Why Fox Factory Holding Corp’s (FOXF) Stock Is Down 5.17%

By Aneeqa Nadeem
September 25, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Fox Factory Holding Corp before investing.

In this article, we go over a few key elements for understanding Fox Factory Holding Corp’s stock price such as:

  • Fox Factory Holding Corp’s current stock price and volume
  • Why Fox Factory Holding Corp’s stock price changed recently
  • Upgrades and downgrades for FOXF from analysts
  • FOXF’s stock price momentum as measured by its relative strength

About Fox Factory Holding Corp (FOXF)

Before we jump into Fox Factory Holding Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance-defining products and systems for customers worldwide. The Company’s segments include Powered Vehicles Group, Aftermarket Applications Group, and Specialty Sports Group. Powered Vehicles Group includes premium products sold under the FOX brand for off-road vehicles and trucks, side-by-side, on-road vehicles with and without off-road capabilities, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Aftermarket Applications Group offers a range of aftermarket applications products including premium products under the BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Tuscany, Outside Van, SCA, and Custom Wheel House brands. Specialty Sports Group bike product offerings are used on a wide range of performance mountain bikes, e-bikes and gravel bikes under the FOX, Race Face, Easton Cycling and Marzocchi brands.

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Fox Factory Holding Corp’s Stock Price as of Market Close

As of September 25, 2024, 4:00 PM, CST, Fox Factory Holding Corp’s stock price was $41.44.

Fox Factory Holding Corp is down 5.17% from its previous closing price of $43.70.

During the last market session, Fox Factory Holding Corp’s stock traded between $43.31 and $44.27. Currently, there are 41.67 million shares of Fox Factory Holding Corp stock available for purchase.

Fox Factory Holding Corp’s price-earnings (P/E) ratio is currently at 45.0, which is high compared to the Auto, Truck & Motorcycle Parts industry median of 15.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Fox Factory Holding Corp Stock Price History

Fox Factory Holding Corp’s (FOXF) price is currently up 2.37% so far this month.

During the month of September, Fox Factory Holding Corp’s stock price has reached a high of $44.27 and a low of $34.56.

Over the last year, Fox Factory Holding Corp has hit prices as high as $100.82 and as low as $34.56. Year to date, Fox Factory Holding Corp’s stock is down 54.58%.

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What Caused Fox Factory Holding Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 24, 2024, there was 1 analyst who downgraded Fox Factory Holding Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Fox Factory Holding Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Fox Factory Holding Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Fox Factory Holding Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Fox Factory Holding Corp (FOXF) by visiting AAII Stock Evaluator.

Relative Price Strength of Fox Factory Holding Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 24, 2024, Fox Factory Holding Corp has a weighted four-quarter relative price strength of -20.87%, which translates to a Momentum Score of 16 and is considered to be Very Weak.

Want to learn more about how Fox Factory Holding Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Fox Factory Holding Corp Stock Price: Bottom Line

As of September 25, 2024, Fox Factory Holding Corp’s stock price is $41.44, which is down 5.17% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Fox Factory Holding Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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