Elastic Nv Stock Short Ratio
| ESTC Stock | USD 107.41 13.28 14.11% |
Elastic NV fundamentals help investors to digest information that contributes to Elastic NV's financial success or failures. It also enables traders to predict the movement of Elastic Stock. The fundamental analysis module provides a way to measure Elastic NV's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Elastic NV stock.
Elastic | Short Ratio |
Elastic NV Company Short Ratio Analysis
Elastic NV's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Elastic NV Short Ratio | 2.99 X |
Most of Elastic NV's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Elastic NV is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Elastic Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Elastic NV is extremely important. It helps to project a fair market value of Elastic Stock properly, considering its historical fundamentals such as Short Ratio. Since Elastic NV's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Elastic NV's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Elastic NV's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Elastic Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Elastic NV has a Short Ratio of 2.99 times. This is 38.35% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The short ratio for all United States stocks is 25.25% higher than that of the company.
Elastic Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elastic NV's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elastic NV could also be used in its relative valuation, which is a method of valuing Elastic NV by comparing valuation metrics of similar companies.Elastic NV is currently under evaluation in short ratio category among its peers.
Elastic NV Current Valuation Drivers
We derive many important indicators used in calculating different scores of Elastic NV from analyzing Elastic NV's financial statements. These drivers represent accounts that assess Elastic NV's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Elastic NV's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 5.1B | 10.5B | 7.0B | 5.4B | 10.2B | 5.7B | |
| Enterprise Value | 4.8B | 10.1B | 6.8B | 5.4B | 10.2B | 5.6B |
Elastic NV ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Elastic NV's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Elastic NV's managers, analysts, and investors.Environmental | Governance | Social |
Elastic NV Institutional Holders
Institutional Holdings refers to the ownership stake in Elastic NV that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Elastic NV's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Elastic NV's value.| Shares | Tiger Technology Management Llc | 2024-06-30 | 1.7 M | Atreides Management, Lp | 2024-09-30 | 1.7 M | State Street Corp | 2024-06-30 | 1.4 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1.4 M | Geode Capital Management, Llc | 2024-06-30 | 1.3 M | Optimus Prime Fund Management Co., Ltd. | 2024-09-30 | 1.2 M | Goldman Sachs Group Inc | 2024-06-30 | 945.8 K | Polar Capital Holdings Plc | 2024-06-30 | 935.4 K | Norges Bank | 2024-06-30 | 929.6 K | Baillie Gifford & Co Limited. | 2024-09-30 | 9.4 M | Vanguard Group Inc | 2024-09-30 | 9.2 M |
Elastic Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | -0.0394 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | (0.1) % | ||||
| Current Valuation | 8.54 B | ||||
| Shares Outstanding | 102.75 M | ||||
| Shares Owned By Insiders | 15.00 % | ||||
| Shares Owned By Institutions | 91.78 % | ||||
| Number Of Shares Shorted | 3.01 M | ||||
| Price To Earning | (41.15) X | ||||
| Price To Book | 11.98 X | ||||
| Price To Sales | 7.32 X | ||||
| Revenue | 1.27 B | ||||
| Gross Profit | 773.21 M | ||||
| EBITDA | (78.62 M) | ||||
| Net Income | 61.72 M | ||||
| Cash And Equivalents | 848.76 M | ||||
| Cash Per Share | 8.94 X | ||||
| Total Debt | 593.7 M | ||||
| Debt To Equity | 1.51 % | ||||
| Current Ratio | 1.96 X | ||||
| Book Value Per Share | 7.39 X | ||||
| Cash Flow From Operations | 148.76 M | ||||
| Short Ratio | 2.99 X | ||||
| Earnings Per Share | 0.61 X | ||||
| Price To Earnings To Growth | 4.84 X | ||||
| Target Price | 103.09 | ||||
| Number Of Employees | 3.3 K | ||||
| Beta | 0.94 | ||||
| Market Capitalization | 9.67 B | ||||
| Total Asset | 2.24 B | ||||
| Retained Earnings | (991.61 M) | ||||
| Working Capital | 659.81 M | ||||
| Current Asset | 146.16 M | ||||
| Current Liabilities | 93.19 M | ||||
| Net Asset | 2.24 B |
About Elastic NV Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elastic NV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elastic NV using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elastic NV based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Elastic NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Elastic NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Elastic Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Elastic Nv Stock:Check out Elastic NV Piotroski F Score and Elastic NV Altman Z Score analysis. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elastic NV. If investors know Elastic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elastic NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.61 | Revenue Per Share 13.114 | Quarterly Revenue Growth 0.183 | Return On Assets (0.04) | Return On Equity 0.1042 |
The market value of Elastic NV is measured differently than its book value, which is the value of Elastic that is recorded on the company's balance sheet. Investors also form their own opinion of Elastic NV's value that differs from its market value or its book value, called intrinsic value, which is Elastic NV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elastic NV's market value can be influenced by many factors that don't directly affect Elastic NV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elastic NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elastic NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elastic NV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.