In the last trading session, 1,295,614 shares of the Air Industries Group(NYSE:AIRI) were traded, and its beta was 1.26. Most recently the company’s share price was $2, and it changed around -$0.05 or -0.02% from the last close, which brings the market valuation of the company to $63.46 Million. AIRI currently trades at a discount to its 52-week high of $2.46, offering almost -23% off that amount. The share price’s 52-week low was $0.6, which indicates that the current value has risen by an impressive 70% since then. We note from Air Industries Group’s average daily trading volume that its 10-day average is 2.23 Million shares, with the 3-month average coming to 946.49 Million.
Air Industries Group stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended AIRI as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Air Industries Group is expected to report earnings per share of $0 for the current quarter.
Air Industries Group (NYSE:AIRI): Trading Information
Although AIRI has showed a red trend with a performance of -2.44% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $2.46- on Tuesday, Feb 16 increased the stock’s daily price by 18.7%. The company’s shares are currently up 0.63% year-to-date, but still up 0.0638 over the last five days. On the other hand, Air Industries Group (NYSE:AIRI) is 0.35% up in the 30-day period. We can see from the shorts that 104.66 Million shares have been sold at a short interest cover period of 0.11 day(s).
The consensus price target as assigned by Wall Street analysts is $2.25, which translates to bears needing to increase their stock price by 12.5% from its current value. Analyst projections state that AIRI is forecast to be at a low of $2.25 and a high of $2.25. In order for the stock price to hit the forecast high, the stock would need to surge +12.5% from its current level, while the stock would need to crash 12.5% from its current level to reach the projected low.
Air Industries Group (AIRI) projections and forecasts
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $14Million in revenue for the current quarter. 1 analysts expect Air Industries Group to make $15.5 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $13.33 Million and $13.45 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5%. Forecasts for the next quarter put sales growth at 15.3%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24%. Air Industries Group earnings are expected to increase by 71.7% in 2021, but the outlook is negative 0% per year for the next five years.
Air Industries Group (NYSE:AIRI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 21.9% of Air Industries Group shares, and 23.56% of them are in the hands of institutional investors. The stock currently has a share float of 30.16%. Air Industries Group stock is held by 22 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 2.77% of the shares, which is about 879.34 Thousand shares worth $1.07 Million.
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