Get the Latest Elf Stock Quote and Market Trends

To get the latest Elf stock quote and market trends, you can check the NASDAQ website, where Elf shares are listed under the ticker symbol ELF.

Elf's stock price has been on the rise, with a 52-week high of $44.23.

The company's market capitalization is around $2.5 billion, giving it a significant presence in the market.

Elf's stock has shown a volatility of 25% over the past year, which is relatively high compared to the industry average.

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e.l.f. Beauty's revenue in 2023 was $1.02 billion, a 76.89% increase from the previous year.

This significant growth is a testament to the company's strong financial performance. The company's earnings also saw a substantial increase, rising to $127.66 million in 2023.

This increase in earnings is even more impressive considering it's a 107.48% jump from the previous year. The company's financials are clearly on the rise.

Analysts are also optimistic about e.l.f. Beauty's stock, with an average rating of "Strong Buy" from 16 analysts. This suggests a high level of confidence in the company's future prospects.

The 12-month stock price forecast is $164.0, representing a 54.48% increase from the latest price. This could be a promising opportunity for investors looking to get in on the action.

Elfs stock quote is influenced by various market trends, and understanding these trends is crucial for making informed investment decisions.

The overall stock market has been experiencing a steady growth, with the S&P 500 index increasing by 10% over the past year.

This growth is largely driven by the tech sector, which has seen a significant surge in recent years, with companies like Amazon and Microsoft experiencing rapid expansion.

The tech sector now accounts for over 25% of the total market capitalization of the S&P 500 index.

The rise of e-commerce and digital payments has been a key factor in the growth of tech companies, with online shopping increasing by 15% in the past year alone.

Investors are also looking to emerging markets, such as Asia and Latin America, which are expected to experience high growth rates in the coming years.

These emerging markets are expected to contribute significantly to global economic growth, with some estimates suggesting they could account for up to 50% of global GDP by 2030.

The technical analysis of e.l.f. Beauty's stock is looking up. The company's stock price has formed a Head and Shoulders pattern, which implies that the worst is over.

This pattern is a reversal signal, indicating that the stock is likely to bounce back. The convergence of the beauty category with the health and wellness segment has increased the addressable market for all players, according to Goldman Sachs.

The beauty industry has seen a significant shift towards health and wellness products, creating new opportunities for e.l.f. Beauty. This trend is expected to continue, driving growth for the company.

Investors should take note of this positive trend and consider upgrading their rating on e.l.f. Beauty to Buy.

Delayed Data can be a real challenge for investors. The NYSE data for our example stock is delayed until 04:00 PM ET, which is why we're seeing the after-market price of $106.29.

This delayed data can be frustrating, but it's essential to know that it's not uncommon. After-market hours can be busy, and data may take time to update. The current price is actually $106.29, with a gain of +0.13 (0.12%) as of 6:24 PM ET.

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To make informed decisions, it's crucial to stay up-to-date with the latest data. But in the meantime, we can look at the Zacks Rank, which serves as a timeliness indicator for stocks over the next 1 to 3 months.

Here's a breakdown of the Zacks Rank scores:

As you can see, a Strong Buy (Zacks Rank #1) has a significantly higher annualized return compared to a Sell (Zacks Rank #4) or a Strong Sell (Zacks Rank #5).

e.l.f. Beauty's revenue has seen a significant increase, rising to $1.02 billion in 2023, a 76.89% jump from the previous year's $578.84 million.

This impressive growth is part of a larger trend, with e.l.f. Beauty's revenue increasing by over 350% since 2019, driven by low manufacturing costs, innovative marketing, and strong product innovation.

The company's earnings have also seen a substantial boost, reaching $127.66 million in 2023, a 107.48% increase from the previous year.

Despite a pullback in the stock price in 2024, the company's growth outlook remains attractive, according to Morgan Stanley.