No matter how cynical the overall market is Elastic N.V (ESTC) performance over the last week is recorded 4.65%

On Friday, Elastic N.V (NYSE: ESTC) opened higher 130.39% from the last session, before settling in for the closing price of $112.10. Price fluctuations for ESTC have ranged from $50.21 to $128.48 over the past 52 weeks.

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A company in the Technology sector has jumped its sales by 47.05% annually for the last half of the decade. Company’s average yearly earnings per share was noted 351.12% at the time writing. With a float of $80.78 million, this company’s outstanding shares have now reached $97.37 million.

Elastic N.V (ESTC) Insider Updates

A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Elastic N.V is 18.92%, while institutional ownership is 78.60%. The most recent insider transaction that took place on Dec 15, was worth 381,030. In this transaction Director of this company sold 3,404 shares at a rate of $111.94, taking the stock ownership to the 6,577 shares. Before that another transaction happened on Dec 12, when Company’s Chief Legal Officer sold 20,234 for $115.49, making the entire transaction worth $2,336,889. This insider now owns 90,390 shares in total.

Elastic N.V (ESTC) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 10/30/2023, the company posted $0.37 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.24) by $0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 351.12% per share during the next fiscal year.

Elastic N.V (NYSE: ESTC) Trading Performance Indicators

Check out the current performance indicators for Elastic N.V (ESTC). In the past quarter, the stock posted a quick ratio of 1.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.21. Likewise, its price to free cash flow for the trailing twelve months is 178.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.98, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 1.50 in one year’s time.

Technical Analysis of Elastic N.V (ESTC)

Let’s dig in a bit further. During the last 5-days, its volume was 0.96 million. That was inferior than the volume of 1.33 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.43%. Additionally, its Average True Range was 4.57.

During the past 100 days, Elastic N.V’s (ESTC) raw stochastic average was set at 97.87%, which indicates a significant increase from 91.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.76% in the past 14 days, which was lower than the 62.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $114.12, while its 200-day Moving Average is $80.63. However, in the short run, Elastic N.V’s stock first resistance to watch stands at $132.07. Second resistance stands at $133.74. The third major resistance level sits at $135.78. If the price goes on to break the first support level at $128.36, it is likely to go to the next support level at $126.32. Assuming the price breaks the second support level, the third support level stands at $124.65.

Elastic N.V (NYSE: ESTC) Key Stats

There are currently 99,600K shares outstanding in the company with a market cap of 12.99 billion. Presently, the company’s annual sales total 1,069 M according to its annual income of -236,160 K. Last quarter, the company’s sales amounted to 310,610 K and its income totaled -24,800 K.