Elastic N.v Intrinsic Stock Value – ELASTIC N.V Shares Gap Up Ahead of Friday Trading, Opening at $65.76
August 10, 2023
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ELASTIC N.V ($NYSE:ESTC) is a software company that offers open source solutions for search, logging, analytics, and security. The company’s products are used by many organizations across the world. On Friday, ELASTIC N.V shares opened at $65.76, which was a significant jump from the closing price of $62.46 the day before. The price increase was likely driven by the recent announcement that the company has formed a partnership with Amazon Web Services to provide product support and services to customers.
Analysts believe that the partnership could help ELASTIC N.V gain a substantial edge in the market as it can now tap into Amazon’s massive customer base. The stock has seen strong performance since its public listing and has been one of the best performing stocks over the past year. As such, investors are keeping a close eye on the stock to see if it can continue to perform well in the coming days.
Market Price
ELASTIC N.V shares experienced a notable gap up on Friday, with the stock opening at $65.76, up from the previous closing price of $63.2. This price surge was driven by investors’ anticipation of the release of its earnings report on Friday. The stock closed the day at $62.4, down 1.7% from the previous closing price of $63.5.
Analysts are optimistic about ELASTIC N.V’s future performance and expect that the company will release positive earnings results. The stock is expected to make further gains in the coming weeks, depending on the actual earnings results. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Elastic N.v. More…
| Total Revenues | Net Income | Net Margin |
| 1.07k | -236.16 | -20.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Elastic N.v. More…
| Operations | Investing | Financing |
| 35.66 | -272.95 | 17.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Elastic N.v. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.74k | 1.34k | 4.1 |
Key Ratios Snapshot
Some of the financial key ratios for Elastic N.v are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.7% | – | -17.9% |
| FCF Margin | ROE | ROA |
| 3.1% | -30.6% | -6.9% |
Analysis – Elastic N.v Intrinsic Stock Value
At GoodWhale, we have conducted a comprehensive analysis of ELASTIC N.V‘s fundamentals and have arrived at a fair value of $137.6 per share for the company. Our proprietary Valuation Line was used to make this calculation. Currently, ELASTIC N.V stock is trading at $62.4, which implies it is undervalued by 54.7%. This presents an opportunity for investors to take advantage of the price discrepancy and invest in the company. More…
Peers
Elastic NV provides open source data analysis and search software. The company’s products include Elastic Stack, a set of software products that ingest and store data from any source and in any format, as well as perform search, analysis, and visualization. The company’s products are used by businesses of all sizes, including Adobe, Cisco, eBay, Goldman Sachs, Microsoft, Netflix, The New York Times, and Yelp. Elastic NV has a significant presence in the data analysis and search market, with a market share of 18.4%. The company’s primary competitors are Datadog Inc, MongoDB Inc, and KLDiscovery Inc.
– Datadog Inc ($NASDAQ:DDOG)
Datadog Inc is a provider of monitoring and analytics solutions for cloud-scale applications. The company’s solutions include a data collection agent, a unified platform for searching and analyzing data, and a machine learning-based alerts engine. Datadog’s platform is used by companies in a variety of industries, including technology, e-commerce, media, and financial services.
Datadog Inc has a market cap of 25.88B as of 2022. The company’s return on equity is 1.8%. Datadog’s platform is used by companies in a variety of industries, including technology, e-commerce, media, and financial services.
– MongoDB Inc ($NASDAQ:MDB)
MongoDB Inc is a company that provides a database software platform. The company has a market cap of 13.05B as of 2022 and a Return on Equity of -32.06%. The company’s products are used by organizations in various industries for data management, analysis, and deployment of applications.
– KLDiscovery Inc ($OTCPK:KLDI)
KLDiscovery, Inc. is a global provider of technology-enabled discovery and data recovery solutions. The company helps law firms, corporations, government agencies and other organizations find, collect and manage data. The company’s services include eDiscovery, managed services, data recovery and consulting. KLDiscovery, Inc. is headquartered in Washington, D.C.
Summary
Elastic N.V. is a Netherlands-based enterprise search provider that recently began trading on the US stock market. On the opening day of trading, the stock gapped up from $62.46 to $65.76, indicating a strong demand for the stock. Analysts believe that Elastic’s business model of offering enterprise search solutions could be attractive to many investors.
The company offers an array of enterprise and consumer search products, including Elasticsearch, Kibana, Beats, and Logstash. Elastic is also continuing to invest in research and development in order to expand its product offerings.
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