How Analysts Feel About Insight Enterprises Inc. (NSIT)?


As of Wednesday close, Insight Enterprises Inc.’s (NASDAQ:NSIT) stock was up $0.68, moving up 0.66 percent to $104.21. The average number of shares traded per day over the past five days has been 321,420 shares. 5 times new highs have been achieved over the past 5 days, with a $3.44 gain in that time frame. In the last twenty days, the average volume was 295,895, while in the previous 50 days, it was 296,374.

Since last month, NSIT stock rose 13.39%. Shares of the company fell to $88.02 on 10/24/22, the lowest level in the past month. A 52-week high of $111.02 was reached on 01/05/22 after having rallying from a 52-week low of $81.11. Since the beginning of this year, NSIT’s stock price has dropped by -2.24% or -$2.39, and marked a new high 3 times. However, the stock has declined by -6.13% since its 52-week high.

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NSIT stock investors should be aware that Insight Enterprises Inc. (NSIT) stock had its last reported insider trading activity 10 days ago on Nov 14. CROWN TIMOTHY A, the Director of the company, purchased of 1,250 shares for $100.06 on Nov 14. It resulted in a $125,074 investment by the insider. BRYAN GLYNIS sold 3,500 shares at an average price of $99.88 on Nov 14. The insider now owns 76,776 shares following the transaction. On Nov 10, Director CROWN TIMOTHY A bought 1,250 shares at $98.46 apiece. The transaction was valued at $123,080.

Valuation Metrics

Right now, Insight Enterprises Inc. (NSIT) has a P/E ratio of about 14.44. The stock’s beta is 1.59. Besides these, the trailing price-to-sales (P/S) ratio of 0.34, the price-to-book (PB) ratio of 2.25.

Financial Health

In the three months ended June 29, Insight Enterprises Inc.’s quick ratio stood at 1.50, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.48, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 15.30% percent. In the year ended June 29, operating margins totaled 3.70%. Based on annual data, NSIT earned $1.45 billion in gross profit and brought in $9.44 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.80%. Return on equity (ROE) for the past 12 months was 16.90%.

In Insight Enterprises Inc.’s quarter-end financial report for June 29, it reported total debt of $783.72 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NSIT’s revenue rose 3.43% to $2.74 billion during the quarter, while net income inched up to $2.53 billion. While analysts expected Insight Enterprises Inc. to report $2.06 quarterly earnings, the actual figure was $2.78 per share, beating the consensus estimate by 35.00%. During the quarter, the company generated $107.34 million in EBITDA. The liabilities of Insight Enterprises Inc. were 3.38 billion at the end of its most recent quarter ended June 29, and its total debt was $1.31 billion. The value of shareholders’ equity is $34.83 million.

Technical Picture

This quick technical analysis looks at Insight Enterprises Inc.’s (NSIT) price momentum. With a historical volatility rate of 6.30%, the RSI 9-day stood at 88.82% on 23 November.

With respect to its five-day moving average, the current Insight Enterprises Inc. price is up by +3.41% percent or $3.44. At present, NSIT shares trade +12.30% above its 20-day simple moving average and +21.74% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.75% above its SMA50 and +8.79% above its SMA200.

Stochastic coefficient K was 96.70% and Stochastic coefficient D was 95.92%, while ATR was 2.14. Given the Stochastic reading of 97.36% for the 14-day period, the RSI (14) reading has been calculated as 82.48%. As of today, the MACD Oscillator reading stands at 1.82, while the 14-day reading stands at 3.71.


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