The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of Elastic N.V (NYSE: ESTC) closed at $111.53 in the last session, down -4.04% from day before closing price of $116.22. In other words, the price has decreased by -$4.04 from its previous closing price. On the day, 2.74 million shares were traded. ESTC stock price reached its highest trading level at $113.47 during the session, while it also had its lowest trading level at $110.91.
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 9.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.71.
On November 22, 2024, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $95 to $135.
Oppenheimer reiterated its Outperform rating for the stock on November 22, 2024, while the target price for the stock was revised from $125 to $140.
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 Dec 04 ’24 when CMXI B.V. bought 2,377,400 shares for $116.22 per share.
Kulkarni Ashutosh sold 10,000 shares of ESTC for $1,121,112 on Dec 02 ’24. The Chief Executive Officer now owns 422,648 shares after completing the transaction at $112.11 per share. On Dec 02 ’24, another insider, Kulkarni Ashutosh, who serves as the Officer of the company, bought 10,000 shares for $112.11 each.
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 11558076416 and an Enterprise Value of 9114848256. As of this moment, Elastic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 202.08, and their Forward P/E ratio for the next fiscal year is 58.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.40 while its Price-to-Book (P/B) ratio in mrq is 14.24. Its current Enterprise Value per Revenue stands at 6.9 whereas that against EBITDA is -87.37.
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 $69.00. The 50-Day Moving Average of the stock is 27.52%, while the 200-Day Moving Average is calculated to be 11.87%.
Shares Statistics:
According to the various share statistics, ESTC traded on average about 1.37M shares per day over the past 3-months and 2702590 shares per day over the past 10 days. A total of 103.63M shares are outstanding, with a floating share count of 85.69M. Insiders hold about 17.31% of the company’s shares, while institutions hold 81.16% stake in the company. Shares short for ESTC as of 1730332800 were 3010489 with a Short Ratio of 2.16, compared to 1727654400 on 3759846. Therefore, it implies a Short% of Shares Outstanding of 3010489 and a Short% of Float of 3.47.
