What Are The Chances Of Elastic N.V (NYSE: ESTC) Becoming A Clear Buy?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of Elastic N.V is $10.46B. A total of 1.32 million shares were traded on the day, compared to an average of 1.34M shares.

In the most recent transaction, Herzog Carolyn sold 192 shares of ESTC for 99.95 per share on Mar 27 ’24. After the transaction, the Chief Legal Officer now owns 87,799 company shares. In a previous transaction on Mar 26 ’24, Schuurman Steven sold 815,000 shares at 97.54 per share. ESTC shares that Director owns now total 8,382,000.

Among the insiders who sold shares, Banon Shay disposed of 20,000 shares on Mar 20 ’24 at a per-share price of $101.52. This resulted in the Chief Technology Officer holding 3,054,978 shares of ESTC after the transaction. In another insider transaction, Banon Shay sold 180,000 shares at $101.23 per share on Mar 19 ’24. Company shares held by the Chief Technology Officer now total 3,074,978.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ESTC has a high of $136.06 and a low of $54.06.

As of this writing, ESTC has an earnings estimate of $0.19 per share for the current quarter. EPS was calculated based on a consensus of 22.0 estimates, with a high estimate of $0.24 per share and a lower estimate of $0.18. The company reported an EPS of $0.22 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ESTC’s latest balance sheet shows that the firm has $860.95M in Cash & Short Term Investments as of fiscal 2022. There were $594.22M in debt and $593.33M in liabilities at the time. Its Book Value Per Share was $7.02, while its Total Shareholder’s Equity was $415.43M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ESTC is Buy with a score of 4.23.

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