Elastic Nv Stock Net Income
| ESTC Stock | USD 106.10 0.35 0.33% |
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.
| Last Reported | Projected for Next Year | ||
| Net Loss | -212.5 M | -223.2 M | |
| Net Loss | -212.5 M | -223.2 M | |
| Net Loss | -212.5 M | -223.2 M | |
| Net Loss | (2.84) | (2.98) | |
| Net Income Per E B T | 1.25 | 1.16 |
Elastic | Net Income |
Elastic NV Company Net Income Analysis
Elastic NV's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Elastic NV Net Income | (236.16 M) |
Most of Elastic NV's fundamental indicators, such as Net Income, 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 Net Income 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 Net Income. 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.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Elastic Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Elastic NV reported net income of (236.16 Million). This is 143.82% lower than that of the Software sector and significantly lower than that of the Information Technology industry. The net income for all United States stocks is 141.36% higher than that of the company.
Elastic Net Income 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 Net Income 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 net income category among related companies.
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 | 4.9B | 5.2B | |
| Enterprise Value | 4.8B | 10.1B | 6.8B | 5.4B | 4.8B | 5.0B |
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 | Goldman Sachs Group Inc | 2023-12-31 | 1.7 M | State Street Corporation | 2023-12-31 | 1.3 M | Fidelity International Ltd | 2023-12-31 | 1.3 M | Geode Capital Management, Llc | 2023-12-31 | 1.2 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 M | Alkeon Capital Management, Llc | 2023-12-31 | 1 M | Optimus Prime Fund Management Co., Ltd. | 2023-12-31 | 1 M | Citadel Advisors Llc | 2023-09-30 | 889.3 K | Polar Capital Holdings Plc | 2023-12-31 | 866.2 K | Vanguard Group Inc | 2023-12-31 | 8.6 M | Baillie Gifford & Co Limited. | 2023-12-31 | 7.8 M |
Elastic Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | -0.0403 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | (0.08) % | ||||
| Current Valuation | 10.24 B | ||||
| Shares Outstanding | 100.81 M | ||||
| Shares Owned By Insiders | 17.20 % | ||||
| Shares Owned By Institutions | 84.20 % | ||||
| Number Of Shares Shorted | 3.34 M | ||||
| Price To Earning | (41.15) X | ||||
| Price To Book | 13.85 X | ||||
| Price To Sales | 8.09 X | ||||
| Revenue | 1.07 B | ||||
| Gross Profit | 773.21 M | ||||
| EBITDA | (140.19 M) | ||||
| Net Income | (236.16 M) | ||||
| Cash And Equivalents | 848.76 M | ||||
| Cash Per Share | 8.94 X | ||||
| Total Debt | 594.23 M | ||||
| Debt To Equity | 1.51 % | ||||
| Current Ratio | 1.96 X | ||||
| Book Value Per Share | 7.02 X | ||||
| Cash Flow From Operations | 35.66 M | ||||
| Short Ratio | 3.05 X | ||||
| Earnings Per Share | 0.52 X | ||||
| Price To Earnings To Growth | 0.89 X | ||||
| Target Price | 132.84 | ||||
| Number Of Employees | 3.16 K | ||||
| Beta | 0.94 | ||||
| Market Capitalization | 10.66 B | ||||
| Total Asset | 1.74 B | ||||
| Retained Earnings | (1.05 B) | ||||
| Working Capital | 557.66 M | ||||
| Current Asset | 146.16 M | ||||
| Current Liabilities | 93.19 M | ||||
| Net Asset | 1.74 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.
Elastic NV Investors Sentiment
The influence of Elastic NV's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Elastic. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Elastic NV's public news can be used to forecast risks associated with an investment in Elastic. The trend in average sentiment can be used to explain how an investor holding Elastic can time the market purely based on public headlines and social activities around Elastic NV. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Elastic NV's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Elastic NV's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Elastic NV's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Elastic NV.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Elastic NV in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Elastic NV's short interest history, or implied volatility extrapolated from Elastic NV options trading.
Pair Trading with Elastic NV
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elastic NV position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elastic NV will appreciate offsetting losses from the drop in the long position's value.Moving together with Elastic Stock
| 0.88 | U | Unity Software Aggressive Push | PairCorr |
| 0.72 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against Elastic Stock
| 0.86 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.75 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
| 0.65 | DJCO | Daily Journal Corp | PairCorr |
| 0.52 | BL | Blackline Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Elastic NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elastic NV when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elastic NV - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elastic NV to buy it.
The correlation of Elastic NV is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elastic NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elastic NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Elastic NV can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Elastic Stock analysis
When running Elastic NV's price analysis, check to measure Elastic NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elastic NV is operating at the current time. Most of Elastic NV's value examination focuses on studying past and present price action to predict the probability of Elastic NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elastic NV's price. Additionally, you may evaluate how the addition of Elastic NV to your portfolios can decrease your overall portfolio volatility.
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Is Elastic NV's industry 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 0.52 | Revenue Per Share 12.3 | Quarterly Revenue Growth 0.194 | Return On Assets (0.04) | Return On Equity 0.1027 |
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.