FEIM Stock Summary and Trading Ideas (Frequency Electronics | NASDAQ:FEIM)

Frequency Electronics Inc is engaged in the design, development, and manufacture of high-precision timing, and frequency control products for space, air, sea, and terrestrial applications. The company has FEI-NY and FEI-Zyfer reportable segments. It derives the majority of its revenues from the FEI-NY segment. FEI-NY segment operations consist principally of precision time and frequency control products used in three principal markets namely communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military.

Frequency Electronics trades on the NASDAQ stock market under the symbol FEIM.

As of May 22, 2024, FEIM stock price declined to $9.43 with 13,055 million shares trading.

FEIM has a beta of 0.83, meaning it tends to be less sensitive to market movements. FEIM has a correlation of 0.11 to the broad based SPY ETF.

FEIM has a market cap of $89.47 million. This is considered a Micro Cap stock.

In the last 3 years, FEIM stock traded as high as $11.41 and as low as $4.92.

The top ETF exchange traded funds that FEIM belongs to (by Net Assets): VTI, VXF, DFAT, DFAS, IWC.

FEIM has outperformed the market in the last year with a return of +39.7%, while the SPY ETF gained +28.2%. However, in the most recent history, FEIM shares have underperformed the stock market with its stock returning -13.9% in the last 3 month period and -1.2% for the last 2 week period, while SPY has returned +6.9% and +2.5%, respectively.

FEIM support price is $9.22 and resistance is $9.72 (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 FEIM stock will trade within this expected range on the day.