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 May 21, 2024, GDDY stock price climbed to $138.87 with 571,317 million shares trading.

GDDY has a beta of 1.61, meaning it tends to be more sensitive to market movements. GDDY has a correlation of 0.49 to the broad based SPY ETF.

GDDY has a market cap of $19.72 billion. This is considered a Large Cap stock.

Last quarter Godaddy Class A reported $1 billion in Revenue and $.99 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.03.

In the last 3 years, GDDY stock traded as high as $139.21 and as low as $64.65.

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

GDDY has outperformed the market in the last year with a price return of +94.1% while the SPY ETF gained +28.5%. GDDY has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +27.5% and +8.2%, respectively, while the SPY returned +7.3% and +2.9%, respectively.

GDDY support price is $136.06 and resistance is $139.86 (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.