e.l.f. Beauty ( (ELF) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Elf Beauty’s stock has been on the move due to strong performance in the U.S. and success with the Rhode Brand, leading major analysts to raise their price targets. Despite a tough market with weak consumer demand and retailers cutting inventory, analysts remain optimistic about Elf’s potential to outperform. However, the upcoming earnings report on November 6th has created mixed market sentiment, as indicated by a high level of put options activity.
More about e.l.f. Beauty
YTD Price Performance: 17.87%
Average Trading Volume: 1,905,892
Technical Sentiment Signal: Strong Buy
Current Market Cap: $8.23B
For further insights into ELF stock on TipRanks’ Stock Analysis page.
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