Why Acquire Shares Of CPI Aerostructures Inc (CVU)?

CPI Aerostructures Inc (AMEX:CVU) has a beta value of 1.51 and has seen 54551.0 shares traded in the last trading session. The company, currently valued at $57.46M, closed the last trade at $4.42 per share which meant it lost -$0.08 on the day or -1.78% during that session. The CVU stock price is -32.35% off its 52-week high price of $5.85 and 51.13% above the 52-week low of $2.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 69760.0 shares traded. The 3-month trading volume is 74.05K shares.

CPI Aerostructures Inc (AMEX:CVU) trade information

Sporting -1.78% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CVU stock price touched $4.42 or saw a rise of 11.95%. Year-to-date, CPI Aerostructures Inc shares have moved 9.14%, while the 5-day performance has seen it change -0.90%. Over the past 30 days, the shares of CPI Aerostructures Inc (AMEX:CVU) have changed -5.35%. Short interest in the company has seen 32629.0 shares shorted with days to cover at 0.27.

CVU Dividends

CPI Aerostructures Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

CPI Aerostructures Inc (AMEX:CVU)’s Major holders

Insiders own 22.44% of the company shares, while shares held by institutions stand at 19.17% with a share float percentage of 24.72%. Investors are also buoyed by the number of investors in a company, with CPI Aerostructures Inc having a total of 31.0 institutions that hold shares in the company. The top two institutional holders are ROYCE & ASSOCIATES LP with over 0.68 million shares worth more than $1.67 million. As of 2024-06-30, ROYCE & ASSOCIATES LP held 5.4174% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 0.46 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.14 million and represent 3.6902% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Royce Micro-Cap Fund and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.78% shares in the company for having 343.19 shares of worth $1.52 million while later fund manager owns 308.43 shares of worth $1.36 million as of Sep 30, 2024, which makes it owner of about 2.50% of company’s outstanding stock.