While e.l.f. Beauty Inc has underperformed by -3.84%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ELF fell by -6.57%, with highs and lows ranging from $221.83 to $98.50, whereas the simple moving average fell by -14.00% in the last 200 days.
On December 13, 2024, Goldman started tracking e.l.f. Beauty Inc (NYSE: ELF) recommending Buy. A report published by Deutsche Bank on December 12, 2024, Initiated its previous ‘Hold’ rating for ELF. Truist also reiterated ELF shares as ‘Buy’, quoting a target price of $130 on the company’s shares in a report dated October 16, 2024. B. Riley Securities Initiated an Buy rating on September 10, 2024, and assigned a price target of $175. BofA Securities resumed its ‘Buy’ rating for ELF, as published in its report on September 09, 2024. Robert W. Baird’s report from July 18, 2024 suggests a price prediction of $230 for ELF shares, giving the stock a ‘Outperform’ rating. Canaccord Genuity also rated the stock as ‘Buy’.
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Analysis of e.l.f. Beauty Inc (ELF)
Further, the quarter-over-quarter increase in sales is 39.71%, showing a positive trend in the upcoming months.
To gain a thorough understanding of e.l.f. Beauty Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 17.36% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.01, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ELF is recording an average volume of 2.57M. On a monthly basis, the volatility of the stock is set at 5.85%, whereas on a weekly basis, it is put at 4.37%, with a loss of -1.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $158.25, showing growth from the present price of $134.89, 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?
A leading company in the Household & Personal Products sector, e.l.f. Beauty Inc (ELF) is 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 72.95, there is a growth in quarterly earnings of -43.85%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 4.06%. 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 104.62% 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 104.62% at present.
