How to buy Elevate Credit stock - 13 April

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How to buy Elevate Credit stock

Own Elevate Credit stock in just a few minutes.

Elevate Credit, Inc is a credit services business based in the US. Elevate Credit shares (ELVT) are listed on the NYSE and all prices are listed in US Dollars. Elevate Credit employs 437 staff and has a trailing 12-month revenue of around USD$465.3 million.

How to buy shares in Elevate Credit

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Elevate Credit. Find the stock by name or ticker symbol: ELVT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Elevate Credit reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Elevate Credit, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Elevate Credit. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Elevate Credit share price

Use our graph to track the performance of ELVT stocks over time.

Elevate Credit shares at a glance

Information last updated 2021-04-08.
52-week rangeUSD$1.15 - USD$4.9
50-day moving average USD$3.9714
200-day moving average USD$3.458
Wall St. target priceUSD$5.05
PE ratio 6.2006
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.496

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Elevate Credit stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Elevate Credit under- or over-valued?

Valuing Elevate Credit stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Elevate Credit's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Elevate Credit's P/E ratio

Elevate Credit's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Elevate Credit shares trade at around 6x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Elevate Credit's EBITDA

Elevate Credit's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$124.1 million.

The EBITDA is a measure of a Elevate Credit's overall financial performance and is widely used to measure a its profitability.

Elevate Credit financials

Revenue TTM USD$465.3 million
Operating margin TTM 25.83%
Gross profit TTM USD$280 million
Return on assets TTM 10.34%
Return on equity TTM 22.6%
Profit margin 4.43%
Book value $4.317
Market capitalisation USD$113.3 million

TTM: trailing 12 months

Shorting Elevate Credit shares

There are currently 369,279 Elevate Credit shares held short by investors – that's known as Elevate Credit's "short interest". This figure is 8.6% down from 404,175 last month.

There are a few different ways that this level of interest in shorting Elevate Credit shares can be evaluated.

Elevate Credit's "short interest ratio" (SIR)

Elevate Credit's "short interest ratio" (SIR) is the quantity of Elevate Credit shares currently shorted divided by the average quantity of Elevate Credit shares traded daily (recently around 576998.4375). Elevate Credit's SIR currently stands at 0.64. In other words for every 100,000 Elevate Credit shares traded daily on the market, roughly 640 shares are currently held short.

However Elevate Credit's short interest can also be evaluated against the total number of Elevate Credit shares, or, against the total number of tradable Elevate Credit shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Elevate Credit's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Elevate Credit shares in existence, roughly 10 shares are currently held short) or 0.0247% of the tradable shares (for every 100,000 tradable Elevate Credit shares, roughly 25 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Elevate Credit.

Find out more about how you can short Elevate Credit stock.

Elevate Credit share dividends

We're not expecting Elevate Credit to pay a dividend over the next 12 months.

Elevate Credit share price volatility

Over the last 12 months, Elevate Credit's shares have ranged in value from as little as $1.15 up to $4.9. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Elevate Credit's is 2.7242. This would suggest that Elevate Credit's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Elevate Credit overview

Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States. It offers unsecured online installment loans, lines of credit, and credit cards. Its products include Rise, an installment loan product; Elastic, a line of credit product; and Today Card, a credit card product. The company was founded in 2014 and is headquartered in Fort Worth, Texas.

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