CVGI Stock Summary and Trading Ideas (Commercial Vehicle Group | NASDAQ:CVGI)

Commercial Vehicle Group Inc is a supplier of cab-related products and systems. Its operating segments are Vehicle Solutions, Industrial Automation, Electrical Systems, and Aftermarket and Accessories. Vehicle Solutions segment designs manufacture and sell Commercial vehicle seats and Plastic components. Warehouse Automation segment designs, manufactures, and sells Warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies, and design and engineering for these applications. The company makes majority of its revenue from Vehicle Solutions.

Commercial Vehicle Group trades on the NASDAQ stock market under the symbol CVGI.

As of April 24, 2024, CVGI stock price declined to $6.15 with 109,685 million shares trading.

CVGI has a beta of 0.14, meaning it tends to be less sensitive to market movements. CVGI has a correlation of 0.00 to the broad based SPY ETF.

CVGI has a market cap of $208.47 million. This is considered a Small Cap stock.

Last quarter Commercial Vehicle Group reported $223 million in Revenue and $.09 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.05.

In the last 3 years, CVGI stock traded as high as $13.61 and as low as $4.03.

The top ETF exchange traded funds that CVGI belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

CVGI has underperformed the market in the last year with a price return of -15.2% while the SPY ETF gained +24.2%. CVGI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.7% and -5.4%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

CVGI support price is $6.12 and resistance is $6.40 (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 CVGI stock will trade within this expected range on the day.