BMI Stock Summary and Trading Ideas (Badger Meter | NYSE:BMI)

Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.

Badger Meter trades on the NYSE stock market under the symbol BMI.

As of April 18, 2024, BMI stock price climbed to $178.48 with 670,154 million shares trading.

BMI has a beta of 0.88, meaning it tends to be less sensitive to market movements. BMI has a correlation of 0.13 to the broad based SPY ETF.

BMI has a market cap of $5.24 billion. This is considered a Mid Cap stock.

Last quarter Badger Meter reported $182 million in Revenue and $.84 earnings per share. This beat revenue expectation by $120,000 and exceeded earnings estimates by $.02.

In the last 3 years, BMI stock traded as high as $179.51 and as low as $73.20.

The top ETF exchange traded funds that BMI belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

BMI has outperformed the market in the last year with a price return of +48.5% while the SPY ETF gained +22.3%. BMI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.8% and +13.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

BMI support price is $150.71 and resistance is $155.29 (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 BMI stock will trade within this expected range on the day.