10-May-2024
IBM and SAP to expand collaboration to build new genAI capabilities
Seeking Alpha News (Wed, 8-May 11:08 AM ET)
PRNewswire (Wed, 8-May 10:00 AM ET)
Danfoss Selects RISE with SAP and HPE GreenLake to Accelerate Sustainable Cloud Journey
Business Wire (Wed, 24-Apr 4:00 AM ET)
PRNewswire (Mon, 22-Apr 4:05 PM ET)
SAP Unveils AI-Driven Supply-Chain Innovations to Transform Manufacturing
PRNewswire (Mon, 22-Apr 3:00 AM ET)
Deutsche Telekom Chooses RISE with SAP in Cloud Transformation
PRNewswire (Thu, 21-Mar 5:00 AM ET)
PRNewswire (Mon, 18-Mar 6:00 PM ET)
PRNewswire (Wed, 6-Mar 9:00 AM ET)
PRNewswire (Thu, 29-Feb 7:11 AM ET)
SAP Proposes Dividend of 2.20 per Share
PRNewswire (Wed, 21-Feb 4:15 PM ET)
Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.
Sap Se Ads trades on the NYSE stock market under the symbol SAP.
As of May 10, 2024, SAP stock price declined to $190.05 with 509,679 million shares trading.
SAP has a beta of 1.12, meaning it tends to be more sensitive to market movements. SAP has a correlation of 0.35 to the broad based SPY ETF.
SAP has a market cap of $222.28 billion. This is considered a Mega Cap stock.
Last quarter Sap Se Ads reported $9 billion in Revenue and $.88 earnings per share. This beat revenue expectation by $173 million and missed earnings estimates by -$.23.
In the last 3 years, SAP stock traded as high as $199.29 and as low as $78.22.
The top ETF exchange traded funds that SAP belongs to (by Net Assets): EAGL, SKYY, APIE, AVDE, PID.
SAP has outperformed the market in the last year with a return of +42.6%, while the SPY ETF gained +27.8%. In the last 3 month period, SAP beat the market returning +4.7%, while SPY returned +4.2%. However, in the most recent 2 weeks SAP has underperformed the stock market by returning +2.1%, while SPY returned +2.5%.
SAP support price is $189.25 and resistance is $194.73 (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 SAP stock will trade within this expected range on the day.