Sumo Logic Announces Fourth Quarter and Fiscal Year 2023 Financial Results
SUMODelisted Stock | USD 12.04 0.00 0.00% |
About 56% of Sumo Logic's investor base is looking to short. The analysis of current outlook of investing in Sumo Logic suggests that many traders are alarmed regarding Sumo Logic's prospects. Sumo Logic's investing sentiment overview a quick insight into current market opportunities from investing in Sumo Logic. Many technical investors use Sumo Logic stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Sumo |
Fourth quarter revenue grew 19 percent year over year to 79.8 millionFull year fiscal 2023 revenue grew 24 percent year over year to 300.7 millionFull year fiscal 2023...
Read at globenewswire.com
Sumo Logic Fundamental Analysis
We analyze Sumo Logic's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sumo Logic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sumo Logic based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Number Of Shares Shorted
Number Of Shares Shorted Comparative Analysis
Sumo Logic is currently under evaluation in number of shares shorted category among its peers. Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Sumo Logic Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sumo Logic stock to make a market-neutral strategy. Peer analysis of Sumo Logic could also be used in its relative valuation, which is a method of valuing Sumo Logic by comparing valuation metrics with similar companies.
Peers
Sumo Logic Related Equities
PAGS | PagSeguro Digital | 3.54 | ||||
PATH | Uipath | 2.18 | ||||
CSGS | CSG Systems | 1.64 | ||||
NTNX | Nutanix | 1.33 | ||||
ZS | Zscaler | 0.93 | ||||
IIIV | I3 Verticals | 0.93 | ||||
RELY | Remitly Global | 0.92 | ||||
PANW | Palo Alto | 0.61 | ||||
EVCM | EverCommerce | 0.58 | ||||
ACIW | ACI Worldwide | 0.56 | ||||
CRWD | Crowdstrike Holdings | 0.24 | ||||
DAVA | Endava | 0.07 | ||||
SCWX | Secureworks Corp | 0.12 | ||||
INFA | Informatica | 0.34 | ||||
AVDX | AvidXchange Holdings | 0.61 | ||||
GB | Global Blue | 10.57 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Consideration for investing in Sumo Stock
If you are still planning to invest in Sumo Logic check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sumo Logic's history and understand the potential risks before investing.
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