How to Buy Elastic Nv Stock
Elastic Nv
Elastic N. V. , a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications.
Elastic Nv stock last closed at $102.54, up 4.25% from the previous day, and has increased 75.61% in one year. It has overperformed other stocks in the Software - Application industry by 0.51 percentage points. Elastic Nv stock is currently +89.68% from its 52-week low of $54.06, and -24.64% from its 52-week high of $136.06.
There are currently 100.81M ESTC shares outstanding. The market value of ESTC is $10.34B. In the last 24 hours, 1.89M ESTC shares were traded.
How to Buy Elastic Nv Stock
Wondering how to invest in Elastic Nv stock? Here's how.
- Decide where to buy Elastic Nv stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Elastic Nv stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your method of payment and add your info.
- Research Elastic Nv stock: The Elastic Nv ticker symbol is ESTC. Is Elastic Nv stock a good investment? Should you buy shares of ESTC? How do ESTC's underlying business fundamentals look? Do top analysts think Elastic Nv is a good buy? Why has ESTC's stock price moved recently? (Hint: Our stock market research website can help you figure out if ESTC is a good stock to buy).
- Make your ESTC trade: Decide if you will purchase ESTC shares at the current market price or use a limit order to buy ESTC stock at a specific price.
- Get notifications regarding your ESTC investment: Create a watchlist to get live updates on your position in Elastic Nv shares.
Step 1: Decide where to buy Elastic Nv stock
You will need a brokerage account in order to access the NYSE market and buy ESTC shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to invest in ESTC stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on app for investing, you can securely and quickly fund your account:
Check out this video walkthrough to see the process of transferring funds into your brokerage account.
Step 4: Research Elastic Nv stock
After you have figured out the best place to buy Elastic Nv stock, it's crucial to evaluate their stock prior to investing, so you actually understand the risk as well as the opportunity.
Elastic Nv stock quick numbers
Elastic Nv Fundamentals
WallStreetZen was built to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on ESTC's stock page.
How is ESTC stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ESTC's fair value.
Using relative valuations measures:
- ESTC may be overvalued based on its P/E ratio of 193.47x, relative to Software - Application industry P/E ratio of 104.62x
- ESTC could be overvalued based on its P/B ratio of 14.6x, relative to Software - Application industry P/B ratio of 6.55x
You can do additional valuation research on ESTC's stock here.
ESTC Financial Health Summary
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the ESTC balance sheet.
- There are more short-term assets than short-term liabilities on the ESTC balance sheet.
- ESTC profit margin has gone up from -24.8% to 4.6% in the past year.
Failed Health Checks:
- Total ESTC debt is higher than 5 years ago, relative to shareholder equity.
- ESTC has a relatively high debt to equity ratio of 1.91.
- ESTC's operating cash flow of $115.37M allows it to safely service it's debt of $596.43M.
- ESTC earnings of -$93.56M is not sufficient to cover its interest payments.
Do Wall Street analysts think it's a good time to buy ESTC stock
Out of 14 Wall Street analysts who give forecasts on ESTC, the consensus analyst rating on ESTC is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent ESTC Analyst Ratings
Brad Reback, a top 11% analyst from Stifel Nicolaus maintains ESTC with a strong buy rating and raises their ESTC price target from $99.00 to $130.00, on Mar 1, 2024.
Stifel Nicolaus's Brad Reback raised their price target on Elastic Nv (NYSE: ESTC) by 31.3% from $99 to $130 on 2024/03/01. The analyst maintained their Strong Buy rating on the stock.
Elastic Nv delivered quarterly results that "beat across all key metrics," Reback said to summarize the company's Q3 2024 print, released on 2024/02/29.
The analyst explained that "self-managed" outperformance was the catalyst that drove the upside.
However, like many other consumption-based suppliers, management discussed "how customers' usage stabilizes cloud consumption patterns compared to their promises," Reback told investors.
The analyst believes Elastic Nv is poised for relative outperformance in upcoming quarters, notwithstanding short-term trade dynamics, thanks to stabilizing consumption trends and the significant and expanding GenAI opportunity.
Earnings Report
Elastic Nv reported:
For Q3 2024:
- EPS of $0.36, which beat the Zacks Consensus Estimate of $0.31 and, by 111.8%, Q3 2023’s $0.17.
- Revenue of $327.96M, which beat the Zacks Consensus Estimate by 2.33% and, by 19%, Q3 2024’s $274.57M.
- Operating margin of 13%.
Management guided:
For Q4 2024:
- EPS of $0.18 and $0.20.
- Revenue of $328M to $330M.
- Operating margin of 7.4% to 7.8%.
For FY 2024:
- EPS of $1.15 to $1.18.
- Revenue of $1.260B to $1.262B.
- Operating margin of 11%.
CEO Ash Kulkarni commented: “Elastic delivered another strong quarter and I'm pleased with our momentum and execution that drove our Q3 results.
“Customer interest in Generative AI, platform consolidation, and stability in cloud consumption patterns continued to drive momentum in our business in Q3.
“This reinforces our confidence in the business, and in our future growth as more companies choose our search analytics platform as a core part of their IT infrastructure stack for building GenAI applications.”
Raimo Lenschow, a top 1% analyst from Barclays maintains ESTC with a hold rating and lowers their ESTC price target from $130.00 to $128.00, on Mar 1, 2024.
Michael Lewis, a top 40% analyst from Truist Securities maintains ESTC with a strong buy rating and raises their ESTC price target from $130.00 to $140.00, on Feb 20, 2024.
Pinjalim Bora, a top 20% analyst from JP Morgan maintains ESTC with a strong buy rating and raises their ESTC price target from $87.00 to $98.00, on Dec 1, 2023.
Rob Owens, a top 1% analyst from Piper Sandler maintains ESTC with a strong buy rating and raises their ESTC price target from $84.00 to $105.00, on Dec 1, 2023.
You can dive deeper into what analysts are projecting on the Elastic Nv stock forecast page.
ESTC Technicals
ESTC Earnings
Last year, ESTC revenue was $1.21B. Over the past five year, ESTC's revenue has gone up by 38.18% per year. This was faster than the Software - Application industry average of 27.65%.
Dive into ESTC's earnings and revenue performance here.
Are ESTC insiders buying or selling the stock?
In the past 12 months, insiders at ESTC have sold more shares than they have bought.
Carolyn Herzog, Chief Legal Officer of ESTC, was the latest ESTC insider to sell. They sold $19,190.40 worth of ESTC stock on Mar 27, 2024.
Research more about who owns ESTC stock here.
Can I get consistent income from ESTC stock?
No, Elastic Nv doesn't provide an income stream by paying out dividends.
ESTC Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your ESTC trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your ESTC investment
Now that you own some shares in ESTC, you'll want to keep up with your new investment.
Start a watchlist to monitor your ESTC stock.
ESTC Feed
How to Buy Stock in Elastic Nv
To reiterate, here are the 6 steps for buying Elastic Nv stock:
- Decide where to buy Elastic Nv stock
- Open your brokerage account
- Fund your investment account
- Research Elastic Nv stock
- Make your ESTC trade
- Get notifications regarding your ESTC investment
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your investment in Elastic Nv, click the button below.
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