Elastic Stock Today

ESTC
 Stock
  

USD 56.03  1.14  1.99%   

Market Performance
0 of 100
Odds Of Distress
Less than 12
Elastic NV is trading at 56.03 as of the 3rd of December 2022, a -1.99 percent decrease since the beginning of the trading day. The stock's open price was 57.17. Elastic NV has less than a 12 % chance of experiencing some financial distress in the next two years of operation, 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 4th of September 2022 and ending today, the 3rd of December 2022. Click here to learn more.
CUSIP
N14506104
Fiscal Year End
April
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 95.08 M outstanding shares of which 5.21 M shares are currently shorted by private and institutional investors with about 3.63 trading days to cover. More on Elastic NV

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Moving against Elastic NV

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-0.7MRKMerck Company TrendingPairCorr
Follow Valuation Options Odds of Bankruptcy
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Elastic NV 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.
Elastic NV generated a negative expected return over the last 90 days
Elastic NV has high historical volatility and very poor performance
The company reported the previous year's revenue of 862.37 M. Net Loss for the year was (203.85 M) with profit before overhead, payroll, taxes, and interest of 631.57 M.
Over 78.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: G-III Apparel, Salesforce And Some Other Big Stocks Moving Lower In Todays Pre-Market Session By Benzinga - Investing.com UK
CEOAshutosh Kulkarni
Fama & French Classification
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.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Elastic NV based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Elastic NV financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted85 M92.5 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares85 M92.5 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations6.1 M5.7 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities483 M593.3 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities1.3 B1.2 B
Significantly Up
Increasing
Slightly volatile
Gross Margin0.70.731
Sufficiently Down
Decreasing
Slightly volatile
Total Debt641.1 M594.2 M
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.580.549
Notably Up
Decreasing
Slightly volatile
Current Assets1.3 B1.2 B
Significantly Up
Increasing
Slightly volatile
Total Assets1.8 B1.6 B
Significantly Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Elastic NV's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldUndervalued
Financial Strength
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.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Elastic NV's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Elastic NV deploys its capital and how much of that capital is borrowed.
Liquidity
Elastic NV cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 566.52 M in liabilities with Debt to Equity (D/E) ratio of 1.51, which is about average as compared to similar companies. Elastic NV has a current ratio of 1.92, which is within standard range for the sector. Debt can assist Elastic NV until it has trouble settling it off, either with new capital or with free cash flow. So, Elastic NV's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elastic NV sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elastic to invest in growth at high rates of return. When we think about Elastic NV's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

6.12 Million
Elastic NV (ESTC) is traded on New York Stock Exchange in USA and employs 3,056 people. Elastic NV is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with current market capitalization of 5.44 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 these 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 95.08 M outstanding shares of which 5.21 M shares are currently shorted by private and institutional investors with about 3.63 trading days to cover. Elastic NV currently holds about 848.76 M in cash with 5.67 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
Elastic NV holds a total of ninety-five million seventy-nine thousand nine hundred four 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 about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Elastic Ownership Details

Elastic Stock Price Odds Analysis

What are Elastic NV's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Elastic NV jumping above the current price in 90 days from now is more than 94.0%. 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 the stock has a beta coefficient of 1.971 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Elastic NV will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Elastic NV is significantly underperforming NYSE Composite.
  Odds Below 56.03HorizonTargetOdds Above 56.03
6.15%90 days
 56.03 
93.83%
Based on a normal probability distribution, the odds of Elastic NV to move above the current price in 90 days from now is more than 94.0 (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.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares16.4 K1.2 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares17.2 K1.2 M
View Elastic NV Diagnostics

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.
As of December 3, 2022, Consolidated Income is expected to decline to about (209.2 M). In addition to that, Cost of Revenue is expected to decline to about 185.4 M View More Fundamentals

Elastic 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.

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.

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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.
W Garrett - Senior Vice President of Legal, General CounselProfile
Aaron Katz - Chief Revenue OfficerProfile
Carolyn Herzog - Chief SecProfile
Steven Schuurman - Co-Founder, Non-Executive Independent DirectorProfile
Craig Griffin - VP DevelProfile
Chetan Puttagunta - Non-Executive Lead Independent DirectorProfile
Shelley Leibowitz - Non-Executive Independent DirectorProfile

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 Shape 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.
Continue to Investing Opportunities. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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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.
Market Capitalization
5.4 B
Quarterly Revenue Growth YOY
0.3
Return On Assets
(0.08) 
Return On Equity
(0.56) 
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 Elastic NV value 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.