Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $22.36 on The Descartes Systems Group Inc. (NASDAQ:DSGX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.34 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of The Descartes Systems Group Inc. (NASDAQ:DSGX) stands at 72.82.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For The Descartes Systems Group Inc, the PEG ratio for coming 3-5 years is 3.55.
The technical analysis highlights that The Descartes Systems Group Inc current is trading $1.13 points away or +5.74% from its 50-day moving average of $19.77. Further it is trading $2.03 or +10.78% away its 200-day moving average of $18.87.
The 52-week high of The Descartes Systems Group Inc. (NASDAQ:DSGX) was $21.09 while lowest point recorded in 52-week was $14.59. It implies if stock price makes a movement of over $-0.19, it will record a new 52-week high. In the case of +43.25% drop, it will touch a new 52-week low.
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