Elastic N.V. [NYSE: ESTC] closed the trading session at $107.90 on 10/27/20. The day’s price range saw the stock hit a low of $107.28, while the highest price level was $109.5699. The company report on October 23, 2020 that Elastic Wraps ElasticON Global with Over 25,000 Registrations and More than 300 Sessions, All Now Available On Demand.
Bringing the Power of Search with Speed, Scale, and Relevance to Global Event Attendees.
Showcased how Elastic solutions help customers drive outcomes and business performance with data, insight, and action.
The stocks have a year to date performance of 67.81 percent and weekly performance of -7.92 percent. The stock has been moved at 69.63 percent over the last six months. The stock has performed -0.79 percent around the most recent 30 days and changed 15.50 percent over the most recent 3-months.
If compared to the average trading volume of 1.04M shares, ESTC reached to a volume of 1028570 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 $129.38 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 4.55, with the Price to Sales ratio for ESTC stock in the period of the last 12 months amounting to 20.03. The Price to Book ratio for the last quarter was 20.99, with the Price to Cash per share for the same quarter was set at 4.07.
ESTC stock trade performance evaluation
Elastic N.V. [ESTC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.92. With this latest performance, ESTC shares dropped by -0.79% in over the last four-week period, additionally plugging by 69.63% over the last 6 months – not to mention a rise of 45.93% 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 39.07, with the RSI for the last a single of trading hit 33.10, and the three-weeks RSI is set at 46.58 for Elastic N.V. [ESTC]. The present Moving Average for the last 50 days of trading for this stock 109.31, while it was recorded at 109.42 for the last single week of trading, and 82.77 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 $6,706 million, or 76.80% 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 $628.33 million in ESTC stocks shares; and VANGUARD GROUP INC, currently with $472.05 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 194 institutional holders increased their position in Elastic N.V. [NYSE:ESTC] by around 13,448,984 shares. Additionally, 83 investors decreased positions by around 9,152,751 shares, while 25 investors held positions by with 39,546,180 shares. The mentioned changes placed institutional holdings at 62,147,915 shares, according to the latest SEC report filing. ESTC stock had 96 new institutional investments in for a total of 7,197,093 shares, while 33 institutional investors sold positions of 3,454,826 shares during the same period.