Guidewire Software Inc (NYSE:GWRE) price on current trading day, fall -13.28% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $179.13.
A look at the stock’s price movement, the level at last check in today’s session was $206.57, moving within a range at $176.14 and $193.59. The beta value (5-Year monthly) was 1.186. Turning to its 52-week performance, $209.15 and $95.02 were the 52-week high and 52-week low respectively. Overall, GWRE moved -6.65% over the past month.
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Guidewire Software Inc’s market cap currently stands at around $14.96 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 281.36M for the company’s revenue for the quarter, with a low and high estimate of 269.81M and 287.99M respectively. The average forecast suggests up to a 16.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.16B, representing a 18.56% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GWRE is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 4 recommend GWRE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GWRE’s current price about -9.77% and -6.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.90, while 7-day volatility ratio is 1.74% and 1.67% in the 30-day chart. Further, Guidewire Software Inc (GWRE) has a beta value of 1.20, and an average true range (ATR) of 5.43. Analysts have given the company’s stock an average 52-week price target of $180, forecast between a low of $135 and high of $205. Looking at the price targets, the low is 24.64% off recent price level in today’s trading while to achieve the yearly target high, it has to move -14.44%. Nonetheless, investors will most likely welcome a -0.49% jump to $180 which is the analysts’ median price.
If we refocus on Guidewire Software Inc (NYSE:GWRE), historical trading data shows that trading volumes averaged 0.81 over the past 10 days and 874.04K over the past 3 months. The company’s latest data on shares outstanding shows there are 83.03 million shares.
The 0.63% of Guidewire Software Inc’s shares are in the hands of company insiders while institutional holders own 99.31% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.75 million on 2024-11-15, giving us a short ratio of 2.09. The data shows that as of 2024-11-15 short interest in Guidewire Software Inc (GWRE) stood at 211.0 of shares outstanding, with shares short falling to 1.82 million registered in 2024-10-15. Current price change has pushed the stock 64.28% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GWRE stock continues to rise going into the next quarter.
