Elastic N.V [NYSE: ESTC] traded at a high on Thursday, posting a 6.27 gain after which it closed the day’ session at $94.13.
The results of the trading session contributed to over 4938390 shares changing hands. Over the past one week, the price volatility of Elastic N.V stands at 3.23% while the volatility over the past one month is 2.72%.
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The market cap for ESTC stock reached $9.67 billion, with 101.71 million shares outstanding and 85.59 million shares in the current float. Compared to the average trading volume of 1.35M shares, ESTC reached a trading volume of 4938390 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $102.38 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 1.71. 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.
William Blair have made an estimate for Elastic N.V shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 14, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $90 to $95. The new note on the price target was released on October 07, 2024, representing the official price target for Elastic N.V stock. Previously, the target price had yet another raise to $100, while Guggenheim analysts kept a Buy rating on ESTC stock. On August 30, 2024, analysts decreased their price target for ESTC shares from 135 to 95.
The Average True Range (ATR) for Elastic N.V is set at 2.79, with the Price to Sales ratio for ESTC stock in the period of the last 12 months amounting to 7.32. The Price to Book ratio for the last quarter was 12.73, with the Price to Cash per share for the same quarter was set at 11.20. Price to Free Cash Flow for ESTC in the course of the last twelve months was 60.39 with Quick ratio for the last quarter at 1.81.
How has ESTC stock performed recently?
Elastic N.V [ESTC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.49. With this latest performance, ESTC shares gained by 21.29% in over the last four-week period, additionally sinking by -11.24% over the last 6 months – not to mention a rise of 21.51% 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 71.98, with the RSI for the last a single of trading hit 77.05, and the three-weeks RSI is set at 66.10 for Elastic N.V [ESTC]. The present Moving Average for the last 50 days of trading for this stock 81.12, while it was recorded at 88.67 for the last single week of trading, and 100.39 for the last 200 days.
Elastic N.V [ESTC]: Deeper insight into the fundamentals
Elastic N.V’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.81 and a Current Ratio set at 1.81.
Earnings analysis for Elastic N.V [ESTC]
With the latest financial reports released by the company, Elastic N.V posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.13. 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 15.00%.
Insider trade positions for Elastic N.V [ESTC]
There are presently around $91.79%, or 108.75%% of ESTC stock, in the hands of institutional investors. The top three institutional holders of ESTC stocks are: BAILLIE GIFFORD & CO with ownership of 9.79 million shares, which is approximately 9.8212%. VANGUARD GROUP INC, holding 8.93 million shares of the stock with an approximate value of $$1.02 billion in ESTC stocks shares; and VANGUARD GROUP INC, currently with $$582.3 million in ESTC stock with ownership which is approximately 5.1301%.
