Investors may be wondering if e.l.f. Beauty’s share price still makes sense at current levels or if the excitement has run ahead of the underlying value. The stock last closed at US$92.05, with a 7 day return of a 2.1% decline, a 30 day return of 8.3%, and a year to date return of 18.3%, while the 1 year return sits at 31.0% and the 3 year return at 22.4%. These moves sit against a backdrop of ongoing investor interest in the brand and its position in the beauty space, with sentiment often…
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