In the past week, IT stock has gone up by 2.87%, with a monthly decline of -0.88% and a quarterly plunge of -6.44%. The volatility ratio for the week is 1.85%, and the volatility levels for the last 30 days are 1.92% for Gartner, Inc. The simple moving average for the past 20 days is 2.51% for IT’s stock, with a 4.93% simple moving average for the past 200 days.
Is It Worth Investing in Gartner, Inc. (NYSE: IT) Right Now?
Gartner, Inc. (NYSE: IT) has a higher price-to-earnings ratio of 44.40x compared to its average ratio, The 36-month beta value for IT is at 1.33. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for IT is 75.38M, and currently, shorts hold a 1.58% of that float. The average trading volume for IT on June 19, 2024 was 407.23K shares.
IT) stock’s latest price update
The stock price of Gartner, Inc. (NYSE: IT) has surged by 0.82 when compared to previous closing price of 442.69, but the company has seen a 2.87% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-18 that The distinction of 2024 Gartner Peer Insights Customers’ Choice for Managed IoT Connectivity Services, Worldwide1, reflects ratings from customers and end-users of IoT services. Customers’ Choice vendors meet or exceed both the market average Overall Experience and the market average User Interest and Adoption The distinction of 2024 Gartner Peer Insights Customers’ Choice for Managed IoT Connectivity Services, Worldwide1, reflects ratings from customers and end-users of IoT services. Customers’ Choice vendors meet or exceed both the market average Overall Experience and the market average User Interest and Adoption
Analysts’ Opinion of IT
Many brokerage firms have already submitted their reports for IT stocks, with Deutsche Bank repeating the rating for IT by listing it as a “Hold.” The predicted price for IT in the upcoming period, according to Deutsche Bank is $507 based on the research report published on April 16, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see IT reach a price target of $550, previously predicting the price at $484. The rating they have provided for IT stocks is “Buy” according to the report published on April 11th, 2024.
Jefferies gave a rating of “Hold” to IT, setting the target price at $358 in the report published on October 16th of the previous year.
IT Trading at 1.04% from the 50-Day Moving Average
After a stumble in the market that brought IT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.27% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares sank -2.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.42% lower at present.
During the last 5 trading sessions, IT rose by +2.87%, which changed the moving average for the period of 200-days by +27.63% in comparison to the 20-day moving average, which settled at $434.86. In addition, Gartner, Inc. saw -1.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IT starting from SMITH JAMES C, who sale 10,000 shares at the price of $439.29 back on Jun 06 ’24. After this action, SMITH JAMES C now owns 599,074 shares of Gartner, Inc., valued at $4,392,900 using the latest closing price.
FUCHS ANNE SUTHERLAND, the Director of Gartner, Inc., sale 705 shares at $428.99 during a trade that took place back on Jun 04 ’24, which means that FUCHS ANNE SUTHERLAND is holding 8,524 shares at $302,438 based on the most recent closing price.
Stock Fundamentals for IT
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.68 for the gross margin
The net margin for Gartner, Inc. stands at 0.13. The total capital return value is set at 0.28. Equity return is now at value 133.87, with 10.57 for asset returns.
Based on Gartner, Inc. (IT), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 3.56. The interest coverage ratio of the stock is 9.04.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 1.42. When we switch over and look at the enterprise to sales, we see a ratio of 6.11. The receivables turnover for the company is 3.74for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
In conclusion, Gartner, Inc. (IT) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
