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

Allison Transmission Holdings Inc design and manufacture vehicle propulsion solutions, including commercial-duty on-highway, off-highway and defense fully automatic transmissions and electric hybrid and fully electric systems. The company manufacturer fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles and electrified propulsion system. Its products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school and transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked).

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

As of March 27, 2023, ALSN stock price climbed to $43.47 with 483,325 million shares trading.

ALSN has a beta of 0.74, meaning it tends to be less sensitive to market movements. ALSN has a correlation of 0.26 to the broad based SPY ETF.

ALSN has a market cap of $3.99 billion. This is considered a Mid Cap stock.

Last quarter Allison Transmission Holdings reported $718 million in Revenue and $1.52 earnings per share. This beat revenue expectation by $42 million and exceeded earnings estimates by $.27.

In the last 3 years, ALSN stock traded as high as $50.64 and as low as $28.99.

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 +11.8%, while the SPY ETF lost -10.6%. In the last 3 month period, ALSN beat the market returning +4.0%, while SPY returned +3.9%. However, in the most recent 2 weeks ALSN has underperformed the stock market by returning -5.0%, while SPY returned +3.1%.

ALSN support price is $42.18 and resistance is $43.90 (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.