e.l.f. Beauty Inc (NYSE:ELF) price closed higher on Monday,December 02, and jumping 0.92% above its previous close.
A look at the daily price movement shows that the last close reads $129.52, with intraday deals fluctuated between $121.52 and $131.27. The company’s 5Y monthly beta was ticking 1.436 while its P/E ratio in the trailing 12-month period read 70.68. Taking into account the 52-week price action we note that the stock hit a 52-week high of $221.83 and 52-week low of $98.50. The stock added 24.19% on its value in the past month.
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e.l.f. Beauty Inc, which has a market valuation of $7.50 billion, is expected to release its quarterly earnings report in January.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ELF a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 12 analysts have assigned ELF a recommendation rating as follows: 0 rate it as a Hold; 12 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the e.l.f. Beauty Inc (ELF) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 4.34. The overview shows that ELF’s price is at present 7.22% off the SMA20 and 14.93% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.07, with weekly volatility standing at 4.93%. The indicator jumps to 6.84% when calculated based on the past 30 days. e.l.f. Beauty Inc (NYSE:ELF)’s beta value is holding at 1.48, while the average true range (ATR) indicator is currently reading 7.73. Considering analysts have assigned the stock a price target range of $45-$250 as the low and high respectively, we find the trailing 12-month average consensus price target to be $162. Based on this estimate, we see that current price is roughly 65.57% off the estimated low and -91.26% off the forecast high. Investors will no doubt be excited to see the share price fall to $162, which is the median consensus price, and at that level ELF would be -23.94% from current price.
An analysis of the e.l.f. Beauty Inc (NYSE:ELF) stock in terms of its daily trading volume indicates that the 3-month average is 2.77 million. However, this figure increases on the past 10-day timeline to an average of 3.45 million.
Current records show that the company has 56.33M in outstanding shares. The insiders’ percentage holdings are 4.06% of outstanding shares while the percentage share held by institutions stands at 99.34%. The stats also highlight that short interest as of 2024-11-15, stood at 5.54 million shares, which puts the short ratio at the time at 1.96. From this we can glean that short interest is 1367.00 of company’s current outstanding shares. Notably, we see that shares short in November rose slightly given the previous month’s figure stood at 4.48 million. But the -9.44% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
