Elastic N.V. (NYSE: ESTC) is -51.58% lower on its value in year-to-date trading and has touched a low of $50.33 and a high of $162.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ESTC stock was last observed hovering at around $57.26 in the last trading session, with the day’s gains setting it 2.34%.
Currently trading at $59.60, the stock is -1.56% and -10.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 4.09% at the moment leaves the stock -21.04% off its SMA200. ESTC registered -61.25% loss for a year compared to 6-month gain of 1.10%.
The stock witnessed a -11.31% loss in the last 1 month and extending the period to 3 months gives it a -29.87%, and is -5.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.98% over the week and 6.98% over the month.
Elastic N.V. (ESTC) has around 3056 employees, a market worth around $5.81B and $919.40M in sales. Fwd P/E is 323.91. Profit margin for the company is -26.00%. Distance from 52-week low is 18.42% and -63.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.30%).
Elastic N.V. (ESTC) Analyst Forecasts
The EPS is expected to shrink by -48.40% this year
Elastic N.V. (ESTC) Top Institutional Holders
The shares outstanding are 94.62M, and float is at 77.52M with Short Float at 6.62%.
Elastic N.V. (ESTC) Insider Activity
A total of 22 insider transactions have happened at Elastic N.V. (ESTC) in the last six months, with sales accounting for 11 and purchases happening 11 times. The most recent transaction is an insider sale by Chadwick Jonathan, the company’s Director. SEC filings show that Chadwick Jonathan sold 6,250 shares of the company’s common stock on Oct 27 at a price of $65.26 per share for a total of $0.41 million. Following the sale, the insider now owns 7729.0 shares.
Elastic N.V. disclosed in a document filed with the SEC on Sep 09 that Moorjani Janesh (CFO & COO) sold a total of 1,959 shares of the company’s common stock. The trade occurred on Sep 09 and was made at $88.55 per share for $0.17 million. Following the transaction, the insider now directly holds 76965.0 shares of the ESTC stock.
Still, SEC filings show that on Sep 09, Kulkarni Ashutosh (Chief Executive Officer) disposed off 7,512 shares at an average price of $88.55 for $0.67 million. The insider now directly holds 126,110 shares of Elastic N.V. (ESTC).