PEGA Stock Summary and Trading Ideas (Pegasystems | NASDAQ:PEGA)

Founded in 1983, Pegasystems provides a suite of solutions for customer engagement and business process management. The company's key offering is the Pega Infinity platform, which combines business process management, or BPM, with customer relationship management, or CRM, applications. The company focuses on enterprise-size customers, specifically within the financial, insurance, and healthcare verticals.

Pegasystems trades on the NASDAQ stock market under the symbol PEGA.

As of April 23, 2024, PEGA stock price climbed to $59.30 with 302,981 million shares trading.

PEGA has a beta of 1.37, meaning it tends to be more sensitive to market movements. PEGA has a correlation of 0.15 to the broad based SPY ETF.

PEGA has a market cap of $4.98 billion. This is considered a Mid Cap stock.

Last quarter Pegasystems reported $474 million in Revenue and $1.77 earnings per share. This beat revenue expectation by $61 million and exceeded earnings estimates by $.77.

In the last 3 years, PEGA stock traded as high as $143.66 and as low as $29.05.

The top ETF exchange traded funds that PEGA belongs to (by Net Assets): VTI, VB, BOTZ, VGT, VXF.

PEGA has outperformed the market in the last year with a return of +25.3%, while the SPY ETF gained +24.3%. In the last 3 month period, PEGA beat the market returning +23.9%, while SPY returned +4.9%. However, in the most recent 2 weeks PEGA has underperformed the stock market by returning -4.3%, while SPY returned -2.5%.

PEGA support price is $57.06 and resistance is $59.26 (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 PEGA stock will trade within this expected range on the day.