CAAP Stock Summary and Trading Ideas (Corporacion America Airports SA Common Shares | NYSE:CAAP)

Corporacion America Airports SA acquires, develops and operates airport concessions. Its operating segments are geographically divided into Argentina, Italy, Brazil, Uruguay, Ecuador and Armenia. The company generates a majority of its revenue from the Argentina segment. The firm's revenue is categorized into Aeronautical Revenue, Non-Aeronautical Revenue, Commercial Revenue, Construction Service Revenue, and Other Revenue.

Corporacion America Airports SA Common Shares trades on the NYSE stock market under the symbol CAAP.

As of April 18, 2024, CAAP stock price declined to $16.35 with 89,053 million shares trading.

CAAP has a beta of 0.51, meaning it tends to be less sensitive to market movements. CAAP has a correlation of 0.03 to the broad based SPY ETF.

CAAP has a market cap of $2.63 billion. This is considered a Mid Cap stock.

Last quarter Corporacion America Airports SA Common Shares reported $365 million in Revenue and $.81 earnings per share. This fell short of revenue expectation by $-75 million and exceeded earnings estimates by $.51.

In the last 3 years, CAAP stock traded as high as $17.85 and as low as $4.59.

The top ETF exchange traded funds that CAAP belongs to (by Net Assets): IGF, ARGT, GII, PRFZ.

CAAP has outperformed the market in the last year with a return of +43.4%, while the SPY ETF gained +22.3%. However, in the most recent history, CAAP shares have underperformed the stock market with its stock returning +0.3% in the last 3 month period and -5.8% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

CAAP support price is $15.99 and resistance is $16.81 (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 CAAP stock will trade within this expected range on the day.