USAP Stock Summary and Trading Ideas (Universal Stainless & Alloy Products | NASDAQ:USAP)

Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. Its products are sold to service centers, forgers, rerollers, and original equipment manufacturers.

Universal Stainless & Alloy Products trades on the NASDAQ stock market under the symbol USAP.

As of November 15, 2024, USAP stock price declined to $43.99 with 138,714 million shares trading.

USAP has a beta of 0.68, meaning it tends to be less sensitive to market movements. USAP has a correlation of 0.03 to the broad based SPY ETF.

USAP has a market cap of $409.55 million. This is considered a Small Cap stock.

Last quarter Universal Stainless & Alloy Products reported $87 million in Revenue and $1.11 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.09.

In the last 3 years, USAP traded as high as $45.30 and as low as $6.52.

The top ETF exchange traded funds that USAP belongs to (by Net Assets): IWM, VTI, AVUV, DWAS, VXF.

USAP has outperformed the market in the last year with a return of +198.2%, while the SPY ETF gained +31.8%. In the last 3 month period, USAP beat the market returning +13.5%, while SPY returned +6.2%. However, in the most recent 2 weeks USAP has underperformed the stock market by returning +0.2%, while SPY returned +2.6%.

USAP support price is $43.75 and resistance is $44.43 (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 USAP shares will trade within this expected range on the day.