There Is Clear Momentum For e.l.f. Beauty Inc (NYSE: ELF)

e.l.f. Beauty Inc (ELF) concluded trading on Wednesday at a closing price of $164.82, with 4.14 million shares of worth about $682.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.31% during that period and on Wednesday February 7 the price saw a loss of about -4.90%. Currently the company’s common shares owned by public are about 53.77M shares, out of which, 52.70M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 208 times over the past 12 months. They bought 508,982 shares in 31 of the transactions. In 177 selling transactions, insiders dumped 1,010,050 shares.

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Stock saw a price change of 3.32% in past 5 days and over the past one month there was a price change of 9.41%. Year-to-date (YTD), ELF shares are showing a performance of 14.19% which increased to 140.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $67.59 but also hit the highest price of $174.65 during that period. The average intraday trading volume for e.l.f. Beauty Inc shares is 1.44 million. The stock is currently trading 2.96% above its 20-day simple moving average (SMA20), while that difference is up 13.81% for SMA50 and it goes to 39.34% higher than SMA200.

e.l.f. Beauty Inc (NYSE: ELF) currently have 53.77M outstanding shares and institutions hold larger chunk of about 97.82% of that.

The stock has a current market capitalization of $9.10B and its 3Y-monthly beta is at 1.55. PE ratio of stock for trailing 12 months is 73.17, while it has posted earnings per share of $2.25 in the same period. Its PEG reads 2.22 and has Quick Ratio of 0.83 while making debt-to-equity ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ELF, volatility over the week remained 5.60% while standing at 4.45% over the month.

Analysts are in expectations that e.l.f. Beauty Inc (ELF) stock would likely to be making an EPS of $0.27 in the current quarter, while forecast for next quarter EPS is $1.16 and it is $3.43 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.16 which is $0.51 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.42 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 78.05% while it is estimated to increase by 19.30% in next year. EPS is likely to grow at an annualized rate of 32.90% for next 5-years, compared to annual growth of 10.33% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on January 30, 2024 offering a Neutral rating for the stock and assigned a target price of $185 to it.

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