INFY Stock Summary and Trading Ideas (Infosys Limited American Depositary Shares | NYSE:INFY)

Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service (BPaaS).

Infosys Limited American Depositary Shares trades on the NYSE stock market under the symbol INFY.

As of April 25, 2024, INFY stock price declined to $17.00 with 3,110,020 million shares trading.

INFY has a beta of 0.66, meaning it tends to be less sensitive to market movements. INFY has a correlation of 0.13 to the broad based SPY ETF.

INFY has a market cap of $70.36 billion. This is considered a Large Cap stock.

Last quarter Infosys Limited American Depositary Shares reported $5 billion in Revenue and $.23 earnings per share. This beat revenue expectation by $44 million and exceeded earnings estimates by $.06.

In the last 3 years, INFY stock traded as high as $26.39 and as low as $14.71.

The top ETF exchange traded funds that INFY belongs to (by Net Assets): CIBR, SPEM, VEU, FVD, AVEM.

INFY has underperformed the market in the last year with a price return of +17.6% while the SPY ETF gained +22.5%. INFY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.0% and -5.6%, respectively, while the SPY returned +3.1% and -3.0%, respectively.

INFY support price is $16.82 and resistance is $17.26 (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 INFY stock will trade within this expected range on the day.