Descartes Systems Group Stock Today
| DSGX Stock | USD 90.54 0.36 0.40% |
Performance5 of 100
| Odds Of DistressLess than 1
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Descartes Systems is trading at 90.54 as of the 17th of April 2024; that is -0.4 percent decrease since the beginning of the trading day. The stock's open price was 90.9. Descartes Systems has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Descartes Systems Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of March 2024 and ending today, the 17th of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 26th of January 1999 | Category Technology | Classification Information Technology |
The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. The company was incorporated in 1981 and is headquartered in Waterloo, Canada. The company has 85.18 M outstanding shares of which 502.63 K shares are currently shorted by private and institutional investors with about 2.51 trading days to cover. More on Descartes Systems Group
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Follow Valuation Options Odds of Bankruptcy
Financial Report 29th of May 2024
Descartes Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Descartes Systems' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Descartes Systems or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Edward Ryan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Application Software, Software - Application, Information Technology, Information Technology, Software, Software—Application, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Descartes Systems report their recommendations after researching Descartes Systems' financial statements, talking to executives and customers, or listening in on Descartes Systems' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Descartes Systems. The Descartes consensus assessment is calculated by taking the average forecast from all of the analysts covering Descartes Systems. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Descartes Systems' liquidity, profitability, solvency, and operating efficiency, Descartes Systems Group is performing exceptionally good at the present time. It has a great chance to report excellent financial results in May. Financial strength of Descartes Systems is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Descartes Systems' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Descartes Systems' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Descartes Systems' financial leverage. It provides some insight into what part of Descartes Systems' total assets is financed by creditors.
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Descartes Systems Group (DSGX) is traded on NASDAQ Exchange in USA. It is located in 120 Randall Drive, Waterloo, ON, Canada, N2V 1C6 and employs 27 people. Descartes Systems is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.77 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Descartes Systems's market, we take the total number of its shares issued and multiply it by Descartes Systems's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Descartes Systems conducts business under Software sector and is part of Information Technology industry. The entity has 85.18 M outstanding shares of which 502.63 K shares are currently shorted by private and institutional investors with about 2.51 trading days to cover.
Descartes Systems Group currently holds about 189.03 M in cash with 208.47 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.23.
Check Descartes Systems Probability Of Bankruptcy
Ownership AllocationDescartes Systems retains a total of 85.18 Million outstanding shares. The majority of Descartes Systems Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Descartes Systems to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Descartes Systems. Please pay attention to any change in the institutional holdings of Descartes Systems Group as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Descartes Ownership Details
Descartes Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Descartes Systems jumping above the current price in 90 days from now is about 29.98%. The Descartes Systems Group probability density function shows the probability of Descartes Systems stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1746 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Descartes Systems will likely underperform. Additionally, descartes Systems Group has an alpha of 0.0498, implying that it can generate a 0.0498 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Descartes Systems to move above the current price in 90 days from now is about 29.98 (This Descartes Systems Group probability density function shows the probability of Descartes Stock to fall within a particular range of prices over 90 days) .
Descartes Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Descartes Systems that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Descartes Systems' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Descartes Systems' value.| Instituion | Recorded On | Shares | |
| Bank Of Montreal | 2023-12-31 | 1.5 M | |
| Bmo Capital Markets Corp. | 2023-12-31 | 1.5 M | |
| Geneva Capital Management | 2023-12-31 | 1.5 M | |
| Arrowstreet Capital Limited Partnership | 2023-12-31 | 1.4 M | |
| Norges Bank | 2023-12-31 | 1.1 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 1 M | |
| Franklin Resources Inc | 2023-12-31 | 824.7 K | |
| Td Asset Management Inc | 2023-12-31 | 772.5 K | |
| Riverbridge Partners Llc | 2023-12-31 | 714.9 K | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 7.3 M | |
| Jarislowsky Fraser Ltd | 2023-12-31 | 4.3 M |
Descartes Systems Historical Income Statement
Descartes Systems Group Income Statement is one of the three primary financial statements used for reporting Descartes's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Descartes Systems revenue and expense. Descartes Systems Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Descartes Systems' Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 122.2 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 105.9 M in 2024. View More FundamentalsDescartes Stock Against Markets
Picking the right benchmark for Descartes Systems stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Descartes Systems stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Descartes Systems is critical whether you are bullish or bearish towards Descartes Systems Group at a given time. Please also check how Descartes Systems' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Descartes Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Descartes Systems Corporate Directors
Descartes Systems corporate directors refer to members of a Descartes Systems board of directors. The board of directors generally takes responsibility for the Descartes Systems' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Descartes Systems' board members must vote for the resolution. The Descartes Systems board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Anderson | Independent Director | Profile | |
| Dennis Maple | Independent Director | Profile | |
| Stephen Watt | Lead Independent Director | Profile | |
| Christopher Hewat | Director | Profile |
How to buy Descartes Stock?
Before investing in Descartes Systems, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Descartes Systems. To buy Descartes Systems stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Descartes Systems. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Descartes Systems stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Descartes Systems Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Descartes Systems Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Descartes Systems Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Descartes Stock please use our How to Invest in Descartes Systems guide.
Already Invested in Descartes Systems Group?
The danger of trading Descartes Systems Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Descartes Systems is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Descartes Systems. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Descartes Systems is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Descartes Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Descartes Systems' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Descartes Systems Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Descartes Systems Group Stock: 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.