KE Stock Summary and Trading Ideas (Kimball Electronics | NASDAQ:KE)

Kimball Electronics Inc is a contract electronic manufacturing services company. The company is engaged in producing durable electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services utilize common production and support capabilities. It is also engaged in producing safety-critical electronic assemblies for its automotive customers. Geographically, it derives a majority of revenue from the United States.

Kimball Electronics trades on the NASDAQ stock market under the symbol KE.

As of April 24, 2024, KE stock price declined to $20.96 with 65,696 million shares trading.

KE has a beta of 1.01, meaning it tends to be more sensitive to market movements. KE has a correlation of 0.12 to the broad based SPY ETF.

KE has a market cap of $520.75 million. This is considered a Small Cap stock.

Last quarter Kimball Electronics reported $421 million in Revenue and $.33 earnings per share. This fell short of revenue expectation by $-14 million and missed earnings estimates by -$.11.

In the last 3 years, KE stock traded as high as $31.43 and as low as $16.66.

The top ETF exchange traded funds that KE belongs to (by Net Assets): VTI, VGT, IWM, VXF, IWN.

KE has underperformed the market in the last year with a return of -0.5%, while the SPY ETF gained +24.2%. In the last 3 month period, KE fell short of the market, returning -15.5%, while SPY returned +4.6%. However, in the most recent 2 weeks KE has outperformed the stock market by returning -2.4%, while SPY returned -2.7%.

KE support price is $20.71 and resistance is $21.45 (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 KE stock will trade within this expected range on the day.