At the last check on Thursday, Elastic N.V.’s (NYSE:ESTC) stock was up $1.63, moving up 2.13 percent to $78.02. The average number of shares traded per day over the past five days has been 708,757 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.79 fall in that time frame. In the last twenty days, the average volume was 1,255,559, while in the previous 50 days, it was 1,125,922.
Since last month, ESTC stock rose 29.14%. Shares of the company fell to $57.38 on 08/29/23, the lowest level in the past month. A 52-week high of $80.13 was reached on 09/12/23 after having rallying from a 52-week low of $46.18. Since the beginning of this year, ESTC’s stock price has risen by 51.49% or $26.30, and marked a new high 18 times. However, the stock has declined by -2.64% since its 52-week high.
ESTC stock investors should be aware that Elastic N.V. (ESTC) stock had its last reported insider trading activity 9 days ago on Sep 12. Herzog Carolyn, the Chief Legal Officer of the company, disposed of 1,320 shares for $78.25 on Sep 12. It resulted in a $103,290 divestment by the insider. Kulkarni Ashutosh sold 14,376 shares at an average price of $77.83 on Sep 11. The insider now owns 317,953 shares following the transaction. On Sep 11, CFO & COO Moorjani Janesh sold 5,473 shares at $77.83 apiece. The transaction was valued at $425,985.
Valuation Metrics
The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 6.93, the price-to-book (PB) ratio of 18.58, and the price-to-cash flow ratio of 95.87 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 1.38, and the total debt-to-equity ratio was 1.38. On the profitability front, the trailing twelve-month gross margin is 72.90% percent. In the year ended July 30, EBITDA margin amounted to -14.11%, whereas operating margins totaled -17.50%. 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 -54.20%.
In Elastic N.V.’s quarter-end financial report for July 30, it reported total debt of $567.81 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 14.73% to $279.94 million during the quarter, while net income inched up to $293.28 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 -$15.83 million in EBITDA. The liabilities of Elastic N.V. were 1.29 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 $98.42 million.
Technical Picture
This quick technical analysis looks at Elastic N.V.’s (ESTC) price momentum. With a historical volatility rate of 18.75%, the RSI 9-day stood at 66.96% on 20 September.
With respect to its five-day moving average, the current Elastic N.V. price is down by -1.01% percent or -$0.79. At present, ESTC shares trade +27.77% above its 20-day simple moving average and +35.90% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.93% above its SMA50 and +38.85% above its SMA200.
Stochastic coefficient K was 79.83% and Stochastic coefficient D was 84.94%, while ATR was 2.41. Given the Stochastic reading of 73.68% for the 14-day period, the RSI (14) reading has been calculated as 67.00%. As of today, the MACD Oscillator reading stands at -1.13, while the 14-day reading stands at -0.70.
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 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Elastic N.V. stock as buy, with 11 recommending it as overweight.
With a median target price of $81.50, 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 $81.01.
