Let’s look at the key reasons that are pushing Elastic N.V (ESTC) to new highs

On Friday, Elastic N.V (NYSE: ESTC) was 14.77% up from the session before settling in for the closing price of $94.13. A 52-week range for ESTC has been $69.00 – $136.06.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Technology Sector giant saw their annual sales surged by 36.79% over the last five years. When this article was written, the company’s average yearly earnings per share was at 42.83%. With a float of $85.59 million, this company’s outstanding shares have now reached $101.71 million.

The firm has a total of 3187 workers. Let’s measure their productivity. In terms of profitability, gross margin is 74.02%, operating margin of -7.64%, and the pretax margin is -7.18%.

Elastic N.V (ESTC) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Elastic N.V stocks. The insider ownership of Elastic N.V is 16.70%, while institutional ownership is 82.67%. 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) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 42.83% per share during the next fiscal year.

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

You can see what Elastic N.V (ESTC) is doing with its current performance indicators. In the most recent 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 9.26. Likewise, its price to free cash flow for the trailing twelve months is 61.39.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.55, a number that is poised to hit 0.47 in the next quarter and is forecasted to reach 1.90 in one year’s time.

Technical Analysis of Elastic N.V (ESTC)

Analysing the last 5-days average volume posted by the [Elastic N.V, ESTC], we can find that recorded value of 3.49 million was better than the volume posted last year of 1.32 million. As of the previous 9 days, the stock’s Stochastic %D was 71.69%. Additionally, its Average True Range was 4.31.

During the past 100 days, Elastic N.V’s (ESTC) raw stochastic average was set at 71.02%, which indicates a significant decrease from 73.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.86% in the past 14 days, which was lower than the 64.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $81.78, while its 200-day Moving Average is $100.30. Now, the first resistance to watch is $115.30. This is followed by the second major resistance level at $122.56. The third major resistance level sits at $126.95. If the price goes on to break the first support level at $103.65, it is likely to go to the next support level at $99.26. Now, if the price goes above the second support level, the third support stands at $92.00.

Elastic N.V (NYSE: ESTC) Key Stats

There are 102,751K outstanding shares of the company, which has a market capitalization of 12.74 billion. As of now, sales total 1,267 M while income totals 61,720 K. Its latest quarter income was 347,420 K while its last quarter net income were -49,230 K.