Elastic N.V (NYSE:ESTC) shares, rose in value, with the stock price down by -1.17% to the previous day’s close as strong demand from buyers drove the stock to $77.87.
Actively observing the price movement in the last trading, the stock closed the session at $78.79, falling within a range of $76.64 and $79.385. The value of beta (5-year monthly) was 1.191. Referring to stock’s 52-week performance, its high was $123.96, and the low was $69.00. On the whole, ESTC has fluctuated by -18.31% over the past month.
With the market capitalization of Elastic N.V currently standing at about $8.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.48B, with a low estimate of 379.21M and a high estimate of 385.07M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 380.61M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ESTC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ESTC currently trading nearly -9.64% and -20.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.28, while the 7-day volatility ratio is showing 3.99% which for the 30-day chart, stands at 5.88%. Furthermore, Elastic N.V (ESTC)’s beta value is 1.22, and its average true range (ATR) is 5.37.
A comparison of Elastic N.V (ESTC) with its peers suggests the former has fared considerably weaker in the market. ESTC showed an intraday change of -1.17% in last session, and over the past year, it shrunk by -18.19%%.
Data on historical trading for Elastic N.V (NYSE:ESTC) indicates that the trading volumes over the past 10 days have averaged 1.75 and over the past 3 months, they’ve averaged 1.53 million. According to company’s latest data on outstanding shares, there are 104.41 million shares outstanding.
Nearly 13.71% of Elastic N.V’s shares belong to company insiders and institutional investors own 81.43% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.72 million shares as on 2025-03-31, resulting in a short ratio of 2.26. According to the data, the short interest in Elastic N.V (ESTC) stood at 420.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 2.7 million. The stock has fallen by -21.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ESTC stock heading into the next quarter.
