While Elastic N.V has underperformed by -2.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ESTC fell by -10.21%, with highs and lows ranging from $136.06 to $69.00, whereas the simple moving average jumped by 11.68% in the last 200 days.
On January 17, 2025, Cantor Fitzgerald started tracking Elastic N.V (NYSE: ESTC) recommending Neutral. A report published by Morgan Stanley on December 17, 2024, Initiated its previous ‘Overweight’ rating for ESTC. Wedbush also Upgraded ESTC shares as ‘Outperform’, setting a target price of $135 on the company’s shares in a report dated November 25, 2024. Robert W. Baird November 22, 2024d the rating to Outperform on November 22, 2024, and set its price target from $95 to $135. Oppenheimer resumed its ‘Outperform’ rating for ESTC, as published in its report on November 22, 2024. Barclays also rated the stock as ‘Overweight’.
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.
One of the most important indicators of Elastic N.V’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 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.
For any stock, average volume can also provide valuable insight into volatility, and ESTC is recording 1.50M average volume. On a monthly basis, the volatility of the stock is set at 3.49%, whereas on a weekly basis, it is put at 6.11%, with a gain of 6.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $129.04, showing growth from the present price of $110.60, 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?
The Software – Application market is dominated by Elastic N.V (ESTC) 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 200.40, there is a growth in quarterly earnings of 1.52%.
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 14.05%. 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 81.32% 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 81.32% at present.
