Stoneridge Stock Today
| SRI Stock | USD 15.61 0.26 1.69% |
Performance0 of 100
| Odds Of DistressLess than 11
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Stoneridge is trading at 15.61 as of the 19th of April 2024. This is a 1.69 percent increase since the beginning of the trading day. The stock's open price was 15.35. Stoneridge has less than a 11 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Stoneridge are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of January 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Automobiles & Components | IPO Date 10th of October 1997 | Category Consumer Cyclical | Classification Consumer Discretionary |
Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company has 27.67 M outstanding shares of which 704.79 K shares are at this time shorted by investors with about 6.47 days to cover. More on Stoneridge
Moving together with Stoneridge Stock
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Moving against Stoneridge Stock
| 0.41 | XOSWW | Xos Equity Warrants | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 1st of May 2024
Stoneridge Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Stoneridge's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Stoneridge or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Jonathan DeGaynor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Automobiles and Trucks (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Automotive Parts & Equipment, Automobiles & Components, Consumer Discretionary, NYSE Composite, Automobiles and Trucks, Consumer Discretionary, Automobile Components, Auto Parts, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Stoneridge report their recommendations after researching Stoneridge's financial statements, talking to executives and customers, or listening in on Stoneridge's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Stoneridge. The Stoneridge consensus assessment is calculated by taking the average forecast from all of the analysts covering Stoneridge. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Stoneridge's historical financial statements, Stoneridge is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Stoneridge is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Stoneridge's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Stoneridge's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Stoneridge's financial leverage. It provides some insight into what part of Stoneridge's total assets is financed by creditors.
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Stoneridge (SRI) is traded on New York Stock Exchange in USA. It is located in 39675 MacKenzie Drive, Novi, MI, United States, 48377 and employs 4,850 people. Stoneridge is listed under Automotive Parts & Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 424.67 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Stoneridge's market, we take the total number of its shares issued and multiply it by Stoneridge's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Stoneridge runs under Automobile Components sector within Consumer Discretionary industry. The entity has 27.67 M outstanding shares of which 704.79 K shares are at this time shorted by investors with about 6.47 days to cover.
Stoneridge has about 54.8 M in cash with 4.95 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.51.
Check Stoneridge Probability Of Bankruptcy
Ownership AllocationStoneridge maintains a total of 27.67 Million outstanding shares. The majority of Stoneridge outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Stoneridge to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Stoneridge. Please pay attention to any change in the institutional holdings of Stoneridge as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Stoneridge Ownership Details
Stoneridge Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Stoneridge jumping above the current price in 90 days from now is about 98.0%. The Stoneridge probability density function shows the probability of Stoneridge stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.6751. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Stoneridge will likely underperform. Additionally, stoneridge has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Stoneridge to move above the current price in 90 days from now is about 98.0 (This Stoneridge probability density function shows the probability of Stoneridge Stock to fall within a particular range of prices over 90 days) .
Stoneridge Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Stoneridge that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Stoneridge's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Stoneridge's value.| Instituion | Recorded On | Shares | |
| State Street Corporation | 2023-12-31 | 626.2 K | |
| Geode Capital Management, Llc | 2023-12-31 | 574.2 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 440.9 K | |
| Ranger Investment Management Lp | 2023-12-31 | 373.2 K | |
| Evr Research Lp | 2023-12-31 | 362.4 K | |
| Raymond James Finl Svs Advisors, Inc. | 2023-12-31 | 347.7 K | |
| Kennedy Capital Management Inc | 2023-12-31 | 324.6 K | |
| Private Capital Management, Llc | 2023-12-31 | 283.1 K | |
| Northern Trust Corp | 2023-12-31 | 253.6 K | |
| Thrivent Financial For Lutherans | 2023-12-31 | 3 M | |
| Frontier Capital Management Co Inc | 2023-12-31 | 2.2 M |
Stoneridge Historical Income Statement
Stoneridge Income Statement is one of the three primary financial statements used for reporting Stoneridge's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Stoneridge revenue and expense. Stoneridge Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Stoneridge's Selling General Administrative is decreasing as compared to previous years. The Stoneridge's current Tax Provision is estimated to increase to about 3.4 M, while Depreciation And Amortization is projected to decrease to under 29.3 M. View More FundamentalsStoneridge Stock Against Markets
Picking the right benchmark for Stoneridge stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Stoneridge stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Stoneridge is critical whether you are bullish or bearish towards Stoneridge at a given time. Please also check how Stoneridge's historical prices are related to one of the top price index indicators.
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Stoneridge Corporate Directors
Stoneridge corporate directors refer to members of a Stoneridge board of directors. The board of directors generally takes responsibility for the Stoneridge's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Stoneridge's board members must vote for the resolution. The Stoneridge board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Douglas Jacobs | Independent Director | Profile | |
| Regan Grant | Director of Global Strategic Marketing and Communications | Profile | |
| Ira Kaplan | Independent Director | Profile | |
| William Lasky | Lead Independent Director | Profile |
How to buy Stoneridge Stock?
Before investing in Stoneridge, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Stoneridge. To buy Stoneridge stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Stoneridge. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Stoneridge stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Stoneridge stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Stoneridge stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Stoneridge, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Stoneridge Stock please use our How to Invest in Stoneridge guide.
Already Invested in Stoneridge?
The danger of trading Stoneridge is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Stoneridge is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Stoneridge. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Stoneridge is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Stoneridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stoneridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Stoneridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Stoneridge Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stoneridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Stoneridge Stock please use our How to Invest in Stoneridge guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Stoneridge Stock analysis
When running Stoneridge's price analysis, check to measure Stoneridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stoneridge is operating at the current time. Most of Stoneridge's value examination focuses on studying past and present price action to predict the probability of Stoneridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stoneridge's price. Additionally, you may evaluate how the addition of Stoneridge to your portfolios can decrease your overall portfolio volatility.
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Is Stoneridge's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Stoneridge. If investors know Stoneridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Stoneridge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.948 | Earnings Share (0.19) | Revenue Per Share 35.558 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0163 |
The market value of Stoneridge is measured differently than its book value, which is the value of Stoneridge that is recorded on the company's balance sheet. Investors also form their own opinion of Stoneridge's value that differs from its market value or its book value, called intrinsic value, which is Stoneridge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Stoneridge's market value can be influenced by many factors that don't directly affect Stoneridge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Stoneridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stoneridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stoneridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.