NSIT Stock Summary and Trading Ideas (Insight Enterprises | NASDAQ:NSIT)

Insight Enterprises Inc is a Fortune IT provider engaged in helping businesses of all sizes, large enterprises, governments, schools, and healthcare organizations. The company has three geographic operating segments: North America, EMEA, and APAC. It generates maximum revenue from the North America segment. The company provides digital innovation, cloud/data center transformation, connected workforce, and supply chain optimization solutions and services.

Insight Enterprises trades on the NASDAQ stock market under the symbol NSIT.

As of April 24, 2024, NSIT stock price declined to $184.36 with 161,673 million shares trading.

NSIT has a beta of 0.88, meaning it tends to be less sensitive to market movements. NSIT has a correlation of 0.18 to the broad based SPY ETF.

NSIT has a market cap of $6.01 billion. This is considered a Mid Cap stock.

Last quarter Insight Enterprises reported $2 billion in Revenue and $2.98 earnings per share. This fell short of revenue expectation by $-164 million and missed earnings estimates by -$.08.

In the last 3 years, NSIT stock traded as high as $194.57 and as low as $81.11.

The top ETF exchange traded funds that NSIT belongs to (by Net Assets): IJR, CALF, VTI, VB, IWM.

NSIT has outperformed the market in the last year with a price return of +52.9% while the SPY ETF gained +24.2%. However, in the short term, NSIT had mixed performance relative to the market. It has underperformed in the last 3 months, returning -1.9% vs +4.6% return in SPY. But in the last 2 weeks, NSIT shares have fared better than the market returning -1.0% compared to SPY -2.7%.

NSIT support price is $183.77 and resistance is $188.77 (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 NSIT stock will trade within this expected range on the day.