As of Friday close, Guidewire Software Inc.’s (NYSE:GWRE) stock was up $0.15, moving up 0.19 percent to $79.13. The average number of shares traded per day over the past five days has been 582,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.47 fall in that time frame. In the last twenty days, the average volume was 520,475, while in the previous 50 days, it was 641,552.
Since last month, GWRE stock rose 1.32%. Shares of the company fell to $77.50 on 07/24/23, the lowest level in the past month. A 52-week high of $86.79 was reached on 08/01/23 after having rallying from a 52-week low of $52.08. Since the beginning of this year, GWRE’s stock price has risen by 26.49% or $16.57, and marked a new high 22 times. However, the stock has declined by -8.83% since its 52-week high.
GWRE stock investors should be aware that Guidewire Software Inc. (GWRE) stock had its last reported insider trading activity 59 days ago on Jun 21. Hung Priscilla, the President & COO of the company, disposed of 2,513 shares for $70.18 on Jun 21. It resulted in a $176,362 divestment by the insider. King James Winston sold 1,915 shares at an average price of $70.18 on Jun 21. The insider now owns 32,776 shares following the transaction. On Jun 21, Chief Financial Officer Cooper Jeffrey Elliott sold 1,254 shares at $70.18 apiece. The transaction was valued at $88,006.
Valuation Metrics
The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 7.32, the price-to-book (PB) ratio of 5.42.
Financial Health
In the three months ended April 29, Guidewire Software Inc.’s quick ratio stood at 3.70, while its current ratio was 3.70, 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 April 29 was 0.33, and the total debt-to-equity ratio was 0.33. On the profitability front, the trailing twelve-month gross margin is 46.60% percent. In the year ended April 29, EBITDA margin amounted to -18.16%, whereas operating margins totaled -21.30%. Based on annual data, GWRE earned $352.22 million in gross profit and brought in $812.61 million 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 -8.30%. Return on equity (ROE) for the past 12 months was -12.30%.
In Guidewire Software Inc.’s quarter-end financial report for April 29, it reported total debt of $396.74 million against cash and short-term investments of $421.2 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GWRE’s revenue rose 4.84% to $232.61 million during the quarter, while net income inched up to $207.49 million. While analysts expected Guidewire Software Inc. to report -$0.14 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by 42.90%. During the quarter, the company generated -$49.04 million in EBITDA. The liabilities of Guidewire Software Inc. were 721.42 million at the end of its most recent quarter ended April 29, and its total debt was $439.55 million. The value of shareholders’ equity is $81.44 million.
Technical Picture
This quick technical analysis looks at Guidewire Software Inc.’s (GWRE) price momentum. With a historical volatility rate of 26.28%, the RSI 9-day stood at 35.99% on 18 August.
With respect to its five-day moving average, the current Guidewire Software Inc. price is down by -4.20% percent or -$3.47. At present, GWRE shares trade +0.84% above its 20-day simple moving average and +3.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.27% above its SMA50 and +33.19% above its SMA200.
Stochastic coefficient K was 12.82% and Stochastic coefficient D was 23.71%, while ATR was 1.97. Given the Stochastic reading of 12.36% for the 14-day period, the RSI (14) reading has been calculated as 43.82%. As of today, the MACD Oscillator reading stands at -1.56, while the 14-day reading stands at -2.64.
Analyst Ratings
Stifel upgraded its rating on Guidewire Software Inc. (NYSE: GWRE) to a Buy in a note to investors on June 27, 2023. The analysts firm previously had a Hold rating on the stock.Guidewire Software Inc. (GWRE) has been rated Overweight by analysts. According to 1 brokerage firm, GWRE is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Guidewire Software Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $85.00, the current consensus forecast for the stock is $65.00 – $95.00. Based on these forecasts, analysts predict Guidewire Software Inc. (GWRE) will achieve an average price target of $84.77.
