A share price of AeroVironment Inc. [AVAV] is currently trading at $166.23, down -6.44%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVAV shares have gain 29.13% over the last week, with a monthly amount glided 33.68%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, AeroVironment Announces Fiscal 2024 Third Quarter Results. In a post published today on Yahoo Finance, AeroVironment, Inc. (“AeroVironment” or the “Company”) reported today financial results for the fiscal third quarter ended January 27, 2024.
From an analyst’s perspective:
AeroVironment Inc. [NASDAQ: AVAV] stock has seen the most recent analyst activity on March 08, 2024, when Robert W. Baird downgraded its rating to a Neutral but kept the price target unchanged to $161 for it. Previously, Raymond James downgraded its rating to Outperform on October 09, 2023, and dropped its price target to $125. On September 07, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $115 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $128 on September 06, 2023. Jefferies initiated its recommendation with a Buy and recommended $115 as its price target on June 15, 2023. Raymond James upgraded its rating to Strong Buy for this stock on April 04, 2023, and upped its price target to $130. In a note dated November 10, 2022, Raymond James upgraded an Outperform rating on this stock but restated the target price of $100.
AeroVironment Inc. experienced fluctuations in its stock price throughout the past year between $87.33 and $184.61. Currently, Wall Street analysts expect the stock to reach $100.5 within the next 12 months. AeroVironment Inc. [NASDAQ: AVAV] shares were valued at $166.23 at the most recent close of the market. An investor can expect a potential drop of -39.54% based on the average AVAV price forecast.
Analyzing the AVAV fundamentals
Trailing Twelve Months sales for AeroVironment Inc. [NASDAQ:AVAV] were 705.78M which represents 38.83% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.16 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 159.51 points at the first support level, and at 152.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 174.97, and for the 2nd resistance point, it is at 183.72.
AeroVironment Inc. [AVAV] reported earnings per share of $0.63 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.33/share, meaning a difference of $0.3 and a surprise factor of 90.90%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.97 per share as compared to estimates of $0.62 per share, a difference of $0.35 representing a surprise of 56.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AeroVironment Inc. [NASDAQ:AVAV] is 4.66. As well, the Quick Ratio is 3.16, while the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 6.63, the price to book ratio is 5.75.
Transactions by insiders
Recent insider trading involved Stevenson Trace E, Sr. VP, that happened on Mar 07 ’24 when 1913.0 shares were sold. VP, Chief Accounting Officer, Shackley Brian Charles completed a deal on Sep 11 ’23 to sell 475.0 shares. Meanwhile, Director PAGE STEPHEN F sold 2105.0 shares on Mar 30 ’23.
