e.l.f. Cosmetics (ELF)

Financial Performance

e.l.f. Cosmetics reported a revenue of $324.5M in the last quarter, which is an increase of 1% from the previous quarter and a significant rise of 50.6% year over year. Gross profit stood at $231.3M, also up by 1.8% QoQ and a substantial growth of 51.8% YoY, reflecting effective cost management and potentially increased pricing power or sales volume growth. The operating income profit was $50.7M, demonstrating an impressive surge by 197.8% from the previous quarter and up by 26.2% YoY, indicating improved operational efficiency and profitability.

Stock Price

The stock price is currently trading at $119 with an upward trend seen in both short-term (up by 8.2% in the last month) and long term (up by 4.6% YoY). Technical indicators suggest a relatively balanced market condition for e.l.f.'s stock with RSI value at around mid-range (56), while it's trading below its long-term average price as indicated by its current price being lower than the 200-day moving average ($162).

Alternative Data Signals

e.l.f.'s web traffic shows strong growth with visitors per month increasing consistently on both MoM (16%) and YoY basis (84%). Mobile app downloads have skyrocketed, suggesting rising popularity or successful marketing efforts leading to increased brand awareness among consumers which could translate into higher sales going forward.
Job openings are also on the rise hinting towards expansion plans or high demand requiring additional manpower.
A positive business outlook reported by majority employees suggests good internal morale & confidence in the company's future. The social media following of e.l.f. is growing across platforms, indicating successful engagement strategies and potentially higher brand visibility.

Conclusion

Overall, based on the financial performance, stock price trend, and alternative data signals, the analysis for e.l.f. Cosmetics' stock appears to be bullish.

Note: This AI Stock Analysis is based on data as of November 21. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of e.l.f. Cosmetics (ELF), currently trading at $127, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.