KN Stock Summary and Trading Ideas (Knowles | NYSE:KN)

Knowles Corp is engaged in the manufacturing of micro-acoustic microphones and balanced armature speakers, audio solutions, high-performance capacitors, and radio frequency filtering products. It operates in three segments; the Precision Devices segment specializes in the design and delivery of high-performance capacitor products and RF solutions, Medtech & Specialty Audio segment designs and manufactures microphones and balanced armature speakers used in applications and the Consumer MEMS Microphones segment designs and manufactures micro-electro-mechanical systems microphones and audio solutions used in applications. The majority of its revenue comes from the Consumer MEMS Microphones segment.

Knowles trades on the NYSE stock market under the symbol KN.

As of April 26, 2024, KN stock price climbed to $16.03 with 323,684 million shares trading.

KN has a beta of 1.61, meaning it tends to be more sensitive to market movements. KN has a correlation of 0.33 to the broad based SPY ETF.

KN has a market cap of $1.44 billion. This is considered a Small Cap stock.

Last quarter Knowles reported $215 million in Revenue and $.28 earnings per share. This fell short of revenue expectation by $-20,000 and missed earnings estimates by -$.01.

In the last 3 years, KN stock traded as high as $23.81 and as low as $11.57.

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

KN has underperformed the market in the last year with a return of +2.4%, while the SPY ETF gained +26.8%. In the last 3 month period, KN fell short of the market, returning -6.9%, while SPY returned +4.5%. However, in the most recent 2 weeks KN has outperformed the stock market by returning -0.7%, while SPY returned -1.9%.

KN support price is $15.60 and resistance is $16.18 (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 KN stock will trade within this expected range on the day.