CAE Stock Summary and Trading Ideas (Cae | NYSE:CAE)

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company's training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations. Roughly one-third of sales are from the United States, with the remainder split among several other nations.

Cae trades on the NYSE stock market under the symbol CAE.

As of April 24, 2024, CAE stock price climbed to $19.12 with 332,747 million shares trading.

CAE has a beta of 0.89, meaning it tends to be less sensitive to market movements. CAE has a correlation of 0.21 to the broad based SPY ETF.

CAE has a market cap of $6.08 billion. This is considered a Mid Cap stock.

Last quarter Cae reported $804 million in Revenue and $.18 earnings per share. This fell short of revenue expectation by $-15 million and met earnings estimates .

In the last 3 years, CAE stock traded as high as $34.19 and as low as $15.23.

The top ETF exchange traded funds that CAE belongs to (by Net Assets): PPA, DFAI, DFIC, BINV, DFAX.

CAE has underperformed the market in the last year with a price return of -16.5% while the SPY ETF gained +24.1%. CAE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.8% and -2.8%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

CAE support price is $18.78 and resistance is $19.40 (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 CAE stock will trade within this expected range on the day.