GDDY Stock Summary and Trading Ideas (Godaddy Class A | NYSE:GDDY)

GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.

Godaddy Class A trades on the NYSE stock market under the symbol GDDY.

As of April 19, 2024, GDDY stock price declined to $120.12 with 1,054,730 million shares trading.

GDDY has a beta of 1.62, meaning it tends to be more sensitive to market movements. GDDY has a correlation of 0.45 to the broad based SPY ETF.

GDDY has a market cap of $18.56 billion. This is considered a Large Cap stock.

Last quarter Godaddy Class A reported $1 billion in Revenue and $1.02 earnings per share. This met revenue expectation and missed earnings estimates by -$.02.

In the last 3 years, GDDY stock traded as high as $127.15 and as low as $64.65.

The top ETF exchange traded funds that GDDY belongs to (by Net Assets): IJH, VTI, VO, VXF, USMV.

GDDY has outperformed the market in the last year with a return of +58.6%, while the SPY ETF gained +21.2%. In the last 3 month period, GDDY beat the market returning +11.2%, while SPY returned +3.0%. However, in the most recent 2 weeks GDDY has underperformed the stock market by returning -4.6%, while SPY returned -4.5%.

GDDY support price is $119.51 and resistance is $123.19 (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 GDDY stock will trade within this expected range on the day.