Elastic N.V [NYSE: ESTC] closed the trading session at $93.18.
The stocks have a year to date performance of -17.32 percent and weekly performance of -13.61 percent. The stock has been moved at 19.61 percent over the last six months. The stock has performed -8.84 percent around the most recent 30 days and changed -30.36 percent over the most recent 3-months.
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If compared to the average trading volume of 1.24M shares, ESTC reached to a volume of 3234392 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 $132.40 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 1.77. 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.
UBS have made an estimate for Elastic N.V shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 22, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on February 15, 2024, representing the official price target for Elastic N.V stock. Previously, the target price had yet another raise from $100 to $110, while Barclays kept a Equal Weight rating on ESTC stock. On December 01, 2023, analysts increased their price target for ESTC shares from 90 to 108.
The Average True Range (ATR) for Elastic N.V is set at 3.72, with the Price to Sales ratio for ESTC stock in the period of the last 12 months amounting to 7.75. The Price to Book ratio for the last quarter was 13.27, with the Price to Cash per share for the same quarter was set at 10.10. Price to Free Cash Flow for ESTC in the course of the last twelve months was 78.16 with Quick ratio for the last quarter at 1.78.
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 -13.61. With this latest performance, ESTC shares dropped by -8.84% in over the last four-week period, additionally plugging by 19.61% over the last 6 months – not to mention a rise of 28.81% 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 31.09, with the RSI for the last a single of trading hit 24.26, and the three-weeks RSI is set at 35.68 for Elastic N.V [ESTC]. The present Moving Average for the last 50 days of trading for this stock 102.41, while it was recorded at 101.32 for the last single week of trading, and 96.97 for the last 200 days.
Elastic N.V [ESTC]: An insightful look at the core fundamentals
Elastic N.V’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.78 and a Current Ratio set at 1.78.
Earnings per share (EPS) analysis for Elastic N.V [ESTC] 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 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 79.40%.
Elastic N.V [ESTC]: Institutional Ownership
The top three institutional holders of ESTC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ESTC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ESTC stock with ownership which is approximately 5.8386%.
