BWA Stock Summary and Trading Ideas (Borgwarner | NYSE:BWA)

BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.

Borgwarner trades on the NYSE stock market under the symbol BWA.

As of April 19, 2024, BWA stock price climbed to $32.80 with 2,054,979 million shares trading.

BWA has a beta of 0.70, meaning it tends to be less sensitive to market movements. BWA has a correlation of 0.09 to the broad based SPY ETF.

BWA has a market cap of $7.58 billion. This is considered a Mid Cap stock.

Last quarter Borgwarner reported $4 billion in Revenue and $.90 earnings per share. This fell short of revenue expectation by $-128 million and missed earnings estimates by -$.04.

In the last 3 years, BWA stock traded as high as $48.90 and as low as $27.41.

The top ETF exchange traded funds that BWA belongs to (by Net Assets): VTI, VB, VOO, VBR, RSP.

BWA has underperformed the market in the last year with a price return of -22.5% while the SPY ETF gained +21.2%. BWA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.1% and -5.2%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

BWA support price is $31.58 and resistance is $32.64 (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 BWA stock will trade within this expected range on the day.