Real-Time Update: Elastic N.V. (ESTC) Stock Navigates the Market with Up-to-Date Data

Elastic N.V. (NYSE: ESTC)’s stock price has decreased by -1.40 compared to its previous closing price of 61.26. However, the company has seen a gain of 1.84% in its stock price over the last five trading days. Barron’s reported on 06/01/22 that Elastic Earnings Beat Expectations, but Headwinds Weigh On The Outlook

Additionally, the 36-month beta value for ESTC is 1.08. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”

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The average price predicted by analysts for ESTC is $70.27, which is $11.79 above the current price. The public float for ESTC is 78.04M and currently, short sellers hold a 5.94% ratio of that float. The average trading volume of ESTC on February 19, 2023 was 1.50M shares.

Real-Time Update: Elastic N.V. (ESTC) Stock Navigates the Market with Up-to-Date Data

The stock of Elastic N.V. (ESTC) has seen a 1.84% increase in the past week, with a 18.78% gain in the past month, and a -4.16% decrease in the past quarter. The volatility ratio for the week is 4.05%, and the volatility levels for the past 30 days are at 5.13% for ESTC. The simple moving average for the last 20 days is 0.52% for ESTC stock, with a simple moving average of -9.68% for the last 200 days.

Analysts’ Opinion of ESTC

Many brokerage firms have already submitted their reports for ESTC stocks, with Oppenheimer repeating the rating for ESTC by listing it as a “Outperform.” The predicted price for ESTC in the upcoming period, according to Oppenheimer is $80 based on the research report published on January 03rd of the current year 2023.

Wedbush, on the other hand, stated in their research note that they expect to see ESTC reach a price target of $67. The rating they have provided for ESTC stocks is “Neutral” according to the report published on December 15th, 2022.

Robert W. Baird gave a rating of “Outperform” to ESTC, setting the target price at $100 in the report published on October 19th of the previous year.

ESTC Trading at 8.90% from the 50-Day Moving Average

After a stumble in the market that brought ESTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.16% of loss for the given period.

Volatility was left at 5.13%, however, over the last 30 days, the volatility rate increased by 4.05%, as shares surge +9.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.51% upper at present.

During the last 5 trading sessions, ESTC rose by +1.84%, which changed the moving average for the period of 200-days by -17.97% in comparison to the 20-day moving average, which settled at $60.35. In addition, Elastic N.V. saw 17.28% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ESTC starting from Moorjani Janesh, who sale 3,975 shares at the price of $53.60 back on Dec 09. After this action, Moorjani Janesh now owns 182,191 shares of Elastic N.V., valued at $213,066 using the latest closing price.

Kulkarni Ashutosh, the Chief Executive Officer of Elastic N.V., sale 3,619 shares at $53.60 during a trade that took place back on Dec 09, which means that Kulkarni Ashutosh is holding 355,135 shares at $193,984 based on the most recent closing price.

Stock Fundamentals for ESTC

Current profitability levels for the company are sitting at:

  • -19.25 for the present operating margin
  • +65.42 for the gross margin

The net margin for Elastic N.V. stands at -23.64. Equity return is now at value -58.60, with -15.00 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.