THRM Stock Summary and Trading Ideas (Gentherm | NASDAQ:THRM)

Gentherm Inc is an automotive parts manufacturer. The business activities of the group function through the Automotive and Medical segments. The vast majority of the firm's revenue comes from the Automotive segment, which includes automotive climate comfort systems, automotive cable systems, battery performance solutions and automotive electronics and software systems. The medical segment is comprised of the results from the patient temperature management business in the medical industry. Its geographical segments are the United States, China, South Korea, Germany, Japan, the Czech Republic, and other countries.

Gentherm trades on the NASDAQ stock market under the symbol THRM.

As of April 16, 2024, THRM stock price declined to $51.15 with 21,587 million shares trading.

THRM has a beta of 1.75, meaning it tends to be more sensitive to market movements. THRM has a correlation of 0.25 to the broad based SPY ETF.

THRM has a market cap of $1.61 billion. This is considered a Small Cap stock.

Last quarter Gentherm reported $367 million in Revenue and $.90 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.38.

In the last 3 years, THRM stock traded as high as $99.00 and as low as $38.21.

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

THRM has underperformed the market in the last year with a price return of -11.7% while the SPY ETF gained +23.8%. However, in the short term, THRM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.0% vs +6.0% return in SPY. But in the last 2 weeks, THRM shares have been beat by the market, returning -8.8% compared to an SPY return of -3.5%.

THRM support price is $50.53 and resistance is $52.85 (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 THRM stock will trade within this expected range on the day.