BELFB Stock Summary and Trading Ideas (Bel Fuse - Class B | NASDAQ:BELFB)

Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.

Bel Fuse - Class B trades on the NASDAQ stock market under the symbol BELFB.

As of April 25, 2024, BELFB stock price declined to $59.65 with 39,348 million shares trading.

BELFB has a beta of 0.94, meaning it tends to be less sensitive to market movements. BELFB has a correlation of 0.03 to the broad based SPY ETF.

BELFB has a market cap of $760.94 million. This is considered a Small Cap stock.

Last quarter Bel Fuse - Class B reported $140 million in Revenue and $1.37 earnings per share. This fell short of revenue expectation by $-12 million and missed earnings estimates by -$.04.

In the last 3 years, BELFB stock traded as high as $74.75 and as low as $10.58.

The top ETF exchange traded funds that BELFB belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

BELFB has outperformed the market in the last year with a price return of +81.6% while the SPY ETF gained +22.9%. However, in the short term, BELFB had mixed performance relative to the market. It has underperformed in the last 3 months, returning -10.4% vs +3.4% return in SPY. But in the last 2 weeks, BELFB shares have fared better than the market returning +1.2% compared to SPY -2.6%.

BELFB support price is $59.38 and resistance is $62.02 (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 BELFB stock will trade within this expected range on the day.