GIB Stock Summary and Trading Ideas (Cgi | NYSE:GIB)

CGI is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services. Its largest vertical market is government, which contributes more than a third of group revenue.

Cgi trades on the NYSE stock market under the symbol GIB.

As of May 13, 2024, GIB stock price declined to $101.64 with 133,317 million shares trading.

GIB has a beta of 0.90, meaning it tends to be less sensitive to market movements. GIB has a correlation of 0.34 to the broad based SPY ETF.

GIB has a market cap of $23.64 billion. This is considered a Large Cap stock.

Last quarter Cgi reported $3 billion in Revenue and $1.46 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.04.

In the last 3 years, GIB stock traded as high as $118.89 and as low as $72.23.

The top ETF exchange traded funds that GIB belongs to (by Net Assets): DFAI, IGM, DFIC, DIHP, DFAX.

GIB has underperformed the market in the last year with a price return of -1.1% while the SPY ETF gained +27.8%. GIB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.1% and -1.5%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

GIB support price is $101.10 and resistance is $103.58 (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 GIB stock will trade within this expected range on the day.