ELF Stock Summary and Trading Ideas (E.L.F. Beauty | NYSE:ELF)

e.l.f. Beauty Inc is a multi-brand beauty company that offers inclusive, accessible, clean, vegan and cruelty-free cosmetics and skin care products. The Company's mission is to make the best of beauty accessible to every eye, lip, face, and skin concern. The company offers cosmetic accessories for women which include eyeliner, mascara, false eyelashes, lipstick, the foundation for the face, moisturizer, cleanser, and other tools through its stores and e-commerce channels. The products that the company sells are marketed under the e.l.f. Cosmetics, W3LL PEOPLE and Keys Soulcare brands. It carries out sales within the US and internationally, out of which maximum revenue is generated from the US.

E.L.F. Beauty trades on the NYSE stock market under the symbol ELF.

As of November 7, 2024, ELF stock price climbed to $116.07 with 8,709,702 million shares trading.

ELF has a beta of 2.05, meaning it tends to be more sensitive to market movements. ELF has a correlation of 0.17 to the broad based SPY ETF.

ELF has a market cap of $6.54 billion. This is considered a Mid Cap stock.

Last quarter E.L.F. Beauty reported $301 million in Revenue and $.77 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.35.

In the last 3 years, ELF traded as high as $221.83 and as low as $20.49.

The top ETF exchange traded funds that ELF belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

ELF has underperformed the market in the last year with a return of +14.2%, while the SPY ETF gained +38.3%. In the last 3 month period, ELF fell short of the market, returning -36.8%, while SPY returned +14.4%. However, in the most recent 2 weeks ELF has outperformed the stock market by returning +9.9%, while SPY returned +3.0%.

ELF support price is $101.17 and resistance is $107.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ELF shares will trade within this expected range on the day.