AEIS Stock Summary and Trading Ideas (Advanced Energy Industries | NASDAQ:AEIS)

Advanced Energy Industries Inc provides precision power-conversion measurement and control solutions that transform power into various forms for use in manufacturing and industrial equipment and applications. The firm serves original equipment manufacturers and end customers in the semiconductor, flat panel display, solar panel, and other industrial capital equipment markets. Products include thin-film power-conversion systems, which control and modify raw electrical power into a customizable, predictable power source, and power control modules, which control and measure temperature during manufacturing cycles. A majority of the firm's revenue is generated in the United States, with the rest primarily from Asia and Europe.

Advanced Energy Industries trades on the NASDAQ stock market under the symbol AEIS.

As of April 15, 2024, AEIS stock price declined to $94.85 with 113,163 million shares trading.

AEIS has a beta of 1.74, meaning it tends to be more sensitive to market movements. AEIS has a correlation of 0.36 to the broad based SPY ETF.

AEIS has a market cap of $3.55 billion. This is considered a Mid Cap stock.

Last quarter Advanced Energy Industries reported $405 million in Revenue and $1.24 earnings per share. This fell short of revenue expectation by $-869,000 and exceeded earnings estimates by $.08.

In the last 3 years, AEIS stock traded as high as $126.38 and as low as $67.55.

The top ETF exchange traded funds that AEIS belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

AEIS has underperformed the market in the last year with a price return of +3.6% while the SPY ETF gained +25.3%. AEIS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.1% and -7.0%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

AEIS support price is $94.57 and resistance is $98.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AEIS stock will trade within this expected range on the day.