With 0.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.34 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $105.98 whereas the lowest price it dropped to was $103.26. The 52-week range on ESTC shows that it touched its highest point at $136.06 and its lowest point at $69.00 during that stretch. It currently has a 1-year price target of $130.36. Beta for the stock currently stands at 1.05.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ESTC was down-trending over the past week, with a drop of -3.01%, but this was up by 17.24% over a month. Three-month performance surged to 39.18% while six-month performance fell -6.88%. The stock lost -8.09% in the past year, while it has lost -7.18% so far this year. A look at the trailing 12-month EPS for ESTC yields 0.55 with Next year EPS estimates of 1.92. For the next quarter, that number is 0.47. This implies an EPS growth rate of 44.63% for this year and 11.36% for next year.
Float and Shares Shorts:
At present, 103.63 million ESTC shares are outstanding with a float of 88.43 million shares on hand for trading. On 2024-10-31, short shares totaled 3.01 million, which was 293.0 higher than short shares on 1727654400. In addition to Mr. Ashutosh Kulkarni as the firm’s CEO & Executive Director, Mr. Steven Schuurman CBDO serves as its Co-Founder & Independent Non-Executive Director.
Institutional Ownership:
Through their ownership of 0.91785 of ESTC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, ESTC reported revenue of $365361000.0 and operating income of -$4340000.0. The EBITDA in the recently reported quarter was $8331000.0 and diluted EPS was -$0.25.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ESTC since 24 analysts follow the stock currently. There are 18 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ESTC analysts setting a high price target of 150.0 and a low target of 93.12, the average target price over the next 12 months is 127.2448. Based on these targets, ESTC could surge 43.39% to reach the target high and fall by -10.98% to reach the target low. Reaching the average price target will result in a growth of 21.64% from current levels.
Analysts have provided yearly estimates in a range of $1.18821 being high and $1.16807 being low. For ESTC, this leads to a yearly average estimate of $1.17814. Based on analyst estimates, the high estimate for the next quarter is $0.46 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.32.
