Is Air Industries Group (AMEX: AIRI) Proving The Doubters Wrong?

Air Industries Group (AIRI) concluded trading on Thursday at a closing price of $7.17, with 68.23 million shares of worth about $489.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.82% during that period and on August 22, 2024 the price saw a gain of about 91.20%. Currently the company’s common shares owned by public are about 3.30M shares, out of which, 2.47M shares are available for trading.

Stock saw a price change of 96.44% in past 5 days and over the past one month there was a price change of 102.54%. Year-to-date (YTD), AIRI shares are showing a performance of 120.62% which increased to 136.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.60 but also hit the highest price of $7.77 during that period. The average intraday trading volume for Air Industries Group shares is 24.35K. The stock is currently trading 99.28% above its 20-day simple moving average (SMA20), while that difference is up 106.41% for SMA50 and it goes to 77.98% higher than SMA200.

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Air Industries Group (AMEX: AIRI) currently have 3.30M outstanding shares and institutions hold larger chunk of about 2.23% of that.

The stock has a current market capitalization of $23.95M and its 3Y-monthly beta is at 0.29. It has posted earnings per share of -$0.46 in the same period. It has Quick Ratio of 0.33 while making debt-to-equity ratio of 1.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AIRI, volatility over the week remained 24.20% while standing at 10.12% over the month.

Analysts are in expectations that Air Industries Group (AIRI) stock would likely to be making an EPS of -0.12 in the current quarter, while forecast for next quarter EPS is -0.1 and it is -0.31 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.12 which is -0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.4 in the same quarter a year ago.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on August 31, 2017 offering a Buy rating for the stock and assigned a target price of $1.75 to it.

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