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The Technical Story of e.l.f. Beauty Inc (ELF) Stock

Raymond James lowered the price target for the e.l.f. Beauty Inc (NYSE:ELF) stock from “an Outperform” to “a Strong buy”. The rating was released on October 23, 2023, according to finviz.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of e.l.f. Beauty Inc (NYSE:ELF) raised 0.87% to close Friday’s market session at $112.85, higher as compared to yesterday’s close. The stock price fluctuated between $111.0001 and $117.129 throughout the trading session with the volume trading being 2326117 shares, which represented a significant variation when compared to the three months average volume of 1.51 million shares. The firm’s stock price fluctuated 18.68% within the last five trades and 7.76% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 25.65% in the last 6 months and -5.45% was subtracted to its value over the previous 3 months. ELF stock is trading at a margin of 10.60%, 5.06% and 12.15% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, ELF deals in the Consumer Defensive domain. The stock is trading -19.31 percent below its 52-week high and 134.62 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 83.4. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does e.l.f. Beauty Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 17.26 percent and the profit margin is 15.88 percent, and the company has reported a gross margin of 66.52 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $6.23 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for e.l.f. Beauty Inc (NYSE:ELF) is 52.86. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 36.60. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 8.14 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 11.94, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 4.78 percent of e.l.f. Beauty Inc shares are owned by insiders, and 96.36 percent are held by financial institutions. AMIN TARANG, the Chief Executive Officer at e.l.f. Beauty Inc (ELF) has sold 5,880 shares of firm on Nov 15 at a price of $110.00 against the total amount of $0.65 million. In another inside trade, Levitan Lauren Cooks, Director of e.l.f. Beauty Inc (NYSE:ELF) sold 2,240 shares of the firm on Nov 14 for a total worth of $0.24 million at a price of $107.07. An inside trade which took place on Nov 06, Chief Executive Officer of e.l.f. Beauty Inc AMIN TARANG sold 11,760 shares of firm against total price of $1.16 million at the cost of $98.60 per share.



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