CODI Stock Summary and Trading Ideas (Compass Diversified Hldgs | NYSE:CODI)

Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. The company has operations in the United States, Canada, Europe, Asia Pacific, and other International areas.

Compass Diversified Hldgs trades on the NYSE stock market under the symbol CODI.

As of April 18, 2024, CODI stock price climbed to $22.21 with 7,823 million shares trading.

CODI has a beta of 1.24, meaning it tends to be more sensitive to market movements. CODI has a correlation of 0.39 to the broad based SPY ETF.

CODI has a market cap of $1.67 billion. This is considered a Small Cap stock.

Last quarter Compass Diversified Hldgs reported $567 million in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-10 million and exceeded earnings estimates by $.14.

In the last 3 years, CODI stock traded as high as $33.31 and as low as $16.32.

The top ETF exchange traded funds that CODI belongs to (by Net Assets): VTI, VB, IWM, VBR, IWN.

CODI has underperformed the market in the last year with a price return of +20.2% while the SPY ETF gained +22.8%. CODI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.2% and -5.5%, respectively, while the SPY returned +6.6% and -3.4%, respectively.

CODI support price is $21.79 and resistance is $22.49 (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 CODI stock will trade within this expected range on the day.