THR Stock Summary and Trading Ideas (Thermon Group Holdings | NYSE:THR)

Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales.

Thermon Group Holdings trades on the NYSE stock market under the symbol THR.

As of April 26, 2024, THR stock price climbed to $31.83 with 189,117 million shares trading.

THR has a beta of 1.39, meaning it tends to be more sensitive to market movements. THR has a correlation of 0.16 to the broad based SPY ETF.

THR has a market cap of $1.07 billion. This is considered a Small Cap stock.

Last quarter Thermon Group Holdings reported $136 million in Revenue and $.59 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.09.

In the last 3 years, THR stock traded as high as $34.07 and as low as $13.26.

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

THR has outperformed the market in the last year with a price return of +47.5% while the SPY ETF gained +26.8%. However, in the short term, THR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.3% vs +4.5% return in SPY. But in the last 2 weeks, THR shares have fared better than the market returning +0.8% compared to SPY -1.9%.

THR support price is $30.88 and resistance is $32.30 (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 THR stock will trade within this expected range on the day.