Alert: Positive Investment/Fundamental Signals (12/1/23)-Descartes Systems Group Inc (NASDAQ: DSGX)


Significant positive changes in investment behavior have recently occurred for Descartes Systems Group Inc (NASDAQ: DSGX): the stock rose on very heavy volume.

Descartes Systems Group Inc (NASDAQ: DSGX). Meaningful positive changes in fundamentals have recently occurred: the consensus estimate for January, 2024 increased significantly, the consensus estimate for January, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, DSGX is expected to continue to be a Value Builder.

Descartes Systems Group has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Descartes Systems Group has a very low Appreciation Score of 15 but a neutral Power Rating of 55, producing the Negative Value Trend Rating.

Recent Price Action

On 12/1/23, Descartes Systems Group Inc (NASDAQ: DSGX) stock increased 1.6%, closing at $82.34. Moreover, exceptionally high trading volume at 265% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 1.6% during the last week.

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