MPX Stock Summary and Trading Ideas (Marine Prods | NYSE:MPX)

Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. The company's only operating segment is Powerboat Manufacturing Business. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational markets through its Chaparral brand and to the sportfishing market through its Robalo brand.

Marine Prods trades on the NYSE stock market under the symbol MPX.

As of November 21, 2024, MPX stock price climbed to $9.84 with 21,520 million shares trading.

MPX has a beta of 0.58, meaning it tends to be less sensitive to market movements. MPX has a correlation of 0.07 to the broad based SPY ETF.

MPX has a market cap of $341.62 million. This is considered a Small Cap stock.

Last quarter Marine Prods reported $50 million in Revenue and $.10 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.02.

In the last 3 years, MPX traded as high as $17.81 and as low as $7.75.

The top ETF exchange traded funds that MPX belongs to (by Net Assets): VTI, IWM, DES, VXF, AVUV.

MPX has underperformed the market in the last year with a price return of +14.0% while the SPY ETF gained +32.2%. However, in the short term, MPX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.8% vs +6.6% return in SPY. But in the last 2 weeks, MPX shares have been beat by the market, returning -0.1% compared to an SPY return of +0.4%.

MPX support price is $9.31 and resistance is $9.81 (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 MPX shares will trade within this expected range on the day.