As of close of business last night, Elastic N.V’s stock clocked out at $97.61, down -0.38% from its previous closing price of $97.98. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 1063541 shares were traded. ESTC stock price reached its highest trading level at $98.32 during the session, while it also had its lowest trading level at $96.57.
Ratios:
To gain a deeper understanding of ESTC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 81.87. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.82.
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, Scotiabank on February 15, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $185.
On January 12, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also upped its target price recommendation from $100 to $110.
Wells Fargo Upgraded its Equal Weight to Overweight on December 01, 2023, whereas the target price for the stock was revised from $90 to $108.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 27 ’24 when Herzog Carolyn sold 192 shares for $99.95 per share. The transaction valued at 19,190 led to the insider holds 87,799 shares of the business.
Schuurman Steven sold 815,000 shares of ESTC for $79,495,100 on Mar 26 ’24. The Director now owns 8,382,000 shares after completing the transaction at $97.54 per share. On Mar 20 ’24, another insider, Banon Shay, who serves as the Chief Technology Officer of the company, sold 20,000 shares for $101.52 each. As a result, the insider received 2,030,411 and left with 3,054,978 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 9.88B and an Enterprise Value of 9.46B. As of this moment, Elastic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 213.17, and their Forward P/E ratio for the next fiscal year is 71.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.12 while its Price-to-Book (P/B) ratio in mrq is 13.90. Its current Enterprise Value per Revenue stands at 7.80 whereas that against EBITDA is -126.20.
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 $52.30. The 50-Day Moving Average of the stock is 115.23, while the 200-Day Moving Average is calculated to be 89.30.
Shares Statistics:
It appears that ESTC traded 1.45M shares on average per day over the past three months and 1.1M shares per day over the past ten days. A total of 97.37M shares are outstanding, with a floating share count of 83.01M. Insiders hold about 17.65% of the company’s shares, while institutions hold 80.78% stake in the company. Shares short for ESTC as of Mar 15, 2024 were 3.57M with a Short Ratio of 2.46, compared to 3.25M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.54% and a Short% of Float of 4.27%.
Earnings Estimates
As of right now, 22 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.19 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.18, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.24, with high estimates of $0.34 and low estimates of $0.13.
Analysts are recommending an EPS of between $1.23 and $1.16 for the fiscal current year, implying an average EPS of $1.18. EPS for the following year is $1.39, with 23 analysts recommending between $1.81 and $1.18.
Revenue Estimates
In the current quarter, 21 analysts expect revenue to total $329.2M. It ranges from a high estimate of $331.17M to a low estimate of $328.3M. As of the current estimate, Elastic N.V’s year-ago sales were $279.94M, an estimated increase of 17.60% from the year-ago figure.
A total of 22 analysts have provided revenue estimates for ESTC’s current fiscal year. The highest revenue estimate was $1.27B, while the lowest revenue estimate was $1.26B, resulting in an average revenue estimate of $1.26B. In the same quarter a year ago, actual revenue was $1.07B, up 18.00% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $1.48B in the next fiscal year. The high estimate is $1.57B and the low estimate is $1.45B. The average revenue growth estimate for next year is up 17.50% from the average revenue estimate for this year.
