DSGX Stock Summary and Trading Ideas (Descartes Systems Group | NASDAQ:DSGX)

Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

Descartes Systems Group trades on the NASDAQ stock market under the symbol DSGX.

As of December 30, 2024, DSGX stock price climbed to $114.11 with 184,044 million shares trading.

DSGX has a beta of 1.24, meaning it tends to be more sensitive to market movements. DSGX has a correlation of 0.45 to the broad based SPY ETF.

DSGX has a market cap of $9.75 billion. This is considered a Mid Cap stock.

Last quarter Descartes Systems Group reported $169 million in Revenue and $.42 earnings per share. This beat revenue expectation by $5 million and met earnings estimates .

In the last 3 years, DSGX traded as high as $122.88 and as low as $56.19.

The top ETF exchange traded funds that DSGX belongs to (by Net Assets): IGV, PIZ, IGM, RODM, AMID.

DSGX has outperformed the market in the last year with a return of +37.7%, while the SPY ETF gained +24.9%. In the last 3 month period, DSGX beat the market returning +11.7%, while SPY returned +3.3%. However, in the most recent 2 weeks DSGX has underperformed the stock market by returning -4.7%, while SPY returned -2.3%.

DSGX support price is $112.44 and resistance is $115.64 (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 DSGX shares will trade within this expected range on the day.