Should You Buy Elastic NV (ESTC) Stock After it Has Fallen 12.36% in a Week?

Elastic NV (ESTC) stock is lower by 12.36% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Elastic NV has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on ESTC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ESTC Stock Today?

Elastic NV (ESTC) stock is trading at $121.93 as of 9:58 AM on Wednesday, Dec 8, a rise of $5.51, or 4.73% from the previous closing price of $116.42. The stock has traded between $117.58 and $122.92 so far today. Volume today is low. So far 227,840 shares have traded compared to average volume of 1,330,371 shares.

More About Elastic NV

Elastic NV is a search company. It created the Elastic Stack, a powerful set of software products that ingest and store data from any source and in any format, and perform search, analysis, and visualization in milliseconds or less. The company also offers software solutions built on the Elastic Stack that address a wide variety of use cases including app search, site search, enterprise search, logging, metrics, business analytics, and security analytics. Its solution includes Enterprise Search; Observability and Security. Geographically, it derives a majority of revenue from the United States. Click Here to get the full Stock Report for Elastic NV stock.