AYI Stock Summary and Trading Ideas (Acuity Brands | NYSE:AYI)

Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.

Acuity Brands trades on the NYSE stock market under the symbol AYI.

As of April 24, 2024, AYI stock price declined to $253.09 with 169,964 million shares trading.

AYI has a beta of 1.30, meaning it tends to be more sensitive to market movements. AYI has a correlation of 0.48 to the broad based SPY ETF.

AYI has a market cap of $7.80 billion. This is considered a Mid Cap stock.

Last quarter Acuity Brands reported $906 million in Revenue and $3.38 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.13.

In the last 3 years, AYI stock traded as high as $272.74 and as low as $142.71.

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

AYI has outperformed the market in the last year with a return of +61.1%, while the SPY ETF gained +24.2%. In the last 3 month period, AYI beat the market returning +9.7%, while SPY returned +4.6%. However, in the most recent 2 weeks AYI has underperformed the stock market by returning -4.9%, while SPY returned -2.7%.

AYI support price is $251.19 and resistance is $259.19 (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 AYI stock will trade within this expected range on the day.