The stock price of AeroVironment Inc. (NASDAQ: AVAV) has jumped by 0.07 compared to previous close of 203.61. Despite this, the company has seen a gain of 9.78% in its stock price over the last five trading days. zacks.com reported 2024-08-29 that Evaluate the expected performance of AeroVironment (AVAV) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Is It Worth Investing in AeroVironment Inc. (NASDAQ: AVAV) Right Now?
AeroVironment Inc. (NASDAQ: AVAV) has a price-to-earnings ratio that is above its average at 92.26x. The stock has a 36-month beta value of 0.49. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for AVAV is 27.89M, and at present, short sellers hold a 3.36% of that float. On September 02, 2024, the average trading volume of AVAV was 351.68K shares.
AVAV’s Market Performance
AVAV stock saw an increase of 9.78% in the past week, with a monthly gain of 16.88% and a quarterly increase of 0.80%. The volatility ratio for the week is 5.57%, and the volatility levels for the last 30 days are 4.13% for AeroVironment Inc. (AVAV). The simple moving average for the last 20 days is 12.32% for AVAV’s stock, with a simple moving average of 30.14% for the last 200 days.
Analysts’ Opinion of AVAV
Many brokerage firms have already submitted their reports for AVAV stocks, with Robert W. Baird repeating the rating for AVAV by listing it as a “Outperform.” The predicted price for AVAV in the upcoming period, according to Robert W. Baird is $220 based on the research report published on August 28, 2024 of the current year 2024.
Alembic Global Advisors, on the other hand, stated in their research note that they expect to see AVAV reach a price target of $216. The rating they have provided for AVAV stocks is “Overweight” according to the report published on August 28th, 2024.
BTIG Research gave a rating of “Buy” to AVAV, setting the target price at $255 in the report published on June 26th of the current year.
AVAV Trading at 14.47% from the 50-Day Moving Average
After a stumble in the market that brought AVAV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.04% of loss for the given period.
Volatility was left at 4.13%, however, over the last 30 days, the volatility rate increased by 5.57%, as shares surge +22.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.08% upper at present.
During the last 5 trading sessions, AVAV rose by +9.78%, which changed the moving average for the period of 200-days by +61.84% in comparison to the 20-day moving average, which settled at $183.27. In addition, AeroVironment Inc. saw 61.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVAV starting from McDonnell Kevin Patrick, who sale 513 shares at the price of $174.70 back on Aug 01 ’24. After this action, McDonnell Kevin Patrick now owns 18,650 shares of AeroVironment Inc., valued at $89,621 using the latest closing price.
Nawabi Wahid, the Chair, President and CEO of AeroVironment Inc., sale 9,867 shares at $169.23 during a trade that took place back on Jul 05 ’24, which means that Nawabi Wahid is holding 99,892 shares at $1,669,792 based on the most recent closing price.
Stock Fundamentals for AVAV
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.39 for the gross margin
The net margin for AeroVironment Inc. stands at 0.08. The total capital return value is set at 0.08. Equity return is now at value 8.69, with 6.21 for asset returns.
Based on AeroVironment Inc. (AVAV), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 17.05.
Currently, EBITDA for the company is 108.75 million with net debt to EBITDA at -0.13. When we switch over and look at the enterprise to sales, we see a ratio of 8.0. The receivables turnover for the company is 2.66for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.56.
Conclusion
To sum up, AeroVironment Inc. (AVAV) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
