Air Industries Group (AMEX: AIRI): At Current Prices, Does It Make Sense To Wait?

Air Industries Group (AMEX:AIRI)’s traded shares stood at 68.23 million during the last session, with the company’s beta value hitting 0.29. At the close of trading, the stock’s price was $7.17, to imply an increase of 91.20% or $3.42 in intraday trading. The AIRI share’s 52-week high remains $7.77, putting it -8.37% down since that peak but still an impressive 63.74% since price per share fell to its 52-week low of $2.60. The company has a valuation of $23.95M, with an average of 41120.0 shares in intraday trading volume over the past 10 days and average of 24.35K shares over the past 3 months.

Air Industries Group (AMEX:AIRI) trade information

After registering a 91.20% upside in the last session, Air Industries Group (AIRI) has traded red over the past five days. The 5-day price performance for the stock is 96.44%, and 102.54% over 30 days. With these gigs, the year-to-date price performance is 120.62%. Short interest in Air Industries Group (AMEX:AIRI) saw shorts transact 4570.0 shares and set a 0.3 days time to cover.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Air Industries Group (AIRI) estimates and forecasts

Looking at statistics comparing Air Industries Group share performance against respective industry, we note that the company has underperformed competitors. Air Industries Group (AIRI) shares are 48.82% up over the last 6 months, with its year-to-date growth rate lower than industry average at 0.00% against 11.60%. Revenue is forecast to grow 70.00% this quarter before falling -266.70% for the next one. The rating firms project that company’s revenue will grow 2.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 13.25M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 13.7M.Earnings reports from the last fiscal year show that sales brought in 12.29M and 13.47M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 7.80% before jumping 1.70% in the following quarter.

AIRI Dividends

Air Industries Group has its next earnings report out on 2024-Dec-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Air Industries Group (AMEX:AIRI)’s Major holders

Air Industries Group insiders hold 27.19% of total outstanding shares, with institutional holders owning 2.71% of the shares at 3.72% float percentage. In total, 2.71% institutions holds shares in the company.