SAIC Stock Summary and Trading Ideas (Science Applications Intl | NASDAQ:SAIC)

Science Applications International Corp provides technical, engineering, and enterprise IT services mainly to the U.S. government. Specifically, the company offers engineering, systems integration, and information technology for large government projects and a broad range of services with an emphasis on higher-end technology services. The company's end-to-end enterprise IT offerings span the entire spectrum of customers' IT infrastructure.

Science Applications Intl trades on the NASDAQ stock market under the symbol SAIC.

As of April 18, 2024, SAIC stock price declined to $123.18 with 194,348 million shares trading.

SAIC has a beta of 0.79, meaning it tends to be less sensitive to market movements. SAIC has a correlation of 0.15 to the broad based SPY ETF.

SAIC has a market cap of $6.36 billion. This is considered a Mid Cap stock.

Last quarter Science Applications Intl reported $2 billion in Revenue and $1.43 earnings per share. This beat revenue expectation by $97 million and missed earnings estimates by -$.03.

In the last 3 years, SAIC stock traded as high as $145.17 and as low as $78.10.

The top ETF exchange traded funds that SAIC belongs to (by Net Assets): VTI, IJH, CIBR, VB, VBR.

SAIC has underperformed the market in the last year with a price return of +15.8% while the SPY ETF gained +22.2%. SAIC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.0% and -4.6%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

SAIC support price is $122.99 and resistance is $126.37 (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 SAIC stock will trade within this expected range on the day.