Descartes Systems Group Inc (NASDAQ: DSGX) is -9.93% lower on its value in year-to-date trading and has touched a low of $89.00 and a high of $124.31 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 $103.10 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $102.32, the stock is 1.10% and -3.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing -0.75% at the moment leaves the stock -4.11% off its SMA200. DSGX registered 12.57% gain for a year compared to 6-month loss of -4.71%. The firm has a 50-day simple moving average (SMA 50) of $105.6894 and a 200-day simple moving average (SMA200) of $106.71605.
The stock witnessed a 2.25% gain in the last 1 month and extending the period to 3 months gives it a -11.05%, and is 1.56% up 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 2.17% over the week and 3.50% over the month.
Current P/E ratio is 62.37 and Fwd P/E is 45.47. Profit margin for the company is 22.01%. Distance from 52-week low is 14.97% and -17.69% from its 52-week high. The company has generated returns on investments over the last 12 months (10.31%).
with sales reaching $169.98M over the same period.The EPS is expected to grow by 16.33% this year, but quarterly earnings will post 10.62% year-over-year. Quarterly sales are estimated to grow 12.31% in year-over-year returns.
607.0 institutions hold shares in Descartes Systems Group Inc (DSGX), with institutional investors hold 87.82% of the company’s shares. The shares outstanding are 85.61M, and float is at 85.22M with Short Float at 1.26%. Institutions hold 87.80% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 7.29 million shares valued at $705.9 million. The investor’s holdings represent 8.5325 of the DSGX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.19 million shares valued at $309.29 million to account for 3.7385 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 1.55 million shares representing 1.8085 and valued at over $147.43 million, while INVESCO LTD. holds 1.6492 of the shares totaling 1.41 million with a market value of $136.44 million.
