SAP’s Stock Rose On Raised FY 2021 Outlook, Will The Gains Continue?

October 20th, 2021 by Trefis Team
-8.96%
Downside
185
Market
168
Trefis
SAP: SAP logo
SAP
SAP

SAP’s stock (NYSE: SAP) rose by 1.40% in the last twenty-one trading days. In comparison, the broader S&P500 index rose by 1.3% over the same period. The company’s stock saw high growth in the previous week after investors were buoyed as SAP raised its FY 2021 guidance with their preliminary Q3 2021 results. Revenue for the quarter rose by 5% YoY primarily due to the cloud segment which saw revenue grow by 20% YoY. Now, is SAP stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 60% chance of a rise in SAP stock over the next month (twenty-one trading days). See our analysis on SAP’s Stock Chance Of Rise for more details.

Five Days: SAP 7.6%, vs. S&P500 2.9%; Outperformed market

(2% event probability)

  • SAP’s stock rose 7.6% over a five day trading period ending 10/18/2021, compared to the broader market (S&P500) which rose by 2.9%
  • A change of 7.6% or more over five trading days has a 2% event probability, which has occurred 39 times out of 2516 in the last ten years
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  6. SAP’s Q1 Results Were Mixed, But The Stock Still Looks Like A Buy

Ten Days: SAP 8.7%, vs. S&P500 4.3%; Outperformed market

(4% event probability)

  • SAP’s stock rose 8.7% over the last ten trading days (two weeks), compared to the broader market (S&P500) rise of 4.3%
  • A change of 8.7% or more over ten trading days has a 4% event probability, which has occurred 100 times out of 2516 in the last ten years

Twenty-One Days: SAP 1.4%, vs. S&P500 1.3%; Outperformed market

(51% event probability)

  • SAP’s stock rose 1.4% over the last twenty-one trading days (one month), compared to the broader market (S&P500) rise of 1.3%
  • A change of 1.4% or more over twenty-one trading days has a 51% event probability, which has occurred 1284 times out of 2516 in the last ten years

 

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