Last Updated: 16 Sep 2024
Executive Summary
Elastic NV (ESTC) is a search company that provides technology for searching structured and unstructured data. The company has a strong financial position with a market capitalization of $7.73 billion. However, the company is currently unprofitable and has a high forward PE ratio of 49.75. The technical analysis indicates that the stock is in a downtrend and is approaching its 52-week low. The short-term outlook is negative and the long-term outlook is uncertain.
Company Overview
Elastic NV is a search company that offers technology that enables users to search through structured and unstructured data for a variety of consumer and business applications. The company's products include Elasticsearch, Kibana, Logstash, and Beats. Elasticsearch is a distributed search engine that can be used to search through large amounts of data in real time. Kibana is a data visualization platform that allows users to create interactive dashboards and visualizations. Logstash is a data collection pipeline that can be used to collect data from a variety of sources. Beats is a family of lightweight data shippers that can be used to collect data from a variety of devices.
Fundamental Analysis
Elastic NV has a strong financial position with a market capitalization of $7.73 billion. The company's revenue has grown by 18.3% over the past year to $1.32 billion. However, the company is currently unprofitable and has a negative EBITDA of $104.3 million. The company's gross profit margin is 58.5% and its operating margin is -9.7%. The company's return on assets is -3.94% and its return on equity is 10.4%.
Technical Analysis
The technical analysis indicates that the stock is in a downtrend and is approaching its 52-week low. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is below 30, which indicates that the stock is oversold. The moving average convergence divergence (MACD) is also below zero, which indicates that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for Elastic NV is negative. The stock is in a downtrend and is approaching its 52-week low. The technical indicators are also negative. The stock is likely to continue to decline in the short term.
Long Term Outlook
The long-term outlook for Elastic NV is uncertain. The company has a strong financial position and a growing market opportunity. However, the company is currently unprofitable and has a high forward PE ratio. The company will need to improve its profitability in order to justify its current valuation.
Analyst Recommendations
The analyst consensus on Elastic NV is a hold. Six analysts have a strong buy rating, ten analysts have a buy rating, eight analysts have a hold rating, and zero analysts have a sell rating or a strong sell rating. The average analyst target price is $102.14.
