ALV Stock Summary and Trading Ideas (Autoliv | NYSE:ALV)

Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 10% of 2023 revenue, with Stellantis accounting for 10% and Volkswagen 9%. At 34% of 2023 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 27%, China at 20%, and rest of world at 19%.

Autoliv trades on the NYSE stock market under the symbol ALV.

As of April 17, 2024, ALV stock price climbed to $115.69 with 423,515 million shares trading.

ALV has a beta of 0.96, meaning it tends to be less sensitive to market movements. ALV has a correlation of 0.20 to the broad based SPY ETF.

ALV has a market cap of $9.42 billion. This is considered a Mid Cap stock.

Last quarter Autoliv reported $3 billion in Revenue and $3.74 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.51.

In the last 3 years, ALV stock traded as high as $124.38 and as low as $65.74.

The top ETF exchange traded funds that ALV belongs to (by Net Assets): IJH, VXF, MDY, VYM, IJK.

ALV has outperformed the market in the last year with a price return of +28.8% while the SPY ETF gained +23.0%. ALV has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.4% and -2.1%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

ALV support price is $113.97 and resistance is $117.25 (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 ALV stock will trade within this expected range on the day.