ELF Stock Soars on Bull Note

ELF has tended to make smaller moves than what the options market has priced in

Managing Editor
Feb 4, 2020 at 11:34 AM
facebook X logo linkedin

Cosmetics name e.l.f. Beauty Inc (NYSE:ELF) is moving 5.4% higher this morning, last seen at $17.23 surging on the heels of an upgrade to "overweight" from "neutral" out of Piper Sandler. This was triggered by a TikTok campaign the company had put out in late 2019 called "#elfingamazing," which has since gathered billions of views. ELF is now eyeing its highest open since late-November, pushing above the recent resistance of the $16 level, and the 120-day moving average.

Heading into today, covering brokerage firms looked optimistic, with seven of 11 analysts sporting a "buy" or "strong buy" rating. Even further, the stock's average 12-month price target of $20.72 comes in 20% above current trading levels.

Short interest has been rolling back on the equity, specifically down 4.9% during the most recent reporting period. This accounts for 3.7% of e.l.f. stock's total available float, or just under two days' of pent-up buying buying power.

Worth noting on the heel's of today's surge is ELF has tended to make smaller moves than what the options market has priced in, looking back 12 months. This is per e.l.f. Beauty stock's Schaeffer's Volatility Scorecard (SVS), which sits at a relatively low 17, out of a possible 100.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI