Elastic N.V (NYSE: ESTC) closed the day trading at $106.23 up 0.30% from the previous closing price of $105.91. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 940736 shares were traded.
Ratios:
For a better understanding of ESTC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 89.10. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 12 ’24 when Banon Shay sold 1,322 shares for $106.23 per share. The transaction valued at 140,436 led to the insider holds 4,518,714 shares of the business.
Kulkarni Ashutosh sold 15,778 shares of ESTC for $1,629,552 on Mar 11 ’24. The Chief Executive Officer now owns 364,235 shares after completing the transaction at $103.28 per share. On Mar 11 ’24, another insider, Moorjani Janesh, who serves as the CFO & COO of the company, sold 5,515 shares for $103.28 each. As a result, the insider received 569,589 and left with 156,797 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 10.71B and an Enterprise Value of 10.29B. As of this moment, Elastic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 231.99, and their Forward P/E ratio for the next fiscal year is 77.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.83 while its Price-to-Book (P/B) ratio in mrq is 15.13. Its current Enterprise Value per Revenue stands at 8.49 whereas that against EBITDA is -137.30.
Stock Price History:
The Beta on a monthly basis for ESTC is 0.97, which has changed by 88.69% over the last 52 weeks, in comparison to a change of 30.43% over the same period for the S&P500. Over the past 52 weeks, ESTC has reached a high of $136.06, while it has fallen to a 52-week low of $50.21. The 50-Day Moving Average of the stock is 118.25, while the 200-Day Moving Average is calculated to be 87.19.
Shares Statistics:
Over the past 3-months, ESTC traded about 1.46M shares per day on average, while over the past 10 days, ESTC traded about 2.49M shares per day. A total of 97.37M shares are outstanding, with a floating share count of 81.94M. Insiders hold about 18.72% of the company’s shares, while institutions hold 80.72% stake in the company. Shares short for ESTC as of Feb 29, 2024 were 3.04M with a Short Ratio of 2.09, compared to 3.88M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.02% and a Short% of Float of 3.64%.
Earnings Estimates
Current recommendations for the stock of the company come from 22 analysts. 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
21 analysts predict $329.2M in revenue for the current quarter. 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.
