Godaddy Inc (NYSE:GDDY) shares, rose in value, with the stock price up by 3.99% to the previous day’s close as strong demand from buyers drove the stock to $168.04.
Actively observing the price movement in the recent trading, the stock is buoying the session at $161.60, falling within a range of $163.68 and $171.904. The PE ratio was 13.44 over 12-month period. Referring to stock’s 52-week performance, its high was $167.65, and the low was $72.14. On the whole, GDDY has fluctuated by 8.45% over the past month.
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With the market capitalization of Godaddy Inc currently standing at about $23.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.55B, with a low estimate of 1.17B and a high estimate of 1.18B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.18B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GDDY’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.56, with the price of GDDY currently trading nearly 3.72% and 5.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.40, while the 7-day volatility ratio is showing 1.39% which for the 30-day chart, stands at 1.59%. Furthermore, Godaddy Inc (GDDY)’s beta value is 1.12, and its average true range (ATR) is 3.19.
A comparison of Godaddy Inc (GDDY) with its peers suggests the former has fared considerably weaker in the market. GDDY showed an intraday change of 3.99% in today’s session so far, and over the past year, it grew by 129.48%%.
Data on historical trading for Godaddy Inc (NYSE:GDDY) indicates that the trading volumes over the past 10 days have averaged 0.85 and over the past 3 months, they’ve averaged 1.11 million. According to company’s latest data on outstanding shares, there are 142.05 million shares outstanding.
Nearly 0.60% of Godaddy Inc’s shares belong to company insiders and institutional investors own 99.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.0 million shares as on 2024-10-15, resulting in a short ratio of 3.04. According to the data, the short interest in Godaddy Inc (GDDY) stood at 274.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.3 million. The stock has risen by 58.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GDDY stock heading into the next quarter.
