Why elf Beauty Inc’s (ELF) Stock Is Down 5.61% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate elf Beauty Inc before investing.

In this article, we go over a few key elements for understanding elf Beauty Inc’s stock price such as:

Before we jump into elf Beauty Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

e.l.f. Beauty, Inc. is a multi-brand beauty company. The Company offers inclusive, accessible, clean, vegan, and cruelty-free cosmetics and skincare products. The Company's family of brands includes e.l.f. Cosmetics, e.l.f. SKIN, Naturium, Well People and Keys Soulcare. Its e.l.f. SKIN is an ingredient-focused, dermatologist-developed formula for every eye, lip, face and skin concern. The Company operates across beauty categories including eye, lip, and face makeup, beauty tools and accessories, and skincare products. Its color cosmetics and skin care products are broadly sold through food, drug, and mass channels, as well as through department stores and direct and specialty channels. The Company's brands are available online and across beauty, mass market and specialty retailers in the United States and internationally. The Company sell its products online through its own direct e-commerce channels, as well as through other e-commerce Websites.

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As of July 29, 2024, 4:00 PM, CST, elf Beauty Inc’s stock price was $172.57.

elf Beauty Inc is down 5.61% from its previous closing price of $182.82.

During the last market session, elf Beauty Inc’s stock traded between $173.82 and $183.33. Currently, there are 55.48 million shares of elf Beauty Inc stock available for purchase.

elf Beauty Inc’s price-earnings (P/E) ratio is currently at 82.4, which is high compared to the Retailers - Miscellaneous Specialty industry median of 20.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

elf Beauty Inc’s (ELF) price is currently down 18.1% so far this month.

During the month of July, elf Beauty Inc’s stock price has reached a high of $219.77 and a low of $164.55.

Over the last year, elf Beauty Inc has hit prices as high as $221.83 and as low as $88.47. Year to date, elf Beauty Inc’s stock is up 212.06%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 26, 2024, there were 3 analysts who downgraded elf Beauty Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate elf Beauty Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on elf Beauty Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

elf Beauty Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about elf Beauty Inc (ELF) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 26, 2024, elf Beauty Inc has a weighted four-quarter relative price strength of 5.83%, which translates to a Momentum Score of 79 and is considered to be Strong.

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As of July 29, 2024, elf Beauty Inc’s stock price is $172.57, which is down 5.61% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like elf Beauty Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.