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After finishing at $74.92 in the prior trading day, Elastic N.V (NYSE: ESTC) closed at $76.30, up 1.84%. In other words, the price has increased by $1.84 from its previous closing price. On the day, 0.92 million shares were traded. ESTC stock price reached its highest trading level at $78.49 during the session, while it also had its lowest trading level at $76.13.
Ratios:
Our goal is to gain a better understanding of ESTC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.96. For the most recent quarter (mrq), Quick Ratio is recorded 1.81 and its Current Ratio is at 1.81. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.76.
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, Guggenheim on September 11, 2024, initiated with a Buy rating and assigned the stock a target price of $100.
On August 30, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $135 to $95.
BofA Securities Downgraded its Buy to Neutral on August 30, 2024, whereas the target price for the stock was revised from $140 to $94.
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 Sep 09 ’24 when Moorjani Janesh sold 6,941 shares for $70.25 per share. The transaction valued at 487,605 led to the insider holds 195,550 shares of the business.
Banon Shay sold 2,666 shares of ESTC for $187,286 on Sep 09 ’24. The Chief Technology Officer now owns 4,543,190 shares after completing the transaction at $70.25 per share. On Sep 09 ’24, another insider, Kulkarni Ashutosh, who serves as the Chief Executive Officer of the company, sold 19,649 shares for $70.25 each. As a result, the insider received 1,380,342 and left with 432,648 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 7839443968 and an Enterprise Value of 7282895360. As of this moment, Elastic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 139.18, and their Forward P/E ratio for the next fiscal year is 41.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.93 while its Price-to-Book (P/B) ratio in mrq is 10.32. Its current Enterprise Value per Revenue stands at 5.513 whereas that against EBITDA is -69.81.
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 -23.77%, while the 200-Day Moving Average is calculated to be -29.39%.
Shares Statistics:
The stock has traded on average 1.34M shares per day over the past 3-months and 1387200 shares per day over the last 10 days, according to various share statistics. A total of 101.71M shares are outstanding, with a floating share count of 85.44M. Insiders hold about 16.84% of the company’s shares, while institutions hold 83.00% stake in the company. Shares short for ESTC as of 1724976000 were 4080712 with a Short Ratio of 3.04, compared to 1722384000 on 4502041. Therefore, it implies a Short% of Shares Outstanding of 4080712 and a Short% of Float of 4.7.
