Elastic N.V (NYSE:ESTC) saw an upside of 2.53% to $81.57 after adding $2.01 on Monday. The 5-day average trading volume is 862,787 shares of the company’s common stock. It has gained $82.33 in the past week and touched a new high 4 times within the past 5 days. An average of 1,321,717 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,134,321.
ESTC’s 1-month performance is 37.37% or $22.12 on its low of $57.38 reached on 08/29/23. The company’s shares have touched a 52-week low of $46.18 and high of $80.28, with the stock’s rally to the 52-week high happening on 09/25/23. YTD, ESTC has achieved 58.39% or $30.65 and has reached a new high 20 times. However, the current price is up 1.61% from the 52-week high price.
Insider Transactions
ESTC stock investors last saw insider trading activity on Sep 12.Herzog Carolyn (Chief Legal Officer) most recently sold 1,320 shares at $78.25 per share on Sep 12. This transaction cost the insider $103,290. Chief Executive Officer, Kulkarni Ashutosh, sold 14,376 shares at a price of $77.83 on Sep 11. Then, on Sep 11, CFO & COO Moorjani Janesh sold 5,473 shares at a price of $77.83 per share. This transaction amounted to $425,985.
Valuation Metrics
ESTC stock has a beta of 0.90. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.22 while the price-to-book (PB) in the most recent quarter is 19.49, with the price to cash flow ratio at 87.60.
Elastic N.V’s quick ratio for the period ended July 30 was 1.76, with the current ratio over the same period at 1.76. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.41, while the total debt to equity was 1.44. In terms of profitability, the gross margin trailing 12 months is 72.50%. The trailing 12-month EBITDA margin is -14.11% while for the period ending July 30, Elastic N.V’s operating margin was -14.25%. The firm’s gross profit as reported stood at $772.36 million against revenue of $1.07 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -43.37% to -$48.51 million, while revenue of -$46.73 million was 3.67% off the previous quarter. Analysts expected ESTC to announce $0.11 per share in earnings in its latest quarter, but it posted $0.25, representing a 127.30% surprise. EBITDA for the quarter stood at more than -$15.83 million. ESTC stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 1.29 billion, with total debt at $591.43 million. Shareholders hold equity totaling $98.42 million.
Let’s look briefly at Elastic N.V (ESTC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 77.79% to suggest the stock is trending Overbought, with historical volatility in this time period at 24.26%.
The stock’s 5-day moving average is $78.59, reflecting a +5.20% or $4.06 change from its current price. ESTC is currently trading +36.85% above its 20-day SMA, +49.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.59% and SMA200 by+58.47%.
Stochastic %K and %D was 87.48% and 83.00% and the average true range (ATR) pointed at 2.62. The RSI (14) points at 73.99%, while the 14-day stochastic is at 97.71% with the period’s ATR at 2.65. The stock’s 9-day MACD Oscillator is pointing at 1.33 and 1.17 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Elastic N.V (NYSE: ESTC), TD Cowen launched coverage with a Market perform rating. Analysts offering their rating for ESTC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ESTC as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.
What is ESTC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $60.00 and a high of $112.00, with their median price target at $81.50. Looking at these predictions, the average price target given by analysts is for Elastic N.V (ESTC) stock is $81.01.
