III Stock Summary and Trading Ideas (Information Servs Gr | NASDAQ:III)

Information Services Group Inc is a U.S.-based technology insight, market intelligence, and advisory services firm. It principally offers digital transformation services, such as automation and cloud & data analytics; managed governance; network carrier services; technology plan and operations design; changes management; market intelligence & technology research and analysis. It operates in one segment, fact-based sourcing advisory services. Its geographical segments are the Americas, Europe, and Asia-pacific, out of which maximum revenue is derived from Americas.

Information Servs Gr trades on the NASDAQ stock market under the symbol III.

As of April 24, 2024, III stock price declined to $3.50 with 109,968 million shares trading.

III has a beta of 1.22, meaning it tends to be more sensitive to market movements. III has a correlation of 0.28 to the broad based SPY ETF.

III has a market cap of $169.17 million. This is considered a Micro Cap stock.

Last quarter Information Servs Gr reported $66 million in Revenue and $.06 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.03.

In the last 3 years, III stock traded as high as $9.70 and as low as $3.48.

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

III has underperformed the market in the last year with a price return of -26.8% while the SPY ETF gained +24.2%. III has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.9% and -12.3%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

III support price is $3.46 and resistance is $3.66 (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 III stock will trade within this expected range on the day.