The Descartes Systems Group Inc. (NASDAQ: DSGX) is -23.49% lower on its value in year-to-date trading and has touched a low of $56.19 and a high of $91.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DSGX stock was last observed hovering at around $62.20 in the last trading session, with the day’s gains setting it 1.06% off its average median price target of $72.50 for the next 12 months. It is also 25.58% off the consensus price target high of $85.00 offered by 12 analysts, but current levels are -2.03% lower than the price target low of $62.00 for the same period.
Currently trading at $63.26, the stock is 1.04% and 3.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 1.70% at the moment leaves the stock -12.27% off its SMA200. DSGX registered -9.03% loss for a year compared to 6-month loss of -15.55%. The firm has a 50-day simple moving average (SMA 50) of $61.43 and a 200-day simple moving average (SMA200) of $72.01.
The stock witnessed a 4.96% gain in the last 1 month and extending the period to 3 months gives it a -1.09%, and is -4.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.98% over the week and 3.32% over the month.
The Descartes Systems Group Inc. (DSGX) has around 1813 employees, a market worth around $5.37B and $442.20M in sales. Current P/E ratio is 60.02 and Fwd P/E is 47.46. Profit margin for the company is 20.60%. Distance from 52-week low is 12.59% and -30.78% from its 52-week high. The company has generated returns on investments over the last 12 months (8.70%).
The Descartes Systems Group Inc. (DSGX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Descartes Systems Group Inc. (DSGX) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The Descartes Systems Group Inc. is expected to release its quarterly report on 09/07/2022.The EPS is expected to grow by 64.80% this year.
The Descartes Systems Group Inc. (DSGX) Top Institutional Holders
The shares outstanding are 84.77M, and float is at 84.48M with Short Float at 0.27%.
The Descartes Systems Group Inc. (DSGX) Insider Activity
A total of 7 insider transactions have happened at The Descartes Systems Group Inc. (DSGX) in the last six months, with sales accounting for 2 and purchases happening 5 times.
The Descartes Systems Group Inc. (DSGX): Who are the competitors?
The company’s main competitors (and peers) include Oracle Corporation (ORCL) that is trading -21.33% down over the past 12 months and American Software Inc. (AMSWA) that is -25.06% lower over the same period. Manhattan Associates Inc. (MANH) is -22.62% down on the 1-year trading charts. Short interest in the company’s stock has risen 0.05% from the last report on Apr 28, 2022 to stand at a total of 0.23 million short shares sold with a short interest ratio of 1.1.