HCKT Stock Summary and Trading Ideas (Hackett Group | NASDAQ:HCKT)

The Hackett Group Inc is an IP-based executive advisory, strategic consulting, and digital transformation firm. It provides Generative Artificial Intelligence ("Gen AI") strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology. It operates in three segments Oracle Solutions, SAP Solutions, and Global S&BT. It generates the majority of its revenue from the Global S&BT segment in the United States.

Hackett Group trades on the NASDAQ stock market under the symbol HCKT.

As of April 18, 2024, HCKT stock price climbed to $22.47 with 130,578 million shares trading.

HCKT has a beta of 1.05, meaning it tends to be more sensitive to market movements. HCKT has a correlation of 0.28 to the broad based SPY ETF.

HCKT has a market cap of $619.85 million. This is considered a Small Cap stock.

Last quarter Hackett Group reported $72 million in Revenue and $.39 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.02.

In the last 3 years, HCKT stock traded as high as $26.69 and as low as $15.83.

The top ETF exchange traded funds that HCKT belongs to (by Net Assets): VTI, VGT, IWM, VXF, IWO.

HCKT has underperformed the market in the last year with a price return of +21.0% while the SPY ETF gained +22.3%. HCKT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.6% and -4.9%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

HCKT support price is $22.13 and resistance is $22.75 (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 HCKT stock will trade within this expected range on the day.