SHEN Stock Summary and Trading Ideas (Shenandoah Telecommunications Co | NASDAQ:SHEN)

Shenandoah Telecommunications Company, with its subsidiaries, provides various broadband communication products and services via its wireless, cable, fiber optic, and fixed wireless networks to customers in the Mid-Atlantic United States. The company operates through two business units: tower and broadband. The tower segment leases company-owned cell tower spaces to other wireless communication providers, while the broadband segment provides broadband Internet, video, and voice services to residential and commercial customers. The broadband segment generates the vast majority of the company's revenue, with the bulk of sales flowing from residential and small, and medium businesses within the broadband unit.

Shenandoah Telecommunications Co trades on the NASDAQ stock market under the symbol SHEN.

As of April 24, 2024, SHEN stock price climbed to $14.17 with 257,143 million shares trading.

SHEN has a beta of 0.58, meaning it tends to be less sensitive to market movements. SHEN has a correlation of 0.05 to the broad based SPY ETF.

SHEN has a market cap of $772.93 million. This is considered a Small Cap stock.

Last quarter Shenandoah Telecommunications Co reported $73 million in Revenue and $.05 earnings per share. This beat revenue expectation by $210,000 and exceeded earnings estimates by $.06.

In the last 3 years, SHEN stock traded as high as $61.53 and as low as $13.48.

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

SHEN has underperformed the market in the last year with a price return of -24.3% while the SPY ETF gained +24.1%. SHEN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -29.9% and -5.4%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

SHEN support price is $13.61 and resistance is $14.47 (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 SHEN stock will trade within this expected range on the day.