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How to Buy Descartes Systems Group Stock

Descartes Systems Group Inc

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide.

Descartes Systems Group stock last closed at $90.13, down 0.45% from the previous day, and has increased 12.9% in one year. It has underperformed other stocks in the Software - Application industry by 0.06 percentage points. Descartes Systems Group stock is currently +29.52% from its 52-week low of $69.59, and -4.66% from its 52-week high of $94.54.

There are currently 85.07M DSGX shares outstanding. The market capitalization of DSGX is $7.67B. In the past 24 hours, 198,493 DSGX shares were traded.

How to Buy Descartes Systems Group Stock

Wondering how to invest in Descartes Systems Group stock? Here's how.
  1. Choose where to buy Descartes Systems Group stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Descartes Systems Group stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your method of payment and add your information.
  4. Research Descartes Systems Group stock: The Descartes Systems Group ticker symbol is DSGX. Is Descartes Systems Group stock a good investment? Should you buy shares of DSGX? How do DSGX's underlying business fundamentals look? Do top analysts think Descartes Systems Group is a good buy? Why has DSGX's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if DSGX is a good stock to buy).
  5. Make your DSGX buy order: Decide if you will purchase DSGX shares at the current market price or use a limit order to buy DSGX stock at a particular price.
  6. Get the latest scoop on your DSGX investment: Create a watchlist to key updates about your new investment in Descartes Systems Group shares.

Step 1: Choose where to buy Descartes Systems Group stock

You will need a brokerage account to access the NASDAQ market and buy DSGX stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked the best brokerage, you need to fill out some personal details so you are able to buy DSGX today.

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Step 3: Put funds into your brokerage account

Now that you have finished signing up on one of the most highly reviewed stock trading apps, you need to deposit funds:

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Step 4: Research Descartes Systems Group stock

Once you have selected the best place to buy Descartes Systems Group stock, it's absolutely critical to evaluate their stock prior to buying, so you can wrap your head around the risk as well as the opportunity.

Descartes Systems Group quick stats

DSGX Price
$90.13
1w %
0.09%
1y %
12.9%
5y %
139.01%
P/E
66.27x
P/B
6.19x
P/S
13.38x
PEG
3.35x
Revenue
$572.93M
Earnings
$115.91M
Fore. Rev. Growth
10.46%
Fore. Earn. Growth
N/A
Market Cap
$7.67B
Next Earnings
May 29, 2024
Next Dividend
N/A

Descartes Systems Group Overview

WallStreetZen was created to help average investors perform better fundamental analysis in less time.

You can see all of the due diligence checks on DSGX's stock page.

Is DSGX stock overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge DSGX's intrinsic value.

Using relative valuations methods:

  • DSGX could be undervalued based on its P/E ratio of 66.27x, relative to Software - Application industry P/E ratio of 98.93x
  • DSGX may be undervalued based on its P/B ratio of 6.19x, relative to Software - Application industry P/B ratio of 6.39x
  • DSGX may be overvalued based on its PEG ratio of 3.35x

You can access additional valuation research on DSGX's stock here.

A quick look at DSGX Financials

Signs that DSGX is financially healthy:

  • Total DSGX debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the DSGX balance sheet.
  • DSGX earnings of $152.52M is not sufficient to cover its interest payments.
  • DSGX has a low debt to equity ratio of 0.19.
  • DSGX's operating cash flow of $207.68M allows it to safely service it's debt of $6.98M.
  • There are more short-term assets than long-term liabilities on the DSGX balance sheet.

Signs that DSGX is not financially healthy:

  • DSGX profit margin has gone down from 21% to 20.2% in the past year.

Is it a good time to buy DSGX stock, according to Wall Street analysts?

Out of 7 sell side analysts who track DSGX, the consensus analyst rating on Descartes Systems Group is a Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

Most Recent DSGX Analyst Recommendations

Raimo Lenschow, a top 1% analyst from Barclays maintains DSGX with a strong sell rating and raises their DSGX price target from $71.00 to $75.00, on Feb 20, 2024.

Scott Group, a bottom 16% analyst from Wolfe Research upgrades DSGX to a buy rating and announces their DSGX price target of $95.00, on Jan 10, 2024.

You can dig deeper into what analysts are forecasting on the Descartes Systems Group stock forecast page.

DSGX Momentum

SMA10
89.7
SMA20
90.72
SMA50
89.67
SMA100
86.96
SMA200
81.04
MACD
-0.18
MACD Signal
-0.02
MACD Histogram
-0.15
RSI
49.71
Stochastic %K
47.78
Stochastic %D
34.62
StochRSI %K
61.14
StochRSI %D
42.31

DSGX Growth Metrics

Last year, DSGX earnings were $115.91M. During the last 5 year, DSGX's earnings have increased by 27.1% per year. This was slower than the Software - Application industry average of 31.41%.

Last year, DSGX revenue was $572.93M. Over the last five year, DSGX's revenue has grown by 15.8% per year. This was slower than the Software - Application industry average of 27.61%.

Dig into DSGX's earnings and revenue performance here.

Who is buying/selling DSGX?

Over the last year, executives and large shareholders at DSGX have not bought or sold any shares.

Research more about who owns DSGX shares here.

Can I rely on DSGX as an income stream?

No, Descartes Systems Group doesn't provide an income stream by paying out dividends.

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Step 5: Make your DSGX buy order

There are two main options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific price, use a limit order.

Hit the Open button and eToro will execute your order.

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Step 6: Get the latest scoop on your DSGX investment

Now that you own some DSGX shares, you'll want to keep up with your new investment.

Put DSGX on a watchlist to get the latest updates about your DSGX stock.

DSGX Feed

How to Buy Stock in Descartes Systems Group

To reiterate, here are the 6 steps to buy stock in Descartes Systems Group:

  1. Choose where to buy Descartes Systems Group stock
  2. Sign up for your brokerage account
  3. Put funds into your brokerage account
  4. Research Descartes Systems Group stock
  5. Make your DSGX buy order
  6. Get the latest scoop on your DSGX investment

If you are looking for a place to buy stocks, eToro is our favorite venue.

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If you want to get the latest news on your new investment in Descartes Systems Group, create a watchlist today.

NASDAQ: DSGX
$90.13-0.41 (-0.45%)
Updated Apr 18, 2024
Open eToro Account
NASDAQ: DSGX
$90.13-0.41 (-0.45%)
Updated Apr 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Descartes Systems Group share?

As of Apr 18, 2024, it costs $90.13 to buy one share of Descartes Systems Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.111 shares of DSGX.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Descartes Systems Group stock?

According to 7 Wall Street analysts who monitor Descartes Systems Group, their consensus recommendation is to buy Descartes Systems Group stock.

What is the best way to buy Descartes Systems Group stock?

One way to place an order for Descartes Systems Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.