ALSN Stock Summary and Trading Ideas (Allison Transmission Holdings | NYSE:ALSN)

Allison Transmission is the largest manufacturer of fully automatic transmissions for commercial vehicles. The company's automatic transmissions allow customers to achieve better fuel and operator efficiency than less expensive manual and automated manual transmissions. Allison serves several end markets, including on- and off-highway equipment and military vehicles. Its on-highway business has approximately 60% global market share. The company's transmissions can be found in Class 4 through Class 8 trucks, buses, and a limited number of large passenger vehicles (heavy-duty pickup trucks and motor homes). Allison also produces electric hybrid propulsion systems and is developing e-powertrains.

Allison Transmission Holdings trades on the NYSE stock market under the symbol ALSN.

As of April 18, 2024, ALSN stock price declined to $79.39 with 502,853 million shares trading.

ALSN has a beta of 1.02, meaning it tends to be more sensitive to market movements. ALSN has a correlation of 0.24 to the broad based SPY ETF.

ALSN has a market cap of $7.10 billion. This is considered a Mid Cap stock.

Last quarter Allison Transmission Holdings reported $775 million in Revenue and $1.91 earnings per share. This beat revenue expectation by $31 million and exceeded earnings estimates by $.48.

In the last 3 years, ALSN stock traded as high as $83.42 and as low as $32.55.

The top ETF exchange traded funds that ALSN belongs to (by Net Assets): VTI, VB, VBR, VXF, COWZ.

ALSN has outperformed the market in the last year with a return of +70.9%, while the SPY ETF gained +22.2%. In the last 3 month period, ALSN beat the market returning +41.0%, while SPY returned +5.2%. However, in the most recent 2 weeks ALSN has underperformed the stock market by returning -2.9%, while SPY returned -2.6%.

ALSN support price is $78.79 and resistance is $80.77 (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 ALSN stock will trade within this expected range on the day.