NYSE:ESTCSoftware
Has The Market Overreacted To Elastic (ESTC) After A 45% One Year Share Price Slide?
If you are wondering whether Elastic's current share price fairly reflects its long term potential, it helps to start by separating short term noise from what the market is actually pricing in.
Elastic closed at US$61.03, and the stock has seen a 1.3% decline over the last week, a 14.5% decline over the last month, a 15.9% decline year to date, a 45.3% decline over the last year, and a 61.1% decline over the last five years, which may signal that expectations and risk perceptions have...