Autoliv (ALV) Stock Surges Amid Strong Earnings and Industry Performance

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Dec 02, 2024
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Autoliv (ALV, Financial) shares experienced a notable increase of 0.89%, reaching $100.00 per share, with a trading volume of 225,707 shares and a turnover rate of 0.29%. The stock's amplitude was recorded at 1.12%. Recent financial reports revealed an operating income of $2.555 billion, a net profit of $138 million, and earnings per share of $1.74. The gross profit amounted to $460 million, with a price-to-earnings ratio of 13.04.

Among 28 analysts, 61% recommended buying, while 39% advised holding, with no sell recommendations. In the auto parts sector, where Autoliv operates, the overall growth was 0.55%. Notable performers included Dana, SES AI Corp, and Hyzon Motors Inc. The sector also saw active trading in Luminar Technologies, Hesai, and Carbon Revolution.

Autoliv is a leading provider of passive safety components in the automotive industry, with major clients like the Renault-Nissan-Mitsubishi Alliance, Stellantis, and Volkswagen.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.