Elastic N.V. [NYSE: ESTC] surged by $2.43 during the normal trading session on Tuesday and reaching a high of $119.33 during the day while it closed the day at $115.95.
Elastic N.V. stock has also gained 6.90% of its value over the past 7 days. However, ESTC stock has inclined by 20.04% in the 3 months of the year. Over the past six months meanwhile, it has gained 124.01% and gained 80.33% year-on date.
The market cap for ESTC stock reached $10.09 billion, with 84.18 million shares outstanding and 65.37 million shares in the current float. Compared to the average trading volume of 1.06M shares, ESTC reached a trading volume of 1124130 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Elastic N.V. [ESTC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ESTC shares is $128.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ESTC stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Elastic N.V. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 25, 2020. While these analysts kept the previous recommendation, Monness Crespi & Hardt raised their target price from $100 to $142. The new note on the price target was released on August 27, 2020, representing the official price target for Elastic N.V. stock. Previously, the target price had yet another raise from $108 to $120, while Barclays kept a Overweight rating on ESTC stock. On August 21, 2020, analysts increased their price target for ESTC shares from 95 to 111.
The Average True Range (ATR) for Elastic N.V. is set at 4.84, with the Price to Sales ratio for ESTC stock in the period of the last 12 months amounting to 21.62. The Price to Book ratio for the last quarter was 22.56, with the Price to Cash per share for the same quarter was set at 4.05.
ESTC stock trade performance evaluation
Elastic N.V. [ESTC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.90. With this latest performance, ESTC shares gained by 15.79% in over the last four-week period, additionally plugging by 124.01% over the last 6 months – not to mention a rise of 32.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ESTC stock in for the last two-week period is set at 70.37, with the RSI for the last a single of trading hit 73.39, and the three-weeks RSI is set at 64.92 for Elastic N.V. [ESTC]. The present Moving Average for the last 50 days of trading for this stock 101.48, while it was recorded at 112.01 for the last single week of trading, and 78.96 for the last 200 days.
Elastic N.V. [ESTC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Elastic N.V. [ESTC] shares currently have an operating margin of -35.81 and a Gross Margin at +63.92. Elastic N.V.’s Net Margin is presently recorded at -39.09.
Return on Total Capital for ESTC is now -43.01, given the latest momentum, and Return on Invested Capital for the company is -47.46. Return on Equity for this stock declined to -49.41, with Return on Assets sitting at -25.93. When it comes to the capital structure of this company, Elastic N.V. [ESTC] has a Total Debt to Total Equity ratio set at 8.57. Additionally, ESTC Total Debt to Total Capital is recorded at 7.90, with Total Debt to Total Assets ending up at 4.41. Long-Term Debt to Equity for the company is recorded at 6.73, with the Long-Term Debt to Total Capital now at 6.20.
Reflecting on the efficiency of the workforce at the company, Elastic N.V. [ESTC] managed to generate an average of -$124,478 per employee. Receivables Turnover for the company is 4.07 with a Total Asset Turnover recorded at a value of 0.66.Elastic N.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.
Earnings per share (EPS) analysis for Elastic N.V. [ESTC] stock
With the latest financial reports released by the company, Elastic N.V. posted -0.22/share EPS, while the average EPS was predicted by analysts to be reported at -0.31/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 29.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ESTC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Elastic N.V. go to 2.80%.
Elastic N.V. [ESTC]: Insider Ownership positions
There are presently around $7,188 million, or 76.70% of ESTC stock, in the hands of institutional investors. The top three institutional holders of ESTC stocks are: FMR LLC with ownership of 8,525,369, which is approximately 4.329% of the company’s market cap and around 10.50% of the total institutional ownership; SYLEBRA CAPITAL LTD, holding 5,823,266 shares of the stock with an approximate value of $675.21 million in ESTC stocks shares; and VANGUARD GROUP INC, currently with $507.26 million in ESTC stock with ownership of nearly 21.809% of the company’s market capitalization.
Positions in Elastic N.V. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 191 institutional holders increased their position in Elastic N.V. [NYSE:ESTC] by around 13,550,845 shares. Additionally, 84 investors decreased positions by around 9,201,918 shares, while 19 investors held positions by with 39,241,730 shares. The mentioned changes placed institutional holdings at 61,994,493 shares, according to the latest SEC report filing. ESTC stock had 88 new institutional investments in for a total of 7,069,458 shares, while 36 institutional investors sold positions of 3,463,405 shares during the same period.