While e.l.f. Beauty Inc has overperformed by 2.92%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ELF rose by 10.79%, with highs and lows ranging from $221.83 to $88.47, whereas the simple moving average fell by -31.37% in the last 200 days.
On October 16, 2024, Truist Reiterated e.l.f. Beauty Inc (NYSE: ELF) to Buy. A report published by B. Riley Securities on September 10, 2024, Initiated its previous ‘Buy’ rating for ELF. BofA Securities also reiterated ELF shares as ‘Buy’, quoting a target price of $190 on the company’s shares in a report dated September 09, 2024. Robert W. Baird July 18, 2024d the rating to Outperform on July 18, 2024, and set its price target from $210 to $230. Canaccord Genuity resumed its ‘Buy’ rating for ELF, as published in its report on June 18, 2024. TD Cowen’s report from April 17, 2024 suggests a price prediction of $190 for ELF shares, giving the stock a ‘Buy’ rating. Robert W. Baird also rated the stock as ‘Neutral’.
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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.
In order to gain a clear picture of e.l.f. Beauty Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 2.33M can be a very valuable indicator of volatility for ELF stock. On a monthly basis, the volatility of the stock is set at 4.09%, whereas on a weekly basis, it is put at 3.78%, with a gain of 6.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $169.07, showing growth from the present price of $113.27, 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 USA based company e.l.f. Beauty Inc (ELF) is one of the biggest names in Household & Personal Products. 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 53.86, there is a growth in quarterly earnings of -12.35%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 95.67% 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 95.67% at present.
