e.l.f. Beauty Inc [ELF] is 67.50% higher this YTD. Is it still time to buy?

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e.l.f. Beauty Inc [NYSE: ELF] plunged by -$10.52 during the normal trading session on Tuesday and reaching a high of $101.63 during the day while it closed the day at $92.63. The company report on October 18, 2023 at 4:30 PM that e.l.f. Beauty Announces Earnings Release Date for Second Quarter Fiscal 2024 Results.

e.l.f. Beauty (NYSE: ELF) (the “Company”) today announced that it will hold a webcast to discuss its second quarter fiscal 2024 results on Wednesday, November 1, 2023, at 4:30 p.m. Eastern Time. A press release detailing the Company’s results will be issued prior to the webcast, which will be hosted by Tarang Amin, Chairman and Chief Executive Officer, and Mandy Fields, Senior Vice President and Chief Financial Officer.

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The webcast will be broadcasted live at https://investor.elfbeauty.com/news-and-events/events-and-presentations. For those unable to listen to the live broadcast, an archived version will be available at the same location.

e.l.f. Beauty Inc stock has also loss -15.97% of its value over the past 7 days. However, ELF stock has declined by -30.45% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.97% and gained 67.50% year-on date.

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The market cap for ELF stock reached $5.10 billion, with 53.77 million shares outstanding and 52.36 million shares in the current float. Compared to the average trading volume of 1.31M shares, ELF reached a trading volume of 4248986 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 e.l.f. Beauty Inc [ELF]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ELF shares is $143.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ELF stock is a recommendation set at 1.43. 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.

Raymond James have made an estimate for e.l.f. Beauty Inc shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on October 23, 2023.

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The Average True Range (ATR) for e.l.f. Beauty Inc is set at 5.53, with the Price to Sales ratio for ELF stock in the period of the last 12 months amounting to 7.58. The Price to Book ratio for the last quarter was 10.69, with the Price to Cash per share for the same quarter was set at 2.59. Price to Free Cash Flow for ELF in the course of the last twelve months was 55.07 with Quick ratio for the last quarter at 2.48.

ELF stock trade performance evaluation

e.l.f. Beauty Inc [ELF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.97. With this latest performance, ELF shares dropped by -14.40% in over the last four-week period, additionally plugging by 0.97% over the last 6 months – not to mention a rise of 111.39% 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 ELF stock in for the last two-week period is set at 34.19, with the RSI for the last a single of trading hit 30.18, and the three-weeks RSI is set at 36.75 for e.l.f. Beauty Inc [ELF]. The present Moving Average for the last 50 days of trading for this stock 114.35, while it was recorded at 101.88 for the last single week of trading, and 97.89 for the last 200 days.

e.l.f. Beauty Inc [ELF]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and e.l.f. Beauty Inc [ELF] shares currently have an operating margin of +11.77 and a Gross Margin at +64.40. e.l.f. Beauty Inc’s Net Margin is presently recorded at +10.63.

Return on Total Capital for ELF is now 14.77, given the latest momentum, and Return on Invested Capital for the company is 13.64. Return on Equity for this stock inclined to 17.01, with Return on Assets sitting at 11.29. When it comes to the capital structure of this company, e.l.f. Beauty Inc [ELF] has a Total Debt to Total Equity ratio set at 19.99. Additionally, ELF Total Debt to Total Capital is recorded at 16.66, with Total Debt to Total Assets ending up at 13.80. Long-Term Debt to Equity for the company is recorded at 17.54, with the Long-Term Debt to Total Capital now at 14.62.

Reflecting on the efficiency of the workforce at the company, e.l.f. Beauty Inc [ELF] managed to generate an average of $181,504 per employee. Receivables Turnover for the company is 10.20 with a Total Asset Turnover recorded at a value of 1.06.e.l.f. Beauty Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.48 and a Current Ratio set at 3.38.

Earnings per share (EPS) analysis for e.l.f. Beauty Inc [ELF] stock

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 ELF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for e.l.f. Beauty Inc go to 21.70%.

e.l.f. Beauty Inc [ELF]: Institutional Ownership

The top three institutional holders of ELF stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in ELF stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in ELF stock with ownership which is approximately 5.7994%.

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