Stock To Watch: Ellie Mae, Inc. (NYSE:ELLI)


The leading market experts have placed a mean price target of $113.71 on Ellie Mae, Inc. (NYSE:ELLI) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.48 a share for the upcoming quarter and $2.06 for the current fiscal.

Technical View

The technical analysis of Ellie Mae, Inc. Common Stock plainly substantiates that the 50-day moving average of Ellie Mae, Inc. Common Stock is $94.71, and stock is trading $3.23 points away or +3.41% from its 50-day moving average of $94.71. Further it is trading $12.72 or +14.93% away its 200-day moving average of $85.22. Ellie Mae, Inc. (NYSE:ELLI) 52-week high is $102.63 and the 52-week low is $57.88.

This explains if the stock moves $-4.69, it will post a 52-week high. In event of +69.21% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Ellie Mae, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ellie Mae, Inc. (NYSE:ELLI) ratio came in at 127.19.

The stock last ended the trading session at $97.94 and registered a market cap of $2.96B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ellie Mae, Inc. (NYSE:ELLI) PEG ratio is at 2.04.

1 Chart Pattern Every Investor Should Know

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