On Tuesday, Elastic N.V (NYSE: ESTC) opened higher 1.49% from the last session, before settling in for the closing price of $77.04. Price fluctuations for ESTC have ranged from $69.00 to $136.06 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 36.79% annually for the last half of the decade. Company’s average yearly earnings per share was noted 29.18% at the time writing. With a float of $85.44 million, this company’s outstanding shares have now reached $101.71 million.
In an organization with 3187 employees, it is important to assess its efficiency.
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 16.84%, while institutional ownership is 83.08%. The most recent insider transaction that took place on Sep 09 ’24, was worth 487,605. In this transaction CFO & COO of this company sold 6,941 shares at a rate of $70.25, taking the stock ownership to the 195,550 shares. Before that another transaction happened on Sep 09 ’24, when Company’s Chief Technology Officer sold 2,666 for $70.25, making the entire transaction worth $187,286. This insider now owns 4,543,190 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 7/31/2024, 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 0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 29.18% 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 1.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.08. Likewise, its price to free cash flow for the trailing twelve months is 50.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.55, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.86 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 0.89 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 82.52%. Additionally, its Average True Range was 3.48.
During the past 100 days, Elastic N.V’s (ESTC) raw stochastic average was set at 16.72%, which indicates a significant decrease from 96.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.18% in the past 14 days, which was lower than the 64.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.72, while its 200-day Moving Average is $107.35. However, in the short run, Elastic N.V’s stock first resistance to watch stands at $78.92. Second resistance stands at $79.66. The third major resistance level sits at $81.01. If the price goes on to break the first support level at $76.83, it is likely to go to the next support level at $75.48. Assuming the price breaks the second support level, the third support level stands at $74.75.
Elastic N.V (NYSE: ESTC) Key Stats
There are currently 101,715K shares outstanding in the company with a market cap of 8.03 billion. Presently, the company’s annual sales total 1,267 M according to its annual income of 61,720 K. Last quarter, the company’s sales amounted to 347,420 K and its income totaled -49,230 K.
