FOXF Stock Summary and Trading Ideas (Fox Factory Hldg | NASDAQ:FOXF)

Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used predominantly on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North America and also has a presence in Asia, Europe, and the Rest of the World.

Fox Factory Hldg trades on the NASDAQ stock market under the symbol FOXF.

As of November 7, 2024, FOXF stock price declined to $35.45 with 534,602 million shares trading.

FOXF has a beta of 0.42, meaning it tends to be less sensitive to market movements. FOXF has a correlation of 0.01 to the broad based SPY ETF.

FOXF has a market cap of $1.48 billion. This is considered a Small Cap stock.

Last quarter Fox Factory Hldg reported $359 million in Revenue and $.35 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.07.

In the last 3 years, FOXF traded as high as $190.29 and as low as $31.19.

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

FOXF has underperformed the market in the last year with a price return of -41.8% while the SPY ETF gained +38.3%. FOXF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.6% and -4.2%, respectively, while the SPY returned +14.4% and +3.0%, respectively.

FOXF support price is $34.87 and resistance is $37.09 (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 FOXF shares will trade within this expected range on the day.