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In the latest session, Elastic N.V (NYSE: ESTC) closed at $104.99 down -0.62% from its previous closing price of $105.65. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 0.57 million shares were traded. ESTC stock price reached its highest trading level at $106.5686 during the session, while it also had its lowest trading level at $104.93.
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 10.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.06. 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 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 10583831552 and an Enterprise Value of 10231714816. As of this moment, Elastic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 229.29, and their Forward P/E ratio for the next fiscal year is 77.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.73 while its Price-to-Book (P/B) ratio in mrq is 14.95. Its current Enterprise Value per Revenue stands at 8.44 whereas that against EBITDA is -101.939.
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 $56.89. The 50-Day Moving Average of the stock is 1.53%, while the 200-Day Moving Average is calculated to be 12.04%.
Shares Statistics:
For the past three months, ESTC has traded an average of 1.34M shares per day and 964740 over the past ten days. A total of 97.37M shares are outstanding, with a floating share count of 83.22M. Insiders hold about 17.45% of the company’s shares, while institutions hold 80.13% stake in the company. Shares short for ESTC as of 1713139200 were 3340634 with a Short Ratio of 2.50, compared to 1710460800 on 3572321. Therefore, it implies a Short% of Shares Outstanding of 3340634 and a Short% of Float of 4.0.
