Elastic Nv Stock Today
| ESTC Stock | USD 102.54 4.18 4.25% |
Performance0 of 100
| Odds Of DistressLess than 9
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Elastic NV is trading at 102.54 as of the 24th of April 2024, a 4.25 percent up since the beginning of the trading day. The stock's open price was 98.36. Elastic NV has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Elastic NV are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 5th of October 2018 | Category Technology | Classification Information Technology |
Elastic N.V., a search company, delivers technology solutions designed to run in public or private clouds in multi-cloud environments. The company was incorporated in 2012 and is headquartered in Mountain View, California. Elastic NV operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. The company has 100.81 M outstanding shares of which 3.8 M shares are currently shorted by private and institutional investors with about 2.13 trading days to cover. More on Elastic NV
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Moving against Elastic Stock
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Elastic Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Elastic NV's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Elastic NV or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Ashutosh Kulkarni | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Application Software, Software - Application, Information Technology, NYSE Composite, ISE Cloud Computing, Information Technology, Software, Software—Application, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Elastic NV report their recommendations after researching Elastic NV's financial statements, talking to executives and customers, or listening in on Elastic NV's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Elastic NV. The Elastic consensus assessment is calculated by taking the average forecast from all of the analysts covering Elastic NV. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Elastic NV's liquidity, profitability, solvency, and operating efficiency, Elastic NV is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in May. Financial strength of Elastic NV is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Elastic NV's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Elastic NV's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Elastic NV's financial leverage. It provides some insight into what part of Elastic NV's total assets is financed by creditors.
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Elastic NV (ESTC) is traded on New York Stock Exchange in USA. It is located in Keizersgracht 281, Amsterdam, Netherlands, 1016 ED and employs 3,161 people. Elastic NV is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 9.92 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Elastic NV's market, we take the total number of its shares issued and multiply it by Elastic NV's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Elastic NV conducts business under Software sector and is part of Information Technology industry. The entity has 100.81 M outstanding shares of which 3.8 M shares are currently shorted by private and institutional investors with about 2.13 trading days to cover.
Elastic NV currently holds about 848.76 M in cash with 35.66 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.94.
Check Elastic NV Probability Of Bankruptcy
Ownership AllocationElastic NV holds a total of 100.81 Million outstanding shares. The majority of Elastic NV outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Elastic NV to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Elastic NV. Please pay attention to any change in the institutional holdings of Elastic NV as this could imply that something significant has changed or is about to change at the company. Also note that almost one million eight thousand eighty invesors are currently shorting Elastic NV expressing very little confidence in its future performance.
Check Elastic Ownership Details
Elastic Stock Price Odds Analysis
What are Elastic NV's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Elastic NV jumping above the current price in 90 days from now is about 76.2%. The Elastic NV probability density function shows the probability of Elastic NV stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Elastic NV has a beta of 0.503 suggesting as returns on the market go up, Elastic NV average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elastic NV will be expected to be much smaller as well. Additionally, elastic NV has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Elastic NV to move above the current price in 90 days from now is about 76.2 (This Elastic NV probability density function shows the probability of Elastic Stock to fall within a particular range of prices over 90 days) .
Elastic Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Elastic NV that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Elastic NV's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Elastic NV's value.| Instituion | Recorded On | 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 Historical Income Statement
Elastic NV Income Statement is one of the three primary financial statements used for reporting Elastic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Elastic NV revenue and expense. Elastic NV Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Elastic NV's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 30.4 M, whereas Selling General Administrative is forecasted to decline to about 88.6 M. View More FundamentalsElastic Stock Against Markets
Picking the right benchmark for Elastic NV stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Elastic NV stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Elastic NV is critical whether you are bullish or bearish towards Elastic NV at a given time. Please also check how Elastic NV's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Elastic NV without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Elastic NV Corporate Management
Elected by the shareholders, the Elastic NV's board of directors comprises two types of representatives: Elastic NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elastic. The board's role is to monitor Elastic NV's management team and ensure that shareholders' interests are well served. Elastic NV's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Elastic NV's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mathew Donoghue | Chief Officer | Profile | |
| Carolyn Herzog | Chief Secretary | Profile | |
| Steven Schuurman | Co-Founder, Non-Executive Independent Director | Profile | |
| Shelley Leibowitz | Non-Executive Independent Director | Profile | |
| Jonathan Chadwick | Non-Executive Independent Director | Profile | |
| Nikolay CFA | Vice Relations | Profile | |
| Ken Exner | Chief Officer | Profile |
How to buy Elastic Stock?
Before investing in Elastic NV, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Elastic NV. To buy Elastic NV stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Elastic NV. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Elastic NV stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Elastic NV stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Elastic NV stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Elastic NV, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Elastic Stock please use our How to Invest in Elastic NV guide.
Already Invested in Elastic NV?
The danger of trading Elastic NV is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Elastic NV is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Elastic NV. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Elastic NV is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Elastic NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Elastic NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Elastic Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Elastic Nv Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elastic NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.
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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.