ROCK Stock Summary and Trading Ideas (Gibraltar Industries | NASDAQ:ROCK)

Gibraltar Industries Inc manufactures and provides products and services for the Renewable energy, Residential, Agtech, and Infrastructure markets. The Renewables Segment is engaged in designing, engineering, manufacturing, and installing solar racking and electrical balance systems. Agtech Segment provides growing and processing solutions including the designing, engineering, manufacturing, full-scope construction, maintenance, and support of greenhouses and indoor growing operations, and botanical extraction systems. It derives key revenue from the Residential segment which offers roof and foundation ventilation products, single point and centralized mail systems electronic package solutions, and Retractable awnings and gutter guards, among other products.

Gibraltar Industries trades on the NASDAQ stock market under the symbol ROCK.

As of May 13, 2024, ROCK stock price climbed to $74.36 with 47,874 million shares trading.

ROCK has a beta of 1.20, meaning it tends to be more sensitive to market movements. ROCK has a correlation of 0.19 to the broad based SPY ETF.

ROCK has a market cap of $2.26 billion. This is considered a Mid Cap stock.

Last quarter Gibraltar Industries reported $293 million in Revenue and $.80 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.08.

In the last 3 years, ROCK stock traded as high as $87.40 and as low as $36.58.

The top ETF exchange traded funds that ROCK belongs to (by Net Assets): IJR, VTI, CALF, IWM, VXF.

ROCK has outperformed the market in the last year with a price return of +34.4% while the SPY ETF gained +27.8%. However, in the short term, ROCK had mixed performance relative to the market. It has underperformed in the last 3 months, returning -13.4% vs +4.3% return in SPY. But in the last 2 weeks, ROCK shares have fared better than the market returning +2.9% compared to SPY +2.5%.

ROCK support price is $72.82 and resistance is $75.78 (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 ROCK stock will trade within this expected range on the day.