During the last session, e.l.f. Beauty Inc (NYSE:ELF)’s traded shares were 1.39 million, with the beta value of the company hitting 1.41. At the end of the trading day, the stock’s price was $181.75, reflecting an intraday loss of -1.08% or -$1.99. The 52-week high for the ELF share is $221.83, that puts it down -22.05 from that peak though still a striking 51.32% gain since the share price plummeted to a 52-week low of $88.47. The company’s market capitalization is $10.25B, and the average intraday trading volume over the past 10 days was 1.47 million shares, and the average trade volume was 1.59 million shares over the past three months.
e.l.f. Beauty Inc (ELF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.56. ELF has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.84.
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e.l.f. Beauty Inc (NYSE:ELF) trade information
e.l.f. Beauty Inc (ELF) registered a -1.08% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.08% in intraday trading to $181.75, hitting a weekly high. The stock’s 5-day price performance is 5.31%, and it has moved by -11.95% in 30 days. Based on these gigs, the overall price performance for the year is 38.85%. The short interest in e.l.f. Beauty Inc (NYSE:ELF) is 2.24 million shares and it means that shorts have 1.38 day(s) to cover.
The consensus price target of analysts on Wall Street is $202, which implies an increase of 10.02% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $45 and $258 respectively. As a result, ELF is trading at a discount of -41.95% off the target high and 75.24% off the low.
e.l.f. Beauty Inc (ELF) estimates and forecasts
Statistics show that e.l.f. Beauty Inc has outperformed its competitors in share price, compared to the industry in which it operates. e.l.f. Beauty Inc (ELF) shares have gone up 4.86% during the last six months, with a year-to-date growth rate more than the industry average at 7.55% against -17.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -23.60% this quarter and then drop -6.10% in the quarter after that. In the rating firms’ projections, revenue will increase 26.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 304.68M as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 292.31M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 47.62%. While earnings are projected to return 7.39% in 2024, the next five years will return 16.10% per annum.
e.l.f. Beauty Inc (NYSE:ELF)’s Major holders
e.l.f. Beauty Inc insiders own 2.68% of total outstanding shares while institutional holders control 100.51%, with the float percentage being 103.28%. BLACKROCK INC. is the largest shareholder of the company, while 702.0 institutions own stock in it. As of 2024-03-31, the company held over 6.52 million shares (or 11.822% of all shares), a total value of $1.28 billion in shares.
The next largest institutional holding, with 5.48 million shares, is of VANGUARD GROUP INC’s that is approximately 9.9458% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $1.08 billion.
