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Stock Charts AI Power Rank: 4.7
Power Rank trend -> Rising

Last Price: 86.95 - Change: 0.97 - Change %: 1.1282
11/08/2024 16:10:00 EST

Elastic NV (ESTC)

Industry: Software - Application

Price Support Resistance

In the past 20 trading days, ESTC has been trading in a range between $83.12 and $77.61 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

ESTC is trading between resistance at $102.97 about 18% to the upside and support at $81.57 -6% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $109.40, about a 26% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Elastic NV $ESTC entered a Green zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $83.39, a potential down side of -4.09% from the recent price of 86.95. The stock is trading 56.48% (potential upside) below its 52 week high of $136.06 and 26.01 % (potential downside) above its 52 week low of $69.00 - based on the recent price.

Company Summary

Elastic NV. , a search artificial intelligence (AI) company, delivers hosted and managed solutions designed to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

ESTC Website

News

Elastic to Announce Second Quarter Fiscal 2025 Earnings Results on Thursday, November 21, 2024
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the Search AI Company, announced that it will release its financial results for its second quarter fiscal 2025 ended October 31, 2024 after the U.S. market close on Thursday, Nov 21, 2024. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.elas.
Source: Business Wire
Thu, 07 Nov 2024 16:15:00 -0500
Sentiment: Neutral
Elastic Simplifies Elasticsearch Management with AutoOps Integration
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced that AutoOps, a monitoring and management tool from Elastic's acquisition of Opster, is now fully integrated into Elastic Cloud. Elastic Cloud users can now access simplified cluster management with performance recommendations, resource utilization and cost insights, real-time issue detection and resolution paths. With AutoOps, Elastic Cloud users will be able to: Experience significantly simplified Elasticse.
Source: Business Wire
Wed, 06 Nov 2024 10:00:00 -0500
Sentiment: Neutral
The Schall Law Firm Urges Shareholders To Take Part In An Inquiry Into Elastic NV For Possible Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / November 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, publicizes that it's investigating claims on behalf of investors of Elastic N.V. ("Elastic" or "the Company") (NYSE:ESTC) for violations of the securities laws.
Source: Accesswire
Mon, 04 Nov 2024 11:00:00 -0500
Sentiment: Neutral
Elastic N.V. Is Being Investigated For Securities Fraud And Investors With Losses Are Encouraged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / November 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, publicizes that it's investigating claims on behalf of investors of Elastic N.V. ("Elastic" or "the Company") (NYSE:ESTC) for violations of the securities laws.
Source: Accesswire
Sun, 03 Nov 2024 11:00:00 -0500
Sentiment: Neutral
The Schall Law Firm Urges Shareholder Participation In An Inquiry Into Elastic NV For Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / November 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, publicizes that it's investigating claims on behalf of investors of Elastic N.V. ("Elastic" or "the Company") (NYSE:ESTC) for violations of the securities laws.
Source: Accesswire
Sat, 02 Nov 2024 11:00:00 -0400
Sentiment: Neutral
Instituions Institution %: 90.95
Last QTR Institution change: 6217005

Insiders
Insiders %: 15.6
Insiders Purchases last QTR: 20000
Insiders Sales last QTR: 1329232
Insiders Net last QTR: -1309232

Analyst Ratings
Target Price: 83.39
Overall Rating: 4.1111
Strong Buys (5): 12
Buys (4): 6
Holds (3): 9
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 136.06
52 Week Low: 69
Beta: 0.943
50 Day MA: 78.2084
200 Day MA: 101.8407

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0
Qtr Revenue Growth YOY: 0.183
Forward PE: 57.4713
Trailing PE: 142.541

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