Investing in e.l.f. Beauty Inc (ELF) might be a great opportunity, but the stock is a bit undervalued

While e.l.f. Beauty Inc has underperformed by -0.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ELF rose by 5.49%, with highs and lows ranging from $221.83 to $88.47, whereas the simple moving average fell by -34.05% in the last 200 days.

On September 10, 2024, B. Riley Securities started tracking e.l.f. Beauty Inc (NYSE: ELF) recommending Buy. A report published by BofA Securities on September 09, 2024, Reiterated its previous ‘Buy’ rating for ELF. Robert W. Baird also Upgraded ELF shares as ‘Outperform’, setting a target price of $230 on the company’s shares in a report dated July 18, 2024. Canaccord Genuity Reiterated the rating as Buy on June 18, 2024, but set its price target from $214 to $250. TD Cowen April 17, 2024d its ‘Hold’ rating to ‘Buy’ for ELF, as published in its report on April 17, 2024. Robert W. Baird’s report from January 30, 2024 suggests a price prediction of $185 for ELF shares, giving the stock a ‘Neutral’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.

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Analysis of e.l.f. Beauty Inc (ELF)

Further, the quarter-over-quarter increase in sales is 49.99%, showing a positive trend in the upcoming months.

One of the most important indicators of e.l.f. Beauty Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 20.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

For any stock, average volume can also provide valuable insight into volatility, and ELF is recording 2.11M average volume. On a monthly basis, the volatility of the stock is set at 5.53%, whereas on a weekly basis, it is put at 4.79%, with a loss of -1.20% over the past seven days. Furthermore, long-term investors anticipate a median target price of $202.64, showing growth from the present price of $111.83, which can serve as yet another indication of whether ELF is worth investing in or should be passed over.

How Do You Analyze e.l.f. Beauty Inc Shares?

The Household & Personal Products market is dominated by e.l.f. Beauty Inc (ELF) based in the USA. When comparing e.l.f. Beauty Inc shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 53.17, there is a growth in quarterly earnings of -12.35%.

Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.05%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.09% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

ELF shares are owned by institutional investors to the tune of 94.09% at present.

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