The stock of Elastic N.V. (NYSE:ESTC) increased by $1.07 on Tuesday to finish at $62.37, up 1.75 percent. The last five days have seen an average of 927,440 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $10.87. The average number of shares traded over the last 20 days was 1,005,520, while the average volume over the last 50 days totaled 1,229,474.
ESTC stock dropped -9.87% since last month. On 08/09/23, the company’s shares reached a one-month low of $58.23. The stock touched a high of $91.30 on 06/02/23, after rallying from a low of $46.18 in 52 weeks. The price of ESTC stock has risen by 21.11% or $10.87 this year, reaching a new high 13 times. Still, the stock price is down -31.69% 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 15 days ago on Aug 01. On Aug 01, Director Chadwick Jonathan sold 25,000 shares at $66.31 each. This transaction resulted in the insider making $1,657,688. On Jul 03, Chadwick Jonathan sold 25,000 shares at a price of US$64.57. After the transaction, the insider now owns 7,729 shares. Chief Legal Officer Herzog Carolyn had earlier sold 1,320 shares on Jul 03 for $64.20 a share. The transaction was completed for $84,744.
Valuation Metrics
Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.69, the price-to-book (PB) ratio of 15.18, and the price-to-cash flow ratio of 184.35.
Financial Health
For the three months ended April 29, Elastic N.V.’s quick ratio was 1.80, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 1.42, and the total debt to equity ratio is 1.42. As far as profitability goes, gross margin for the trailing twelve months is 72.30% percent. Elastic N.V.’s EBITDA margin for the year ended April 29 was -14.11%, whereas its operating margin stood at -20.50% for the same period. Based on annual data, it had gross profit of $772.36 million and revenue of $1.07 billion.
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 -14.50%. There was a -24.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -60.20%.
Earnings Surprise
According to Elastic N.V.’s quarterly financial report for the quarter that ended April 29, it had $567.54 million in total debt versus $271.04 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $279.94 million, while revenues rose by 14.5% to $274.57 million. It was predicted that Elastic N.V.’s quarterly earnings would be $0.22, but it ended up being $0.1. EBITDA was -$18.5 million for the quarter. At the end of Elastic N.V.’s most recent quarter ended April 29, its liabilities totaled 1.34 billion, while its total debt was $594.23 million. Equity owned by shareholders amounts to $97.39 million.
Technical Picture
Here’s a quick look at Elastic N.V.’s (ESTC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 49.69%, suggesting the stock is Neutral, with a 35.91% historical volatility rate.
The stochastic %K and %D were 28.18% and 19.00% respectively, while the average true range (ATR) was 2.48. Based on the 14-day stochastic reading of 41.57%, the RSI (14) reading is 47.16%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at -1.23.
Analyst Ratings
Analysts have assigned Elastic N.V. (ESTC) an Overweight rating. ESTC is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 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 $60.00 and $112.00, with a median target price of $79.00. In analyzing these forecasts, the average price target given by analysts for Elastic N.V. (ESTC) is $78.42.
