In the latest session, Elastic N.V (NYSE: ESTC) closed at $117.01 down -12.56% from its previous closing price of $133.81. In other words, the price has decreased by -$16.80 from its previous closing price. On the day, 6702362 shares were traded. ESTC stock price reached its highest trading level at $119.97 during the session, while it also had its lowest trading level at $112.40.
Ratios:
For a deeper understanding of Elastic N.V’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 96.99. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 15 when Gleeson Alison sold 3,404 shares for $111.94 per share. The transaction valued at 381,030 led to the insider holds 6,577 shares of the business.
Herzog Carolyn sold 20,234 shares of ESTC for $2,336,889 on Dec 12. The Chief Legal Officer now owns 90,390 shares after completing the transaction at $115.49 per share. On Dec 12, another insider, Leibowitz Shelley B, who serves as the Director of the company, sold 1,000 shares for $115.53 each. As a result, the insider received 115,529 and left with 5,577 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 11.79B and an Enterprise Value of 11.38B. As of this moment, Elastic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 255.54, and their Forward P/E ratio for the next fiscal year is 85.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.62 while its Price-to-Book (P/B) ratio in mrq is 16.66. Its current Enterprise Value per Revenue stands at 9.82 whereas that against EBITDA is -94.77.
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 $50.21. The 50-Day Moving Average of the stock is 119.26, while the 200-Day Moving Average is calculated to be 85.52.
Shares Statistics:
For the past three months, ESTC has traded an average of 1.61M shares per day and 1.89M over the past ten days. A total of 97.37M shares are outstanding, with a floating share count of 80.98M. Insiders hold about 18.72% of the company’s shares, while institutions hold 81.67% stake in the company. Shares short for ESTC as of Feb 15, 2024 were 3.25M with a Short Ratio of 2.02, compared to 3.74M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.26% and a Short% of Float of 3.94%.
Earnings Estimates
There are 21 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.19 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.14, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.3, with high estimates of $0.37 and low estimates of $0.26.
Analysts are recommending an EPS of between $1.26 and $1.07 for the fiscal current year, implying an average EPS of $1.14. EPS for the following year is $1.53, with 22 analysts recommending between $1.78 and $1.21.
Revenue Estimates
A total of 21 analysts believe the company’s revenue will be $329.4M this quarter.It ranges from a high estimate of $385.9M to a low estimate of $323.7M. As of the current estimate, Elastic N.V’s year-ago sales were $279.94M, an estimated increase of 17.70% 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 $1.26B, while the lowest revenue estimate was $1.25B, resulting in an average revenue estimate of $1.25B. In the same quarter a year ago, actual revenue was $1.07B, up 17.10% 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 $1.55B and the low estimate is $1.44B. The average revenue growth estimate for next year is up 18.20% from the average revenue estimate for this year.
