Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $113.71 on Ellie Mae, Inc. (NYSE:ELLI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.05 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Ellie Mae, Inc. (NYSE:ELLI) stands at 126.09.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Ellie Mae, Inc. Common Stock, the PEG ratio for coming 3-5 years is 2.03.
The technical analysis highlights that Ellie Mae, Inc. Common Stock current is trading $0.46 points away or +0.48% from its 50-day moving average of $96.63. Further it is trading $8.99 or +10.20% away its 200-day moving average of $88.10.
The 52-week high of Ellie Mae, Inc. (NYSE:ELLI) was $102.63 while lowest point recorded in 52-week was $57.88. It implies if stock price makes a movement of over $-5.54, it will record a new 52-week high. In the case of +67.74% drop, it will touch a new 52-week low.
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