ASGN Stock Summary and Trading Ideas (Asgn | NYSE:ASGN)

ASGN Inc is a provider of information technology (IT) services and professional solutions, including technology, creative, and digital, across the commercial and government sectors. It operates through two segments, Commercial and Federal Government. The Commercial Segment, which generates the majority of the revenue, provides consulting, creative digital marketing, and permanent placement services to Fortune 1000 clients and mid-market companies. The Federal Government Segment provides mission-critical solutions to the Department of Defense, intelligence agencies, and civilian agencies.

Asgn trades on the NYSE stock market under the symbol ASGN.

As of April 17, 2024, ASGN stock price declined to $94.73 with 293,538 million shares trading.

ASGN has a beta of 0.89, meaning it tends to be less sensitive to market movements. ASGN has a correlation of 0.17 to the broad based SPY ETF.

ASGN has a market cap of $4.40 billion. This is considered a Mid Cap stock.

Last quarter Asgn reported $1 billion in Revenue and $1.45 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.08.

In the last 3 years, ASGN stock traded as high as $131.89 and as low as $63.27.

The top ETF exchange traded funds that ASGN belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

ASGN has underperformed the market in the last year with a price return of +21.4% while the SPY ETF gained +23.0%. ASGN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.0% and -6.1%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

ASGN support price is $92.98 and resistance is $96.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASGN stock will trade within this expected range on the day.