While e.l.f. Beauty Inc has underperformed by -4.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ELF rose by 85.09%, with highs and lows ranging from $221.83 to $83.80, whereas the simple moving average jumped by 21.22% in the last 200 days.
On April 17, 2024, TD Cowen Upgraded e.l.f. Beauty Inc (NYSE: ELF) to Buy. A report published by Robert W. Baird on January 30, 2024, Initiated its previous ‘Neutral’ rating for ELF. Morgan Stanley also Downgraded ELF shares as ‘Equal-Weight’, setting a target price of $168 on the company’s shares in a report dated January 22, 2024. Raymond James October 23, 2023d the rating to Strong Buy on October 23, 2023, and set its price target from $145 to $140. Jefferies October 06, 2023d its ‘Hold’ rating to ‘Buy’ for ELF, as published in its report on October 06, 2023. UBS’s report from September 27, 2023 suggests a price prediction of $138 for ELF shares, giving the stock a ‘Buy’ rating. Stifel also rated the stock as ‘Hold’.
Analysis of e.l.f. Beauty Inc (ELF)
Further, the quarter-over-quarter increase in sales is 84.90%, showing a positive trend in the upcoming months.
In order to gain a clear picture of e.l.f. Beauty Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 25.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.83, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.54M can be a very valuable indicator of volatility for ELF stock. On a monthly basis, the volatility of the stock is set at 5.15%, whereas on a weekly basis, it is put at 6.34%, with a gain of 6.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $206.21, showing growth from the present price of $171.86, which can serve as yet another indication of whether ELF is worth investing in or should be passed over.
How Do You Analyze e.l.f. Beauty Inc Shares?
The USA based company e.l.f. Beauty Inc (ELF) is one of the biggest names in Household & Personal Products. When comparing e.l.f. Beauty Inc shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 76.18, there is a growth in quarterly earnings of 35.46%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.54%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.73% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ELF shares are owned by institutional investors to the tune of 97.73% at present.
