Guidewire Software Inc [GWRE] stock is trading at $120.72, up 0.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GWRE shares have gain 3.98% over the last week, with a monthly amount glided 5.72%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Guidewire to Announce Second Quarter Fiscal Year 2024 Financial Results on March 7, 2024. In a post published today on Yahoo Finance, Guidewire (NYSE: GWRE) announced that it will release its financial results for the fiscal quarter ended January 31, 2024 after market close on Thursday, March 7, 2024. On that day, management will hold a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to review and discuss the Company’s results for the second quarter fiscal year 2024. A recorded version of this webcast will be available two hours after the call and accessible at https://ir.guidewire.com/.
From an analyst’s perspective:
Guidewire Software Inc [NYSE: GWRE] stock has seen the most recent analyst activity on February 01, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $125. Previously, Wells Fargo upgraded its rating to Overweight on December 20, 2023. On December 08, 2023, Oppenheimer reiterated its Outperform rating and revised its price target to $115 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $117 on November 14, 2023. Wells Fargo upgraded its rating to a Equal Weight and raised its price target to $85 on August 31, 2023. Stifel upgraded its rating to Buy for this stock on June 27, 2023, and upped its price target to $85. In a note dated January 23, 2023, Goldman initiated an Buy rating and provided a target price of $88 on this stock.
Guidewire Software Inc [GWRE] stock has fluctuated between $68.45 and $121.68 over the past year. Currently, Wall Street analysts expect the stock to reach $98 within the next 12 months. Guidewire Software Inc [NYSE: GWRE] shares were valued at $120.72 at the most recent close of the market. An investor can expect a potential drop of -18.82% based on the average GWRE price forecast.
Analyzing the GWRE fundamentals
Guidewire Software Inc [NYSE:GWRE] reported sales of 917.47M for the trailing twelve months, which represents a growth of 6.21%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 119.64 points at the first support level, and at 118.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.44, and for the 2nd resistance point, it is at 122.16.
Guidewire Software Inc [GWRE] reported earnings per share of $0 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of $0.18 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.74 per share as compared to estimates of $0.38 per share, a difference of $0.36 representing a surprise of 94.70%.
Ratios To Look Out For
For context, Guidewire Software Inc’s Current Ratio is 3.72. As well, the Quick Ratio is 3.72, while the Cash Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 10.78, the price to book ratio is 8.20.
Transactions by insiders
Recent insider trading involved Cooper Jeffrey Elliott, Chief Financial Officer, that happened on Jan 16 when 458.0 shares were sold. Chief Admin Officer, Gen Couns, King James Winston completed a deal on Jan 11 to sell 1075.0 shares. Meanwhile, President & COO Hung Priscilla sold 2020.0 shares on Dec 20.
