At the last check on Friday, Elastic N.V.’s (NYSE:ESTC) stock was up $13.41, moving up 21.67 percent to $75.29. The average number of shares traded per day over the past five days has been 1,249,721 shares. 4 times new highs have been achieved over the past 5 days, with a $14.68 gain in that time frame. In the last twenty days, the average volume was 972,015, while in the previous 50 days, it was 1,062,040.
Since last month, ESTC stock rose 20.54%. Shares of the company fell to $57.38 on 08/29/23, the lowest level in the past month. A 52-week high of $91.30 was reached on 09/01/23 after having rallying from a 52-week low of $46.18. Since the beginning of this year, ESTC’s stock price has risen by 46.19% or $23.21, and marked a new high 14 times. However, the stock has declined by -17.54% since its 52-week high.
ESTC stock investors should be aware that Elastic N.V. (ESTC) stock had its last reported insider trading activity 31 days ago on Aug 01. Chadwick Jonathan, the Director of the company, disposed of 25,000 shares for $66.31 on Aug 01. It resulted in a $1,657,688 divestment by the insider. Chadwick Jonathan sold 25,000 shares at an average price of $64.57 on Jul 03. The insider now owns 7,729 shares following the transaction. On Jul 03, Chief Legal Officer Herzog Carolyn sold 1,320 shares at $64.20 apiece. The transaction was valued at $84,744.
Valuation Metrics
The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 6.79, the price-to-book (PB) ratio of 18.32, and the price-to-cash flow ratio of 219.80 may also be considered.
Financial Health
In the three months ended July 30, Elastic N.V.’s quick ratio stood at 1.80, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 1.42, and the total debt-to-equity ratio was 1.42. On the profitability front, the trailing twelve-month gross margin is 72.30% percent. In the year ended July 30, EBITDA margin amounted to -14.11%, whereas operating margins totaled -20.50%. Based on annual data, ESTC earned $772.36 million in gross profit and brought in $1.07 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -24.70%. Return on equity (ROE) for the past 12 months was -60.20%.
In Elastic N.V.’s quarter-end financial report for July 30, it reported total debt of $567.54 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ESTC’s revenue rose 14.5% to $274.57 million during the quarter, while net income inched up to $279.94 million. While analysts expected Elastic N.V. to report $0.11 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by 127.30%. During the quarter, the company generated -$18.5 million in EBITDA. The liabilities of Elastic N.V. were 1.34 billion at the end of its most recent quarter ended July 30, and its total debt was $591.43 million. The value of shareholders’ equity is $97.39 million.
Technical Picture
This quick technical analysis looks at Elastic N.V.’s (ESTC) price momentum. With a historical volatility rate of 96.03%, the RSI 9-day stood at 81.77% on 31 August.
With respect to its five-day moving average, the current Elastic N.V. price is up by +24.45% percent or $14.68. At present, ESTC shares trade +17.64% above its 20-day simple moving average and +35.66% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.99% above its SMA50 and +15.42% above its SMA200.
Stochastic coefficient K was 78.10% and Stochastic coefficient D was 56.64%, while ATR was 3.40. Given the Stochastic reading of 98.92% for the 14-day period, the RSI (14) reading has been calculated as 73.80%. As of today, the MACD Oscillator reading stands at 4.04, while the 14-day reading stands at 4.33.
Analyst Ratings
TD Cowen launched its rating on Elastic N.V. (NYSE: ESTC) to a Market perform in a note to investors on August 18, 2023. Elastic N.V. (ESTC) has been rated Overweight by analysts. According to 0 brokerage firms, ESTC is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Elastic N.V. stock as buy, with 12 recommending it as overweight.
With a median target price of $80.00, the current consensus forecast for the stock is $60.00 – $112.00. Based on these forecasts, analysts predict Elastic N.V. (ESTC) will achieve an average price target of $80.10.
