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The price of Elastic N.V (NYSE: ESTC) closed at $105.57 in the last session, down -1.48% from day before closing price of $107.16. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 0.9 million shares were traded. ESTC stock price reached its highest trading level at $108.09 during the session, while it also had its lowest trading level at $103.49.
Ratios:
We take a closer look at ESTC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.90. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.79.
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, UBS on May 22, 2024, initiated with a Buy rating and assigned the stock a target price of $135.
On February 15, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $185.
Barclays Downgraded its Overweight to Equal Weight on January 12, 2024, whereas the target price for the stock was revised from $100 to $110.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 24 ’24 when Kulkarni Ashutosh sold 9,664 shares for $109.88 per share. The transaction valued at 1,061,880 led to the insider holds 452,297 shares of the business.
Banon Shay sold 180,000 shares of ESTC for $19,407,526 on Jun 21 ’24. The Chief Technology Officer now owns 2,874,978 shares after completing the transaction at $107.82 per share. On Jun 24 ’24, another insider, Banon Shay, who serves as the Chief Technology Officer of the company, sold 120,000 shares for $109.48 each. As a result, the insider received 13,137,100 and left with 2,754,978 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ESTC now has a Market Capitalization of 10738052096 and an Enterprise Value of 10409097216. As of this moment, Elastic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 197.62, and their Forward P/E ratio for the next fiscal year is 57.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.47 while its Price-to-Book (P/B) ratio in mrq is 14.55. Its current Enterprise Value per Revenue stands at 8.213 whereas that against EBITDA is -99.574.
Stock Price History:
Over the past 52 weeks, ESTC has reached a high of $136.06, while it has fallen to a 52-week low of $57.38. The 50-Day Moving Average of the stock is -4.91%, while the 200-Day Moving Average is calculated to be -0.68%.
Shares Statistics:
According to the various share statistics, ESTC traded on average about 1.20M shares per day over the past 3-months and 842620 shares per day over the past 10 days. A total of 101.71M shares are outstanding, with a floating share count of 84.33M. Insiders hold about 17.10% of the company’s shares, while institutions hold 94.80% stake in the company. Shares short for ESTC as of 1722384000 were 4502041 with a Short Ratio of 3.76, compared to 1719532800 on 4512985. Therefore, it implies a Short% of Shares Outstanding of 4502041 and a Short% of Float of 5.33.
