $0.22, a 120.00% surprise. For the quarter, EBITDA amounted to -$18.5 million. Shareholders own equity worth $97.39 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 11 August was 34.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.70%.
As of today, ESTC’s price is $59.92 -6.41% or -$4.07 from its 5-day moving average. ESTC is currently trading -14.92% lower than its 20-day SMA and +7.74% higher than its 100-day SMA. However, the stock’s current price level is -18.37% below the SMA50 and -6.51% below the SMA200.
The stochastic %K and %D were 10.14% and 9.57%, respectively, and the average true range (ATR) was 2.38. With the 14-day stochastic at 12.15% and the average true range at 2.42, the RSI (14) stands at 37.45%. The stock has reached -2.31 on the 9-day MACD Oscillator while the 14-day reading was at -3.37.
Analyst Ratings
The consensus rating for Elastic N.V. (ESTC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ESTC, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 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 $60.00 and $112.00, with a median target of $79.00. Taking a look at these predictions, the average price target given by analysts for Elastic N.V. (ESTC) stock is $78.42.
