Guidewire Software Inc (NYSE: GWRE): Up 73.97% In 2024, Outlook Remains Positive

The trading price of Guidewire Software Inc (NYSE:GWRE) floating higher at last check on Wednesday, June 05, closing at $125.54, 16.19% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $125.35 and a 52-week low of $68.45. Over the past month, the stock has gained 7.56% in value.

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Guidewire Software Inc, whose market valuation is $10.46 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest GWRE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that GWRE’s price is currently 5.97% off the SMA20 and 9.02% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.35, and weekly volatility stands at 3.68%. When measured over the past 30 days, the indicator reaches 2.31%. Guidewire Software Inc (NYSE:GWRE)’s beta value is currently sitting at 1.17, while the Average True Range indicator is currently displaying 4.21.

To see how Guidewire Software Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: GWRE stock’s performance was 16.19% at last check in today’s session, and 73.97% in the past year.

An evaluation of the daily trading volume of Guidewire Software Inc (NYSE:GWRE) indicates that the 3-month average is 554.17K.

Currently, records show that 83.32 million of the company’s shares remain outstanding. The insiders hold 1.22% of outstanding shares, whereas institutions hold 99.78%. However, since the stock’s price has seen 15.13% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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