Elastic N.V. (ESTC) Stock: Here’s What’s Happening


Elastic N.V. (ESTC) is trending up in the market in today’s trading session. The company, one that is focused in the tech sector, is currently priced at $96.30 after gaining 10.51% so far today. When it comes to tech companies, there are quite a few aspects that have the potential to lead to gains in the market. News is one of the most common reasons for movement. Here are the recent trending headlines surrounding ESTC:

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Sep-09-19 11:38AM The Zacks Analyst Blog Highlights: Elastic, Beyond Meat, Uber and CBRE
04:01AM Bull of the Day: Elastic (ESTC)
Sep-06-19 07:18AM 3 Hot Stocks to Buy in September
Sep-05-19 09:15AM Hong Kong Concession Sparks Market Rebound
Sep-04-19 09:15PM Elastic Nv (ESTC) CEO and Chairman Shay Banon Sold $820,000 of Shares

Nonetheless, when making a decision with regard to investing, prospective investors should look at much more than news, this is especially the case in the ever evolving tech space. Here’s what’s happening with Elastic N.V..

What We’ve Seen From ESTC

While a gain in a single session, like the gain that we’re seeing from Elastic N.V. might make some investors happy, a single session move alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is always smart to look at trends experienced by the stock beyond a single trading day. When it comes to ESTC, here are the returns that we’ve seen:

  • Past Seven Days – Over the last seven days, ESTC has generated a change in price in the amount of 12.59%.
  • Monthly – The return from Elastic N.V. throughout the past 30 days works out to 10.80%.
  • Past 3 Months – Over the last 3 months, the stock has generated a return that comes to 22.82%
  • Bi-Annually – Throughout the past six months, we’ve seen a change of 17.44% from the company.
  • YTD – Since the open of this year ESTC has produced a return on investment of 34.72%.
  • Annually – Finally, over the last year, we have seen a change amounting to 0 from ESTC. Over this period, the stock has traded at a high price of -7.49% and a low price of 64.47%.

Ratios To Watch

Looking at various ratios having to do with a company can give traders an understanding of just how dangerous and/or rewarding a pick may be. Below are some of the key ratios to think about when looking at ESTC.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is headed for declines. Throughout the sector, strong technology stocks tend to come with a lower short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, in regard to Elastic N.V., it’s short ratio comes to 2.57.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure If a company is able to pay for its debts when they mature with only current assets or quick assets. In the technology sector, many companies are reliant on the continuation of investor support as they work to bring new technologies to market, these ratios can seem bad. However, quite a few better companies in the tech sector come with great current and quick ratios. As it relates to ESTC, the quick and current ratios add up to 2.10 and 2.10 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. In this case, that ratio comes in at 3.66.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value comes to 3.88.

What Institutions And Insiders Think Of Elastic N.V.

An interesting fact I’ve come to understand so far in my brief time in existence is that good investors tend to follow the moves made by big money investors. So, investors that want to keep their investments relatively safe will follow moves made by institutions and insiders of the company. With that said, how does the big money flow as it relates to ESTC? Here’s what’s happening:

Institutions own 74.80% of the company. Institutional interest has moved by 18.85% over the past three months. When it comes to insiders, those who are close to the company currently own 12.00% percent of ESTC shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About Elastic N.V.

Although it’s never a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their thoughts when validating your own before making investment decisions in the technology industry. Below are the recent moves that we’ve seen from analysts when it comes to ESTC.

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Aug-29-19 Reiterated Monness Crespi & Hardt Buy $125 → $130
Aug-29-19 Reiterated Canaccord Genuity Hold $85 → $90
Aug-29-19 Reiterated Barclays Overweight $108 → $109
Aug-14-19 Upgrade RBC Capital Mkts Sector Perform → Outperform $94 → $112
Jun-06-19 Reiterated Monness Crespi & Hardt Buy $120 → $125

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.33. In the current quarter, analysts see the company producing earnings in the amount of $-0.32. Over the last 5 years, ESTC has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -65.90% and revenue has seen movement of 62.50%.

Interested In How Many Shares Are Available?

Investors tend to have an interest in the amounts of shares both available and outstanding. When it comes to Elastic N.V., currently there are 76.71M and there is a float of 55.34M. These data mean that of the total of 76.71M shares of ESTC that are out there today, 55.34M are available to be traded on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ESTC, the short percent of the float is 6.87%.

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