During the recent session, Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW)’s traded shares were 3.81 million, with the beta value of the company hitting 1.29. At the last check today, the stock’s price was $99.65, reflecting an intraday gain of 2.97% or $2.87. The 52-week high for the AAWW share is $97.67, that puts it up 1.99 from that peak though still a striking 41.09% gain since the share price plummeted to a 52-week low of $58.70. The company’s market capitalization is $2.57B, and the average intraday trading volume over the past 10 days was 1.29 million shares, and the average trade volume was 573.18K shares over the past three months.
Atlas Air Worldwide Holdings Inc. (AAWW) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.50. AAWW has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $3.34.
Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW) trade information
Atlas Air Worldwide Holdings Inc. (AAWW) registered a 2.97% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.97% in intraday trading to $99.65 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 35.83%, and it has moved by 57.14% in 30 days. Based on these gigs, the overall price performance for the year is 43.36%. The short interest in Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW) is 3.37 million shares and it means that shorts have 9.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $102.40, which implies an increase of 2.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $82.00 and $130.00 respectively. As a result, AAWW is trading at a discount of -30.46% off the target high and 17.71% off the low.
Atlas Air Worldwide Holdings Inc. (AAWW) estimates and forecasts
Statistics show that Atlas Air Worldwide Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Atlas Air Worldwide Holdings Inc. (AAWW) shares have gone up 17.89% during the last six months, with a year-to-date growth rate less than the industry average at -12.10% against 14.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -18.50% this quarter and then drop -12.30% in the quarter after that. In the rating firms’ projections, revenue will increase 14.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.11 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $1.16 billion by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 56.90%. While earnings are projected to return 19.70% in 2022, the next five years will return 10.00% per annum.
Atlas Air Worldwide Holdings Inc. is due to release its next quarterly earnings on August 05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW)’s Major holders
Atlas Air Worldwide Holdings Inc. insiders own 1.30% of total outstanding shares while institutional holders control 112.91%, with the float percentage being 114.40%. Blackrock Inc. is the largest shareholder of the company, while 397 institutions own stock in it. As of Mar 30, 2022, the company held over 4.4 million shares (or 15.61% of all shares), a total value of $438.53 million in shares.
The next largest institutional holding, with 3.09 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.96% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $307.74 million.
Also, the Mutual Funds coming in first place with the largest holdings of Atlas Air Worldwide Holdings Inc. (AAWW) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2022 indicates that iShares Core S&P Smallcap ETF owns about 1.86 million shares. This amounts to just over 6.60 percent of the company’s overall shares, with a $185.29 million market value. The same data shows that the other fund manager holds slightly less at 0.83 million, or about 2.95% of the stock, which is worth about $82.8 million.