Elastic stock: buy or sell?
September 20th, 2019
Should I buy Elastic stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Elastic stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Elastic stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we collected 15 ratings published for ESTC stock in the last month. The general sentiment of these ratings is bullish for ESTC stock, with 11 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-29||Royal Bank of Canada||n/a||Outperform|
|2019-8-29||Monness Crespi & Hardt||n/a||Buy|
|2019-8-29||JPMorgan Chase & Co.||n/a||Neutral|
|2019-8-29||Bank of America||n/a||Buy|
|2019-8-14||Royal Bank of Canada||Sector Perform||Outperform|
|2019-6-6||Monness Crespi & Hardt||Buy||Buy|
|2019-6-6||Bank of America||n/a||Buy|
Elastic stock analysis
Shares of Elastic raised a slightly fine 0.61% and closed at $94.27.
Shares of Elastic ended today at $94.27 and raised a slightly fine 0.61%. In the last 22 days when ESTC stock price broke up the SMA200d line, it gained $14.14 (17.65%). Since SMA50d and SMA100d crossed up on July, ESTC price slid a -6.09%. On July, ESTC hit a new all time high, pushing higher than on July tops. Check different trading setups that use ATHs as triggers.
After boosting a brilliant 5.29% in a week last week, Elastic closed this week at $94.27 and grew a tiny 0.55%. Counting this, it's been 4 green weeks in a row, gaining $13.82 or 16.21%. By mid August ESTC plunged a scary -5.95% in just one week.
Having descending tops is not good news for traders invested in Elastic. Although it's only a warning signal, investors should be on alert during next weeks to identify possible new risks. It's important ESTC stock price keeps the level, and maybe bounce up from there forming a double bottom shape. Not so far away is the last all-time high Elastic marked late July. Since late August when ESTC stock price broke up the SMA40w line, it gained $13.82 (17.18%). Since late July when SMA10w and SMA20w crossed up, ESTC price slipped $-4.54 per share (-4.59%).
Elastic stock price history
Elastic stock went public on October with a price of $70.001. Since then, ESTC stock grew a 34.70%, with a yearly average of inf%. If you had invested $1,000 in Elastic stock in 2018, it would worth $347.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Elastic stock historical price chart
ESTC stock reached all-time highs on July with a price of $104.10.
Elastic stock price target is $110.40Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 14 price forecasts for ESTC stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-29||Stifel Nicolaus||Raises Target||$85.00||$100.00||17.6%|
|2019-8-29||Royal Bank of Canada||Raises Target||n/a||$117.00||-|
|2019-8-29||Monness Crespi & Hardt||Raises Target||$125.00||$130.00||4%|
|2019-8-29||JPMorgan Chase & Co.||Raises Target||$80.00||$85.00||6.3%|
|2019-8-29||Canaccord Genuity||Raises Target||$85.00||$90.00||5.9%|
|2019-8-29||Bank of America||Reiterates||$135.00||$137.00||1.5%|
|2019-8-14||Royal Bank of Canada||Upgrades||$94.00||$112.00||19.1%|
|2019-6-6||Monness Crespi & Hardt||Reiterates||$120.00||$125.00||4.2%|
|2019-6-6||Bank of America||Raises Target||$115.00||$135.00||17.4%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Elastic failed to meet the forecasts of the experts and posted a shocking EPS of $-0.29 per share when experts were expecting $-0.37.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an extraordinary growth of 81.38% to $159.94 million USD. Similarly, its earnings margin (compared to sales) boosted to -32.97%, that is $-52.73 million. Elastic presents anual results in April, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Elastic TTM sales up to January 2019 were $240.63 and earnings $-88.87 million dollars. When comparing this TTM figures with the last reported annuality, we can review Elastic business evolution since April 2018: Annual turnover up to January, compared to lastest yearly report, climbed an astounding 50.45%. Regarding profit margin, Elastic slightly fell -3.97% to -32.97%
|2017||$88 M||-||$-51.97 M-58.9%||-|
|2018||$160 M||81.38%||$-52.73 M-33.0%||1.46%|
|TTM||$241 M||50.45%||$-88.87 M-36.9%||68.55%|
Quarterly financial resultsElastic posted $70.84 M in revenues for 2019-Q1, a 11.42% up compared to previous quarter. Reported quarter income marked $-21.35 million with a profit margin of -30.14%. Profit margin climbed a 13.18% compared to previous quarter when profit margin was -43.32%. When comparing sales to same quarter last year, Elastic sales marked and a . Looking back to recent quarterly results, Elastic posted 5 positive quarters in a row.
|2017-Q3||$32 M||-||$-9.97 M-31.5%||-|
|2017-Q4||$37 M||17.05%||$-8.03 M-21.7%||-19.46%|
|2018-Q2||$50 M||33.84%||$-21.40 M-43.2%||166.64%|
|2018-Q3||$57 M||14.27%||$-18.58 M-32.8%||-13.20%|
|2018-Q4||$64 M||12.24%||$-27.54 M-43.3%||48.23%|
|2019-Q1||$71 M||11.42%||$-21.35 M-30.1%||-22.47%|
Elastic ownershipWhen you are planning to buy shares of a company, it's worth to overview its ownership structure.
Elastic shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 44.38% of all shares.
In case of Elastic stock, 52.94% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ESTC stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$7.2 B|
|Total shares||76.5 M|
|Float shares||44.5 M|
|- Institutional holdings (%)||52.9%|
|- Insider holdings (%)||44.4%|
|Shares in short selling||0.0%|
|Friday, September 20th, 2019|
|Day range||$92.80 - $94.94|
|Average true range||$4.60|
|50d mov avg||$90.63|
|100d mov avg||$85.67|
|200d mov avg||$83.41|
Elastic performanceTo measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Elastic performance to :