SWI Stock Summary and Trading Ideas (Solarwinds | NYSE:SWI)

SolarWinds Corp is a provider of information technology (IT), and management software. Company offers full-stack observability solutions. The company's business is focused on building products that enable technology professionals and leaders to securely monitor and manage the performance of their IT environments, whether on-premises, in the cloud or in hybrid deployments. The products offered are designed to monitor and manage networks, systems, databases and applications across on-premises, multi-cloud and hybrid IT environments without the need for customization or professional services.

Solarwinds trades on the NYSE stock market under the symbol SWI.

As of April 18, 2024, SWI stock price declined to $10.88 with 499,315 million shares trading.

SWI has a beta of 1.12, meaning it tends to be more sensitive to market movements. SWI has a correlation of 0.18 to the broad based SPY ETF.

SWI has a market cap of $1.81 billion. This is considered a Small Cap stock.

Last quarter Solarwinds reported $198 million in Revenue and $.24 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.03.

In the last 3 years, SWI stock traded as high as $37.14 and as low as $7.51.

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

SWI has outperformed the market in the last year with a return of +38.0%, while the SPY ETF gained +22.3%. However, in the most recent history, SWI shares have underperformed the stock market with its stock returning +2.3% in the last 3 month period and -4.2% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

SWI support price is $10.72 and resistance is $11.18 (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 SWI stock will trade within this expected range on the day.