Descartes Systems Group Inc (NASDAQ:DSGX) shares, rose in value on Friday, March 07, with the stock price down by -1.27% to the previous day’s close as strong demand from buyers drove the stock to $100.42.
Actively observing the price movement in the last trading, the stock closed the session at $101.71. The PE ratio was 61.21 over 12-month period. Referring to stock’s 52-week performance, its high was $124.31, and the low was $87.20. On the whole, DSGX has fluctuated by -14.49% over the past month.
With the market capitalization of Descartes Systems Group Inc currently standing at about $8.59 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 718.53M, with a low estimate of 167.8M and a high estimate of 172.61M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 169.66M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DSGX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.07, with the price of DSGX currently trading nearly -10.78% and -12.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.22, while the 7-day volatility ratio is showing 4.79% which for the 30-day chart, stands at 2.96%. Furthermore, Descartes Systems Group Inc (DSGX)’s beta value is 0.97, and its average true range (ATR) is 3.84.
A comparison of Descartes Systems Group Inc (DSGX) with its peers suggests the former has fared considerably weaker in the market. DSGX showed an intraday change of -1.27% in last session, and over the past year, it grew by 18.28%%.
Data on historical trading for Descartes Systems Group Inc (NASDAQ:DSGX) indicates that the trading volumes over the past 3 months, they’ve averaged 243.78K. According to company’s latest data on outstanding shares, there are 85.61 million shares outstanding.
Nearly 0.37% of Descartes Systems Group Inc’s shares belong to company insiders and institutional investors own 81.59% of the company’s shares. The stock has fallen by -11.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DSGX stock heading into the next quarter.
