Timing, Fundamentals, and Diversification of Elastic N.V. (ESTC)

The closing price of Elastic N.V. (NYSE: ESTC) was $54.88 for the day, down -4.24% from the previous closing price of $57.31. In other words, the price has decreased by -$2.43 from its previous closing price. On the day, 1631819 shares were traded. ESTC stock price reached its highest trading level at $58.25 during the session, while it also had its lowest trading level at $54.11.

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Our analysis of ESTC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16134.72. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 1.45 whereas as Long-Term Debt/Eq ratio is at 1.45.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on January 03, 2023, Reiterated its Outperform rating but revised its target price to $80 from $90 previously.

On December 15, 2022, Wedbush started tracking the stock assigning a Neutral rating and target price of $67.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 09 when Herzog Carolyn sold 1,324 shares for $53.60 per share. The transaction valued at 70,969 led to the insider holds 90,148 shares of the business.

Exner Ken sold 1,405 shares of ESTC for $75,310 on Dec 09. The Chief Product Officer now owns 125,181 shares after completing the transaction at $53.60 per share. On Dec 09, another insider, Banon Shay, who serves as the Chief Technology Officer of the company, sold 2,026 shares for $53.60 each. As a result, the insider received 108,597 and left with 8,245,848 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 4.95 while its Price-to-Book (P/B) ratio in mrq is 13.35.

Stock Price History:

Over the past 52 weeks, ESTC has reached a high of $98.75, while it has fallen to a 52-week low of $46.18. The 50-Day Moving Average of the stock is 55.12, while the 200-Day Moving Average is calculated to be 69.11.

Shares Statistics:

ESTC traded an average of 1.56M shares per day over the past three months and 1.32M shares per day over the past ten days. A total of 95.31M shares are outstanding, with a floating share count of 78.04M. Insiders hold about 9.50% of the company’s shares, while institutions hold 78.70% stake in the company. Shares short for ESTC as of Oct 13, 2022 were 3.84M with a Short Ratio of 4.84M, compared to 3.71M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.04% and a Short% of Float of 4.95%.

Earnings Estimates

The firm’s stock currently is rated by 17 analysts. On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.11, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.03, with high estimates of $0 and low estimates of -$0.1.

Analysts are recommending an EPS of between -$0.21 and -$0.31 for the fiscal current year, implying an average EPS of -$0.28. EPS for the following year is $0.21, with 17 analysts recommending between $0.44 and $0.07.

Revenue Estimates

A total of 19 analysts have provided revenue estimates for ESTC’s current fiscal year. The highest revenue estimate was $1.09B, while the lowest revenue estimate was $1.08B, resulting in an average revenue estimate of $1.08B. In the same quarter a year ago, actual revenue was $862.37M, up 25.80% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $1.41B in the next fiscal year. The high estimate is $1.49B and the low estimate is $1.33B. The average revenue growth estimate for next year is up 29.60% from the average revenue estimate for this year.