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 November 7, 2024, DSGX stock price climbed to $113.34 with 183,171 million shares trading.

DSGX has a beta of 1.05, meaning it tends to be more sensitive to market movements. DSGX has a correlation of 0.37 to the broad based SPY ETF.

DSGX has a market cap of $9.69 billion. This is considered a Mid Cap stock.

Last quarter Descartes Systems Group reported $163 million in Revenue and $.40 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.02.

In the last 3 years, DSGX traded as high as $113.93 and as low as $56.19.

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

DSGX has outperformed the market in the last year with a price return of +51.2% while the SPY ETF gained +37.9%. DSGX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.7% and +8.4%, respectively, while the SPY returned +15.2% and +2.8%, respectively.

DSGX support price is $110.83 and resistance is $114.18 (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.