AeroVironment Inc. (NASDAQ: AVAV)’s stock price has gone rise by 11.90 in comparison to its previous close of 182.76, however, the company has experienced a 17.85% increase in its stock price over the last five trading days. fool.com reported 2024-09-23 that AeroVironment has been told to continue production of its Switchblade drone. A $990 million contract award for the Switchblade is under protest, which delayed deliveries.
Is It Worth Investing in AeroVironment Inc. (NASDAQ: AVAV) Right Now?
The price-to-earnings ratio for AeroVironment Inc. (NASDAQ: AVAV) is above average at 96.44x. The 36-month beta value for AVAV is also noteworthy at 0.50. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AVAV is 27.90M, and at present, short sellers hold a 4.61% of that float. The average trading volume of AVAV on September 24, 2024 was 377.83K shares.
AVAV’s Market Performance
AVAV stock saw an increase of 17.85% in the past week, with a monthly gain of 11.14% and a quarterly increase of 7.35%. The volatility ratio for the week is 4.69%, and the volatility levels for the last 30 days are 5.29% for AeroVironment Inc. (AVAV). The simple moving average for the past 20 days is 10.54% for AVAV’s stock, with a 27.43% simple moving average for the past 200 days.
Analysts’ Opinion of AVAV
Robert W. Baird, on the other hand, stated in their research note that they expect to see AVAV reach a price target of $220, previously predicting the price at $161. The rating they have provided for AVAV stocks is “Outperform” according to the report published on August 28th, 2024.
Alembic Global Advisors gave a rating of “Overweight” to AVAV, setting the target price at $216 in the report published on August 28th of the current year.
AVAV Trading at 14.14% 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 -8.71% of loss for the given period.
Volatility was left at 5.29%, however, over the last 30 days, the volatility rate increased by 4.69%, as shares surge +10.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.04% upper at present.
During the last 5 trading sessions, AVAV rose by +17.85%, which changed the moving average for the period of 200-days by +44.80% in comparison to the 20-day moving average, which settled at $185.95. In addition, AeroVironment Inc. saw 62.25% 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 396 shares at the price of $196.22 back on Sep 03 ’24. After this action, McDonnell Kevin Patrick now owns 18,254 shares of AeroVironment Inc., valued at $77,703 using the latest closing price.
McDonnell Kevin Patrick, the Sr. VP and CFO of AeroVironment Inc., sale 513 shares at $174.70 during a trade that took place back on Aug 01 ’24, which means that McDonnell Kevin Patrick is holding 18,650 shares at $89,621 based on the most recent closing price.
Stock Fundamentals for AVAV
Current profitability levels for the company are sitting at:
- 0.09 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 8.30, with 6.46 for asset returns.
Based on AeroVironment Inc. (AVAV), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 2.31. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 28.0.
Currently, EBITDA for the company is 108.75 million with net debt to EBITDA at -0.33. When we switch over and look at the enterprise to sales, we see a ratio of 7.61. The receivables turnover for the company is 2.95for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.26.
Conclusion
In summary, AeroVironment Inc. (AVAV) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
