SRI Stock Summary and Trading Ideas (Stoneridge | NYSE:SRI)

Stoneridge Inc is a manufacturer of electrical and electronic components used in automotive vehicles. The company produces instrumentation systems, vehicle management electronics, application-specific switches and actuators, sensors, security alarms, and vehicle tracking devices and monitoring services for commercial, automotive, off-highway, and agricultural vehicle markets. Stoneridge generates the majority of its revenue in its Electronics segment that produces driver information systems, camera-based vision systems, connectivity, and compliance products, and electronic control units. Geographically, the company's operations are focused on North America. It has Control Devices, Electronics, and Stoneridge Brazil segments.

Stoneridge trades on the NYSE stock market under the symbol SRI.

As of April 23, 2024, SRI stock price climbed to $15.38 with 123,438 million shares trading.

SRI has a beta of 1.18, meaning it tends to be more sensitive to market movements. SRI has a correlation of 0.11 to the broad based SPY ETF.

SRI has a market cap of $417.77 million. This is considered a Small Cap stock.

Last quarter Stoneridge reported $230 million in Revenue and $.12 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.02.

In the last 3 years, SRI stock traded as high as $35.27 and as low as $13.64.

The top ETF exchange traded funds that SRI belongs to (by Net Assets): VTI, IWM, VXF, FNDA, IWN.

SRI has underperformed the market in the last year with a price return of -17.5% while the SPY ETF gained +24.3%. SRI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.3% and -13.0%, respectively, while the SPY returned +4.6% and -2.6%, respectively.

SRI support price is $14.89 and resistance is $15.75 (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 SRI stock will trade within this expected range on the day.