Air Industries Group (AMEX: AIRI) Has Slid Negatively For The Year To Date, Predicting What Will Happen Next

Air Industries Group (AMEX:AIRI)’s traded shares stood at 0.41 million during the last session, with the company’s beta value hitting 0.30. At the close of trading, the stock’s price was $7.41, to imply an increase of 18.37% or $1.15 in intraday trading. The AIRI share’s 52-week high remains $9.44, putting it -27.4% down since that peak but still an impressive 64.91% since price per share fell to its 52-week low of $2.60. The company has a valuation of $24.75M, with an average of 0.21 million shares in intraday trading volume over the past 10 days and average of 1.19 million shares over the past 3 months.

Air Industries Group (AMEX:AIRI) trade information

After registering a 18.37% 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 24.33%, and 108.73% over 30 days. With these gigs, the year-to-date price performance is 128.00%. Short interest in Air Industries Group (AMEX:AIRI) saw shorts transact 0.12 million shares and set a 0.04 days time to cover.

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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 outperformed competitors. Air Industries Group (AIRI) shares are 77.49% up over the last 6 months, with its year-to-date growth rate higher than industry average at 92.31% against 11.00%. Revenue is forecast to grow 95.00% this quarter before jumping 33.30% for the next one. The rating firms project that company’s revenue will grow 7.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 12.82M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 14.72M.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 4.30% before jumping 9.30% 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 2.56% of the shares at 3.51% float percentage. In total, 2.56% institutions holds shares in the company.