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Strattec Security Corp.
STRT Details
Strattec Security Corporation (NASDAQ: STRT) creates, produces, and distributes mechanical locks, electronic locks, and keys. It also manufactures ignition lock housings and access control equipment. The company provides full-service aftermarket support and ships equipment to customers in the United States, Canada, Mexico, Europe, South America, Korea, and China.
Latest News:
Q2FY22 Results (ended December 26, 2022)
Key Risks:
Valuation Methodology: EV/Sales Multiple based Relative Valuation
(Source: Analysis by Kalkine Group)
Stock Recommendation:
The company's financial position is improving due to its strategy to be ready for a return to regular vehicle production rates later this calendar year. It has over USD 10 million more inventory than usual. The stock's 52-week high and low is USD 61.20 and USD 31.89. Considering the correction of 32.74% in the stock price over the past one year, stable cash position, a decline in topline, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the closing price of USD 38.34, down 0.90% as of February 14, 2022.
STRT's 3-Year Technical Price Chart. (Source: REFINITIV, Analysis by Kalkine Group)
Technical Summary Analysis
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.
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