Ellie Mae, Inc. (NYSE:ELLI) has a mean price target of $115.33 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.47 a share for the very next quarter and $2.05 for this year.
The technical study of Ellie Mae, Inc. Common Stock demonstrates that the 50-day moving average of Ellie Mae, Inc. (NYSE:ELLI) stock is $96.90, and is trading $-2.42 points away or -2.50% from 50-day moving average of $96.90. It is trading $5.32 or +5.97% away 200-day moving average of $89.16.
The 52-week high of Ellie Mae, Inc. (NYSE:ELLI) was $102.63 while $57.88 is the low mark in the same period. It state Ellie Mae, Inc. Common Stock share price has to surge more than $-8.15 to hit 52-week high or drop +63.23% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Ellie Mae, Inc. Common Stock, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Ellie Mae, Inc. (NYSE:ELLI) ratio came in at 122.70, after dividing current equity price by yearly earnings. Ellie Mae, Inc. Common Stock stock recorded a close of $94.48 in last trading session, registering a market cap of $2.85B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Ellie Mae, Inc. (NYSE:ELLI) PEG ratio is at 1.98.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...