IDE Stock Summary and Trading Ideas (Voya Infrastructure Industrials & Materials | NYSE:IDE)

The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing in companies that own and/or operate infrastructure facilities in the infrastructure sector, and in a broad range of companies, principally in the industrials and materials sector that ING Investment Management Co. LLC (the “Sub-Adviser”) believes will benefit from the building, renovation, expansion and utilization of infrastructure. Under normal market conditions the Fund will also seek to secure gains and enhance the stability of returns over a market cycle by writing (selling) call options on selected indices and/or exchange-traded funds.

Voya Infrastructure Industrials & Materials trades on the NYSE stock market under the symbol IDE.

As of April 26, 2024, IDE stock price climbed to $10.18 with 34,957 million shares trading.

IDE has a beta of 0.95, meaning it tends to be less sensitive to market movements. IDE has a correlation of 0.49 to the broad based SPY ETF.

IDE has a market cap of $155.13 million. This is considered a Micro Cap stock.

In the last 3 years, IDE stock traded as high as $13.90 and as low as $8.00.

IDE has underperformed the market in the last year with a price return of +17.9% while the SPY ETF gained +26.8%. However, in the short term, IDE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.8% vs +4.5% return in SPY. But in the last 2 weeks, IDE shares have been beat by the market, returning -3.5% compared to an SPY return of -1.9%.

IDE support price is $10.05 and resistance is $10.25 (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 IDE stock will trade within this expected range on the day.