DORM Stock Summary and Trading Ideas (Dorman Prods | NASDAQ:DORM)

Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. It operates as a single reportable operating segment, namely, the sale of replacement and upgrades parts in the motor vehicle aftermarket industry, serving passenger cars, light-, medium-, and heavy-duty trucks as well as specialty vehicles. The company operates in the United States.

Dorman Prods trades on the NASDAQ stock market under the symbol DORM.

As of April 24, 2024, DORM stock price declined to $89.81 with 62,081 million shares trading.

DORM has a beta of 1.05, meaning it tends to be more sensitive to market movements. DORM has a correlation of 0.19 to the broad based SPY ETF.

DORM has a market cap of $2.82 billion. This is considered a Mid Cap stock.

Last quarter Dorman Prods reported $494 million in Revenue and $1.57 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.16.

In the last 3 years, DORM stock traded as high as $122.96 and as low as $60.01.

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

DORM has underperformed the market in the last year with a price return of +4.4% while the SPY ETF gained +24.2%. DORM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.5% and -6.1%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

DORM support price is $88.48 and resistance is $91.96 (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 DORM stock will trade within this expected range on the day.