SILC Stock Summary and Trading Ideas (Silicom - | NASDAQ:SILC)

Silicom Ltd designs and manufactures networking and data infrastructure solutions for various servers, server-based systems, and communications devices. Its product categories consist of Server Adapters; Edge Networking Solutions; FPGA Based Cards; x86 Open Appliances Bypass Switches and TAPs. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe and Asia-Pacific.

Silicom - trades on the NASDAQ stock market under the symbol SILC.

As of April 24, 2024, SILC stock price climbed to $15.51 with 20,938 million shares trading.

SILC has a beta of 2.05, meaning it tends to be more sensitive to market movements. SILC has a correlation of 0.16 to the broad based SPY ETF.

SILC has a market cap of $104.79 million. This is considered a Micro Cap stock.

Last quarter Silicom - reported $19 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.04.

In the last 3 years, SILC stock traded as high as $52.75 and as low as $13.75.

The top ETF exchange traded funds that SILC belongs to (by Net Assets): PRFZ, GWX.

SILC has underperformed the market in the last year with a return of -54.8%, while the SPY ETF gained +24.2%. In the last 3 month period, SILC fell short of the market, returning -11.1%, while SPY returned +4.6%. However, in the most recent 2 weeks SILC has outperformed the stock market by returning +3.3%, while SPY returned -2.7%.

SILC support price is $15.04 and resistance is $15.67 (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 SILC stock will trade within this expected range on the day.