SSTK Stock Summary and Trading Ideas (Shutterstock | NYSE:SSTK)

Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include licenses for Images, Footage, Music, 3 Dimensional, and Generative AI content. Data, Distribution, and Service offerings address customer demand for products and services that are beyond its Content licenses. The company generates the majority of its revenue from Content offerings. Geographically the company generates the majority of its revenue from the Domestic market.

Shutterstock trades on the NYSE stock market under the symbol SSTK.

As of April 19, 2024, SSTK stock price declined to $40.57 with 9,064 million shares trading.

SSTK has a beta of 2.67, meaning it tends to be more sensitive to market movements. SSTK has a correlation of 0.43 to the broad based SPY ETF.

SSTK has a market cap of $1.44 billion. This is considered a Small Cap stock.

Last quarter Shutterstock reported $217 million in Revenue and $.72 earnings per share. This fell short of revenue expectation by $-7 million and exceeded earnings estimates by $.05.

In the last 3 years, SSTK stock traded as high as $128.36 and as low as $33.80.

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

SSTK has underperformed the market in the last year with a price return of -43.5% while the SPY ETF gained +22.3%. SSTK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.9% and -7.2%, respectively, while the SPY returned +5.3% and -2.6%, respectively.

SSTK support price is $39.83 and resistance is $41.89 (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 SSTK stock will trade within this expected range on the day.