Elevate Credit, Inc. (NYSE:ELVT) Down Almost -28.19% in 1 Month, But Long Term Looking Good

In recent trading session, Elevate Credit, Inc. (NYSE:ELVT) saw 3,068,339 shares changing hands at last check today with its beta currently measuring 2.83. Company’s recent per share price level of $2.97 trading at -$0.73 or -19.73% at last check today assigns it a market valuation of $115.31 Million. That most recent trading price of ELVT’s stock is at a discount of -64.98% from its 52-week high price of $4.9 and is indicating a premium of 70.03% from its 52-week low price of $0.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 398.02 Million shares which gives us an average trading volume of 428.54 Million if we extend that period to 3-months.

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For Elevate Credit, Inc. (ELVT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.7. Splitting up the data highlights that, out of 4 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.18 in the current quarter.

Elevate Credit, Inc. (NYSE:ELVT) trade information

In the face of being in the red today for losing -19.73%, in the last five days ELVT remained trading in the green while hitting it’s week-highest on Monday, Mar 22 when the stock touched $4.17-2 price level, adding 29.74% to its value on the day. Elevate Credit, Inc.’s shares saw a change of -26.57% in year-to-date performance and have moved -29.4% in past 5-day. Elevate Credit, Inc. (NYSE:ELVT) showed a performance of -28.19% in past 30-days. Number of shares sold short was 369.28 Million shares which calculate 0.86 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $5.05 to the stock, which implies a rise of 70.03% to its recent value today. Analysts have been projecting $4.5 as a low price target for the stock while placing it at a high target of $5.6. It follows that stock’s price at last check today has to jump +88.55% in reaching the projected high whereas dropping to the targeted low would mean a loss of 51.52% for stock’s latest value.

Elevate Credit, Inc. (ELVT) estimates and forecasts

Statistics highlight that Elevate Credit, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +69.72% of value to its shares in past 6 months, showing an annual growth rate of -63.22% while that of industry is 5.2. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 263.6% in the current quarter and calculating -95% decline in the next quarter. This year revenue growth is estimated to drop -12.2% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $96.3 Million for the same. And 4 analysts are in estimates of company making revenue of $95.38 Million in the next quarter that will end on June 01, 2021.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 28.6% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 46.7% while estimates for its earnings growth in next 5 years are of -1.22%


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Elevate Credit, Inc. (NYSE:ELVT)’s Major holders

Insiders are in possession of 32.16% of company’s total shares while institution are holding 61.6% percent of that, with stock having share float percentage of 90.81%. Investors also watch the number of corporate investors in a company very closely, which is 75 institutions for Elevate Credit, Inc. that are currently holding shares of the company. Requisite Capital Management, LLC is the top institutional holder at ELVT for having 2.27 Million shares of worth $9.04 Million. And as of December 30, 2020, it was holding 6.15% of the company’s outstanding shares.

The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 1.35 Million shares on December 30, 2020. The number of shares represents firm’s hold over 3.67% of outstanding shares, having a total worth of $5.4 Million.

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On the other hand, Vanguard Total Stock Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Fund are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 1078391 shares of worth $4.3 Million or 2.93% of the total outstanding shares. The later fund manager was in possession of 418.7 Thousand shares on December 30, 2020, making its stake of worth around $1.67 Million in the company or a holder of 1.14% of company’s stock.

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