LEA Stock Summary and Trading Ideas (Lear | NYSE:LEA)

Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems, high-voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity. Lear's largest customer and regional market is GM and North America at 20% and 44% of 2022 revenue, respectively.

Lear trades on the NYSE stock market under the symbol LEA.

As of May 6, 2024, LEA stock price climbed to $127.81 with 531,409 million shares trading.

LEA has a beta of 0.89, meaning it tends to be less sensitive to market movements. LEA has a correlation of 0.23 to the broad based SPY ETF.

LEA has a market cap of $7.29 billion. This is considered a Mid Cap stock.

Last quarter Lear reported $6 billion in Revenue and $3.18 earnings per share. This fell short of revenue expectation by $-15 million and exceeded earnings estimates by $.16.

In the last 3 years, LEA stock traded as high as $204.91 and as low as $114.67.

The top ETF exchange traded funds that LEA belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

LEA has underperformed the market in the last year with a price return of +7.3% while the SPY ETF gained +28.3%. LEA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.2% and -3.8%, respectively, while the SPY returned +4.8% and +4.3%, respectively.

LEA support price is $125.11 and resistance is $129.19 (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 LEA stock will trade within this expected range on the day.