While Elastic N.V has underperformed by -0.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ESTC fell by -8.26%, with highs and lows ranging from $136.06 to $69.00, whereas the simple moving average jumped by 4.89% in the last 200 days.
On December 17, 2024, Morgan Stanley started tracking Elastic N.V (NYSE: ESTC) recommending Overweight. A report published by Wedbush on November 25, 2024, Upgraded its rating to ‘Outperform’ for ESTC. Robert W. Baird also Upgraded ESTC shares as ‘Outperform’, setting a target price of $135 on the company’s shares in a report dated November 22, 2024. Oppenheimer Reiterated the rating as Outperform on November 22, 2024, but set its price target from $125 to $140. William Blair October 14, 2024d its ‘Mkt Perform’ rating to ‘Outperform’ for ESTC, as published in its report on October 14, 2024. Barclays’s report from October 07, 2024 suggests a price prediction of $95 for ESTC shares, giving the stock a ‘Overweight’ rating. Guggenheim also rated the stock as ‘Buy’.
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Analysis of Elastic N.V (ESTC)
Further, the quarter-over-quarter increase in sales is 17.63%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Elastic N.V’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 9.53% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, 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 ESTC is recording an average volume of 1.37M. On a monthly basis, the volatility of the stock is set at 3.79%, whereas on a weekly basis, it is put at 3.71%, with a loss of -3.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $130.36, showing growth from the present price of $103.71, which can serve as yet another indication of whether ESTC is worth investing in or should be passed over.
How Do You Analyze Elastic N.V Shares?
A leading company in the Software – Application sector, Elastic N.V (ESTC) is based in the USA. When comparing Elastic N.V shares with other companies under Technology, 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 187.91, there is a growth in quarterly earnings of 1.52%.
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 14.67%. 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 81.16% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ESTC shares are owned by institutional investors to the tune of 81.16% at present.
