ALNT Stock Summary and Trading Ideas (Allient | NASDAQ:ALNT)

Allient Inc, formerly Allied Motion Technologies Inc designs, manufactures, and sells precision and specialty motion control components and systems. The firm primarily caters to the vehicle, medical, aerospace and defense, and electronics and industrial, pumps, and robotics sectors. It mainly operates and sells across the United States, Canada, South America, Europe, and Asia. Its products and solutions include nano precision positioning systems, servo control systems, motion controllers, digital servo amplifiers and drives, brushless servo, torque, and coreless motors, brush motors, integrated motor drives, gear motors, gearing, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power quality and harmonic issues.

Allient trades on the NASDAQ stock market under the symbol ALNT.

As of December 13, 2024, ALNT stock price climbed to $25.82 with 71,820 million shares trading.

ALNT has a beta of 1.83, meaning it tends to be more sensitive to market movements. ALNT has a correlation of 0.20 to the broad based SPY ETF.

ALNT has a market cap of $434.92 million. This is considered a Small Cap stock.

Last quarter Allient reported $125 million in Revenue and $.31 earnings per share. This beat revenue expectation by $693,000 and exceeded earnings estimates by $.08.

The top ETF exchange traded funds that ALNT belongs to (by Net Assets): IWM, VTI, VXF, IWN, DES.

ALNT has underperformed the market in the last year with a price return of -10.6% while the SPY ETF gained +29.9%. However, in the short term, ALNT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +26.5% vs +7.8% return in SPY. But in the last 2 weeks, ALNT shares have been beat by the market, returning -0.6% compared to an SPY return of +0.3%.

ALNT support price is $24.97 and resistance is $26.41 (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 ALNT shares will trade within this expected range on the day.