Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Insight Enterprises Inc. (NASDAQ: NSIT) was $173.22 for the day, down -5.12% from the previous closing price of $182.57. In other words, the price has decreased by -$5.12 from its previous closing price. On the day, 0.7 million shares were traded. NSIT stock price reached its highest trading level at $181.95 during the session, while it also had its lowest trading level at $170.6299.
Ratios:
Our analysis of NSIT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.73. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.38.
On February 06, 2023, Sidoti Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $127.
On July 14, 2022, JP Morgan started tracking the stock assigning a Neutral rating and target price of $98.JP Morgan initiated its Neutral rating on July 14, 2022, with a $98 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 27 ’24 when ALLEN RICHARD E sold 10,000 shares for $185.34 per share. The transaction valued at 1,853,399 led to the insider holds 30,647 shares of the business.
Cowley Samuel C sold 7,278 shares of NSIT for $1,365,478 on Feb 27 ’24. The Gen’l Counsel & Secretary now owns 23,009 shares after completing the transaction at $187.62 per share. On Feb 23 ’24, another insider, PUSHOR KATHLEEN S, who serves as the Director of the company, sold 1,790 shares for $185.12 each. As a result, the insider received 331,357 and left with 5,800 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NSIT now has a Market Capitalization of 5636925440 and an Enterprise Value of 6640523776. As of this moment, Insight’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.94, and their Forward P/E ratio for the next fiscal year is 14.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.62 while its Price-to-Book (P/B) ratio in mrq is 3.25. Its current Enterprise Value per Revenue stands at 0.724 whereas that against EBITDA is 13.395.
Stock Price History:
Over the past 52 weeks, NSIT has reached a high of $194.57, while it has fallen to a 52-week low of $117.99. The 50-Day Moving Average of the stock is -6.18%, while the 200-Day Moving Average is calculated to be 4.42%.
Shares Statistics:
NSIT traded an average of 249.18K shares per day over the past three months and 277880 shares per day over the past ten days. A total of 32.59M shares are outstanding, with a floating share count of 32.19M. Insiders hold about 1.23% of the company’s shares, while institutions hold 112.67% stake in the company. Shares short for NSIT as of 1713139200 were 2326544 with a Short Ratio of 9.34, compared to 1710460800 on 2459657. Therefore, it implies a Short% of Shares Outstanding of 2326544 and a Short% of Float of 16.399999.
