PRFT Stock Summary and Trading Ideas (Perficient | NASDAQ:PRFT)

Perficient Inc provides a variety of information technology and consulting services that focus on digital experience, business optimization, and IT solutions. The company's services include big data analytics, technology platform implementations, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, business process management, and customer relationship management. It serves the healthcare, financial services, retail, and electronics industries. The vast majority of the company's revenue comes from the United States.

Perficient trades on the NASDAQ stock market under the symbol PRFT.

As of April 19, 2024, PRFT stock price climbed to $44.80 with 368,938 million shares trading.

PRFT has a beta of 1.80, meaning it tends to be more sensitive to market movements. PRFT has a correlation of 0.16 to the broad based SPY ETF.

PRFT has a market cap of $1.57 billion. This is considered a Small Cap stock.

Last quarter Perficient reported $221 million in Revenue and $.99 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.02.

In the last 3 years, PRFT stock traded as high as $153.28 and as low as $43.39.

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

PRFT has underperformed the market in the last year with a price return of -34.1% while the SPY ETF gained +21.2%. PRFT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -36.5% and -13.0%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

PRFT support price is $42.26 and resistance is $45.02 (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 PRFT stock will trade within this expected range on the day.