Descartes Systems Group Stock Price on May 29, 2024
| DSGX Stock | USD 94.85 2.06 2.22% |
Below is the normalized historical share price chart for Descartes Systems Group extending back to January 27, 1999. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Descartes Systems stands at 94.85, as last reported on the 1st of May, with the highest price reaching 96.49 and the lowest price hitting 91.70 during the day.
If you're considering investing in Descartes Stock, it is important to understand the factors that can impact its price. We consider Descartes Systems very steady. Descartes Systems secures Sharpe Ratio (or Efficiency) of 0.0517, which denotes the company had a 0.0517% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Descartes Systems Group, which you can use to evaluate the volatility of the firm. Please confirm Descartes Systems' Downside Deviation of 1.5, coefficient of variation of 2604.19, and Mean Deviation of 1.1 to check if the risk estimate we provide is consistent with the expected return of 0.0823%.
At this time, Descartes Systems' Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 1.5 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 66.4 M in 2024. . Price To Sales Ratio is likely to rise to 13.60 in 2024. Price Earnings Ratio is likely to rise to 67.50 in 2024. Descartes Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of January 1999 | 200 Day MA 81.6213 | 50 Day MA 90.5424 | Beta 0.753 |
Descartes |
Sharpe Ratio = 0.0517
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Estimated Market Risk
| 1.59 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Descartes Systems is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Descartes Systems by adding it to a well-diversified portfolio.
Price Book 6.3683 | Enterprise Value Ebitda 34.3087 | Price Sales 13.2696 | Shares Float 84.8 M | Wall Street Target Price 99.24 |
Descartes Systems Valuation on May 29, 2024
It is possible to determine the worth of Descartes Systems on a given historical date. On May 29, 2024 Descartes was worth 92.36 at the beginning of the trading date compared to the closed value of 94.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Descartes Systems stock. Still, in general, we apply an absolute valuation method to find Descartes Systems' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Descartes Systems where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Descartes Systems' related companies.
| Open | High | Low | Close | Volume | |
| 92.93 | 94.06 | 92.75 | 92.79 | 262,268 | |
05/01/2024 | 92.36 | 96.49 | 91.70 | 94.85 | 486,590 |
| Backtest Descartes Systems | | | Descartes Systems History | | | Descartes Systems Valuation | Previous |
Descartes Systems Trading Date Momentum on May 29, 2024
| On May 01 2024 Descartes Systems Group was traded for 94.85 at the closing time. The top price for the day was 96.49 and the lowest listed price was 91.70 . The trading volume for the day was 486.6 K. The trading history from May 1, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.63% . |
Descartes Systems Fundamentals Correlations and Trends
By evaluating Descartes Systems' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Descartes Systems' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Descartes financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Descartes Systems Stock history
Descartes Systems investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Descartes is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Descartes Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Descartes Systems stock prices may prove useful in developing a viable investing in Descartes Systems
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 86.8 M | 66.4 M | |
| Net Income Applicable To Common Shares | 117.6 M | 123.4 M |
Descartes Systems Quarterly Net Working Capital |
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Descartes Systems Stock Technical Analysis
Descartes Systems technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Descartes Systems Period Price Range
Low | May 1, 2024
| High |
92.36 | 94.85 |
Descartes Systems May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Descartes Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Descartes Systems shares will generate the highest return on investment. By undertsting and applying Descartes Systems stock market strength indicators, traders can identify Descartes Systems Group entry and exit signals to maximize returns
Descartes Systems Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Descartes Systems' price direction in advance. Along with the technical and fundamental analysis of Descartes Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Descartes to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0306 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | 0.0427 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Descartes Systems information on this page should be used as a complementary analysis to other Descartes Systems' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Descartes Stock analysis
When running Descartes Systems' price analysis, check to measure Descartes Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Descartes Systems is operating at the current time. Most of Descartes Systems' value examination focuses on studying past and present price action to predict the probability of Descartes Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Descartes Systems' price. Additionally, you may evaluate how the addition of Descartes Systems to your portfolios can decrease your overall portfolio volatility.
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Is Descartes Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Descartes Systems. If investors know Descartes will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Descartes Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.088 | Earnings Share 1.34 | Revenue Per Share 6.735 | Quarterly Revenue Growth 0.184 | Return On Assets 0.0737 |
The market value of Descartes Systems is measured differently than its book value, which is the value of Descartes that is recorded on the company's balance sheet. Investors also form their own opinion of Descartes Systems' value that differs from its market value or its book value, called intrinsic value, which is Descartes Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Descartes Systems' market value can be influenced by many factors that don't directly affect Descartes Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Descartes Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Descartes Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Descartes Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.