CRS Stock Summary and Trading Ideas (Carpenter Technology | NYSE:CRS)

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.

Carpenter Technology trades on the NYSE stock market under the symbol CRS.

As of April 19, 2024, CRS stock price declined to $78.04 with 661,134 million shares trading.

CRS has a beta of 0.97, meaning it tends to be less sensitive to market movements. CRS has a correlation of 0.12 to the broad based SPY ETF.

CRS has a market cap of $3.86 billion. This is considered a Mid Cap stock.

Last quarter Carpenter Technology reported $624 million in Revenue and $.85 earnings per share. This fell short of revenue expectation by $-33 million and met earnings estimates .

In the last 3 years, CRS stock traded as high as $82.16 and as low as $24.76.

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

CRS has outperformed the market in the last year with a price return of +65.0% while the SPY ETF gained +21.2%. CRS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.7% and +1.4%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

CRS support price is $77.26 and resistance is $81.50 (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 CRS stock will trade within this expected range on the day.