SendGrid stock: buy or sell?

SEND stock price: $54.08 7.51% At close on January 31st, 2019

Updated on:
January 31st, 2019

4

After marking all time highs , SendGrid skyrocketed 7.51% to $54.08.

SendGrid, Inc. operates as a digital communication platform in the United States and internationally. Its cloud-based platform provides various tools to the businesses, including developers and marketers to reach their customers using an email.

Should I buy SendGrid stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, 2 buy setups match with SendGrid stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is SendGrid stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for SEND stock for the last month.

SendGrid stock analysis

Daily outlook

SendGrid shares skyrocketed 7.51% and reached a new all time high at $54.94.

SendGrid skyrocketed 7.51% to $54.08 after reaching all time highs . SEND shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom , SEND climbed unceasignly breaking out to new all time highs. SEND price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock.

SEND stock chart (daily)

Weekly outlook

SendGrid ended this week at $54.08 after reaching a new all time high ($54.94) and rocketed a dazzling 10.23%. By mid December 2018 SEND plunged a spooky -19.89% in just one week.

SendGrid stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Late December 2018 SEND price bounced up over the SMA of 20 weeks that acted as support stopping new slides. Since SMA10d and SMA20w crossed up early August, SEND price climbed $25.60 per share (89.89%).

SEND stock chart (weekly)

SendGrid stock price history

SendGrid stock went public on November 15th, 2017 with a price of $18.551. Since then, SEND stock surged a 191.50%, with an average of 95.80% per year. If you had invested right after SEND's IPO a $1,000 in SendGrid stock in 2017, it would worth $1,915.00 today.

1: Adjusted price after possible price splits or reverse-splits.

SendGrid stock historical price chart

SEND stock reached all-time highs with a price of $54.94.

SendGrid stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price prediction for SendGrid stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

SendGrid disappointed experts when it posted an Earnings per Share (EPS) of $-0.02 when the market consensus was $-0.03.
SEND earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q4-n/a-0.01n/a
2017-Q1-n/a-0.04n/a
2017-Q2-n/a-0.03n/a
2017-Q3-n/a-0.04n/a
2017-Q42018-02-26n/a-0.01n/a
2018-Q12018-05-01-0.05-0.02n/a
2018-Q22018-07-31-0.04-0.01n/a
2018-Q32018-11-06-0.03-0.02n/a
2018-Q4-n/an/an/a
2019-Q1-n/an/an/a

Annual financial results

In 2017, SendGrid annual sales boosted an amazing 39.98% to $111.89 million USD from $79.93 marked in 2016. When comparing 2017 vs 2016, in contrary, profit margin (that is, the net income divided by revenues) stayed stable a -0.70% to -5.59%.

To have an updated view of the financial situation of SendGrid, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q3 that can be compared to 2017 fiscal year results. Annual SendGrid TTM sales up to September 2018 were $137.17 and earnings were $-5.53 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem SendGrid business evolution since December 2017: Annual revenues up to September, compared to lastest yearly report, skyrocketed an exceptional 22.60%. Regarding profit margin, SendGrid grew 1.56% to -5.59%

SEND annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$43 M-$-12.96 M-30.3%-
2015$58 M36.70%$-5.85 M-10.0%-54.83%
2016$80 M36.69%$-3.91 M-4.9%-33.24%
2017$112 M39.98%$-6.25 M-5.6%60.01%
TTM $137 M22.60%$-5.53 M-4.0%-11.53%

Quarterly financial results

SendGrid posted $37.20 million in revenues for 2018-Q3, a 4.27% up compared to previous quarter. Reported quarter earnings marked $-2.42 million with a profit margin of -6.51%. Profit margin slipped a -5.64% compared to previous quarter when profit margin was -0.87%. When comparing sales to same quarter last year, SendGrid sales marked an outstanding gain and climbed a 31.37%. Looking back to recent quarterly results, SendGrid posted 7 positive quarters in a row.
SEND quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2016-Q4$23 M-$-0.43 M-1.8%-
2017-Q1$25 M7.63%$-1.80 M-7.2%323.53%
2017-Q2$27 M8.78%$-1.33 M-4.9%-26.11%
2017-Q3$28 M4.84%$-1.59 M-5.6%19.77%
2017-Q4$32 M12.05%$-1.53 M-4.8%-4.21%
2018-Q1$33 M2.65%$-1.27 M-3.9%-16.58%
2018-Q2$36 M9.54%$-0.31 M-0.9%-75.65%
2018-Q3$37 M4.27%$-2.42 M-6.5%681.61%

SendGrid ownership

When you are planning to invest in a company, it's worth to overview its ownership structure.

SendGrid shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

For a better understanding, the following table shows ownership data compared to other related stocks:

SEND
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

SendGrid summary

Thursday, January 31st, 2019
Open$50.25
Close$54.08
Day range$50.25 - $54.94
Previous close$50.30
Session gain7.51%
Average true range$2.22
50d mov avg$44.07
100d mov avg$39.82
200d mov avg$34.06
Daily patternlb03c
Weekly pattern lt06a

SendGrid performance

To better understand SendGrid performance you must compare its gains with other related stocks in same sector or industry. For SendGrid, the comparison is made against .
Stock3m6m12m
SENDSendGrid50.77%89.89%147.39%

SendGrid competitors

Unfortunately, we could not find any public company that could be defined as SendGrid competitor. This doesn't mean SendGrid does not have any competitor in the market, it's just we could not detected it.