Elastic Nv Stock Buy Hold or Sell Recommendation
| ESTC Stock | USD 98.36 2.17 2.26% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Elastic NV is 'Strong Hold'. Macroaxis provides Elastic NV buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ESTC positions. The advice algorithm takes into account all of Elastic NV's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Elastic NV's buy or sell advice are summarized below:
Real Value 78.58 | Target Price 83.39 | Hype Value 97.94 | Market Value 98.36 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Elastic NV given historical horizon and risk tolerance towards Elastic NV. When Macroaxis issues a 'buy' or 'sell' recommendation for Elastic NV, the advice is generated through an automated system that utilizes algorithms and statistical models.
Elastic |
Execute Elastic NV Buy or Sell Advice
The Elastic recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Elastic NV. Macroaxis does not own or have any residual interests in Elastic NV or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Elastic NV's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Elastic NV Trading Alerts and Improvement Suggestions
| Elastic NV generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 1.07 B. Net Loss for the year was (236.16 M) with profit before overhead, payroll, taxes, and interest of 773.21 M. | |
| Elastic NV has a poor financial position based on the latest SEC disclosures | |
| Over 84.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Q4 Rundown Confluent Vs Other Data Infrastructure Stocks |
Elastic NV Returns Distribution Density
The distribution of Elastic NV's historical returns is an attempt to chart the uncertainty of Elastic NV's future price movements. The chart of the probability distribution of Elastic NV daily returns describes the distribution of returns around its average expected value. We use Elastic NV price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Elastic NV returns is essential to provide solid investment advice for Elastic NV.
| Mean Return | -0.27 | Value At Risk | -3.75 | Potential Upside | 4.68 | Standard Deviation | 2.76 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Elastic NV historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Elastic Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Elastic NV is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Elastic NV backward and forwards among themselves. Elastic NV's institutional investor refers to the entity that pools money to purchase Elastic NV's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2023-12-31 | 1.7 M | State Street Corporation | 2023-12-31 | 1.3 M | Fidelity International Ltd | 2023-12-31 | 1.3 M | Geode Capital Management, Llc | 2023-12-31 | 1.2 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 M | Alkeon Capital Management, Llc | 2023-12-31 | 1 M | Optimus Prime Fund Management Co., Ltd. | 2023-12-31 | 1 M | Citadel Advisors Llc | 2023-09-30 | 889.3 K | Polar Capital Holdings Plc | 2023-12-31 | 866.2 K | Vanguard Group Inc | 2023-12-31 | 8.6 M | Baillie Gifford & Co Limited. | 2023-12-31 | 7.8 M |
Elastic NV Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (10.4M) | (10.5M) | 1.2M | (8.1M) | (7.3M) | (7.6M) | |
| Investments | (29.2M) | (1.5M) | (127.3M) | (273.0M) | (245.7M) | (233.4M) | |
| Change In Cash | (891K) | 104.3M | 459.9M | (217.0M) | (249.5M) | (237.1M) | |
| Free Cash Flow | (35.6M) | 18.3M | (1.7M) | 33.0M | 37.9M | 39.8M | |
| Depreciation | 12.9M | 17.2M | 19.7M | 20.2M | 23.3M | 13.2M | |
| Other Non Cash Items | 45.7M | 39.3M | 72.3M | 84.9M | 97.7M | 102.6M | |
| Capital Expenditures | 5.1M | 4.2M | 7.4M | 2.7M | 3.1M | 4.2M | |
| Net Income | (167.2M) | (129.4M) | (203.8M) | (236.2M) | (212.5M) | (223.2M) | |
| End Period Cash Flow | 299.4M | 403.7M | 863.6M | 646.6M | 743.6M | 412.5M | |
| Change To Netincome | 68.4M | 84.1M | 148.9M | 2.9M | 3.3M | 3.2M | |
| Change Receivables | (46.8M) | (24.0M) | (62.2M) | (46.4M) | (41.7M) | (43.8M) |
Elastic NV Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Elastic NV or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Elastic NV's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Elastic stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.32 | |
β | Beta against NYSE Composite | 0.50 | |
σ | Overall volatility | 2.79 | |
Ir | Information ratio | -0.13 |
Elastic NV Volatility Alert
Elastic NV exhibits very low volatility with skewness of -1.28 and kurtosis of 5.51. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Elastic NV's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Elastic NV's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Elastic NV Fundamentals Vs Peers
Comparing Elastic NV's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Elastic NV's direct or indirect competition across all of the common fundamentals between Elastic NV and the related equities. This way, we can detect undervalued stocks with similar characteristics as Elastic NV or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Elastic NV's fundamental indicators could also be used in its relative valuation, which is a method of valuing Elastic NV by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Elastic NV to competition |
| Fundamentals | Elastic NV | Peer Average |
| Return On Equity | 0.1 | -0.31 |
| Return On Asset | -0.0403 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | (0.08) % | (5.51) % |
| Current Valuation | 9.5 B | 16.62 B |
| Shares Outstanding | 100.81 M | 571.82 M |
| Shares Owned By Insiders | 17.20 % | 10.09 % |
| Shares Owned By Institutions | 84.20 % | 39.21 % |
| Number Of Shares Shorted | 3.8 M | 4.71 M |
| Price To Earning | (41.15) X | 28.72 X |
| Price To Book | 13.85 X | 9.51 X |
| Price To Sales | 8.09 X | 11.42 X |
| Revenue | 1.07 B | 9.43 B |
| Gross Profit | 773.21 M | 27.38 B |
| EBITDA | (140.19 M) | 3.9 B |
| Net Income | (236.16 M) | 570.98 M |
| Cash And Equivalents | 848.76 M | 2.7 B |
| Cash Per Share | 8.94 X | 5.01 X |
| Total Debt | 594.23 M | 5.32 B |
| Debt To Equity | 1.51 % | 48.70 % |
| Current Ratio | 1.96 X | 2.16 X |
| Book Value Per Share | 7.02 X | 1.93 K |
| Cash Flow From Operations | 35.66 M | 971.22 M |
| Short Ratio | 2.13 X | 4.00 X |
| Earnings Per Share | 0.52 X | 3.12 X |
| Price To Earnings To Growth | 0.89 X | 4.89 X |
| Target Price | 132.84 | |
| Number Of Employees | 3.16 K | 18.84 K |
| Beta | 0.94 | -0.15 |
| Market Capitalization | 9.92 B | 19.03 B |
| Total Asset | 1.74 B | 29.47 B |
| Retained Earnings | (1.05 B) | 9.33 B |
| Working Capital | 557.66 M | 1.48 B |
Note: Disposition of 2709 shares by Shay Banon of Elastic NV at 102.61 subject to Rule 16b-3 [view details]
Elastic NV Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Elastic . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Elastic NV Buy or Sell Advice
When is the right time to buy or sell Elastic NV? Buying financial instruments such as Elastic Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 121.9M | 140.0M | 161.0M | 169.1M | Total Assets | 1.6B | 1.7B | 2.0B | 2.1B |
Use Investing Ideas to Build Portfolios
In addition to having Elastic NV in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Cryptocurrency Thematic Idea Now
Cryptocurrency
Dynamically computed list of top cryptocurrencies sorted bymarket capitalization. The Cryptocurrency theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cryptocurrency Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Elastic NV Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Elastic Stock analysis
When running Elastic NV's price analysis, check to measure Elastic NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elastic NV is operating at the current time. Most of Elastic NV's value examination focuses on studying past and present price action to predict the probability of Elastic NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elastic NV's price. Additionally, you may evaluate how the addition of Elastic NV to your portfolios can decrease your overall portfolio volatility.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |
Is Elastic NV's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elastic NV. If investors know Elastic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elastic NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.52 | Revenue Per Share 12.3 | Quarterly Revenue Growth 0.194 | Return On Assets (0.04) | Return On Equity 0.1027 |
The market value of Elastic NV is measured differently than its book value, which is the value of Elastic that is recorded on the company's balance sheet. Investors also form their own opinion of Elastic NV's value that differs from its market value or its book value, called intrinsic value, which is Elastic NV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elastic NV's market value can be influenced by many factors that don't directly affect Elastic NV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elastic NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elastic NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elastic NV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.