Insight Enterprises Inc (NASDAQ: NSIT) has reported earnings for its second fiscal quarter (ending June 30) of $2.69 versus $2.43 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $9.37 compared to $7.79 a year ago.
Recent Price Action
Insight Enterprises Inc (NASDAQ: NSIT) stock suffered a major decline of -11.9% on 8/1/24. The shares closed at $197.76. Moreover, exceptionally high trading volume at 286% of normal accompanied the decline. The stock has declined -8.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NSIT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Insight Enterprises has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Insight Enterprises has a poor Appreciation Score of 27 but a good Power Rating of 84, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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