AXR Stock Summary and Trading Ideas (Amrep | NYSE:AXR)

Amrep Corp through its subsidiaries is engaged in the Real estate business. Its activities include land sales and lease activities, which involve the obtaining of approvals and the sale of both developed and undeveloped lots to homebuilders, commercial users, and others, as well as investments in commercial and investment properties. Its operating segments include Land development and Homebuilding. The firm generates a majority of its revenue from the Land development segment. Geographically, all the activities are carried out throughout the United States.

Amrep trades on the NYSE stock market under the symbol AXR.

As of April 23, 2024, AXR stock price declined to $21.23 with 26,452 million shares trading.

AXR has a market cap of $111.91 million. This is considered a Micro Cap stock.

In the last 3 years, AXR stock traded as high as $24.36 and as low as $9.76.

The top ETF exchange traded funds that AXR belongs to (by Net Assets): VTI, VXF, BSVO, DFAT, DFAC.

AXR has outperformed the market in the last year with a return of +41.7%, while the SPY ETF gained +24.3%. However, in the most recent history, AXR shares have underperformed the stock market with its stock returning -0.6% in the last 3 month period and -2.8% for the last 2 week period, while SPY has returned +4.9% and -2.5%, respectively.

AXR support price is $20.93 and resistance is $22.75 (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 AXR stock will trade within this expected range on the day.