HMC Stock Summary and Trading Ideas (Honda Motor Company Ltd. | NYSE:HMC)

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 22.4 million cars and motorcycles in fiscal 2023 (3.7 million of which were autos), and consolidated sales were JPY 16.9 trillion. Automobiles constitute 63% of revenue and motorcycles 17%, with the rest split between power products and financial services. Honda also makes robots and private jets.

Honda Motor Company Ltd. trades on the NYSE stock market under the symbol HMC.

As of April 23, 2024, HMC stock price climbed to $34.58 with 706,924 million shares trading.

HMC has a beta of 0.76, meaning it tends to be less sensitive to market movements. HMC has a correlation of 0.22 to the broad based SPY ETF.

HMC has a market cap of $55.58 billion. This is considered a Large Cap stock.

In the last 3 years, HMC stock traded as high as $37.90 and as low as $21.44.

The top ETF exchange traded funds that HMC belongs to (by Net Assets): DFIV, AVDE, APIE, DFAI, DFIC.

HMC has outperformed the market in the last year with a return of +33.4%, while the SPY ETF gained +24.3%. In the last 3 month period, HMC beat the market returning +6.2%, while SPY returned +4.9%. However, in the most recent 2 weeks HMC has underperformed the stock market by returning -6.6%, while SPY returned -2.5%.

HMC support price is $34.18 and resistance is $34.92 (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 HMC stock will trade within this expected range on the day.