Astronics Corp. (NASDAQ: ATRO) has experienced a decline in its stock price by -9.65 compared to its previous closing price of 21.04. However, the company has seen a fall of -6.81% in its stock price over the last five trading days. businesswire.com reported 2024-10-15 that EAST AURORA, N.Y.–(BUSINESS WIRE)–Astronics Corporation (NASDAQ: ATRO) Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025.
Is It Worth Investing in Astronics Corp. (NASDAQ: ATRO) Right Now?
The 36-month beta value for ATRO is at 1.82. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ATRO is 28.67M, and currently, shorts hold a 1.30% of that float. The average trading volume for ATRO on October 21, 2024 was 150.73K shares.
ATRO’s Market Performance
ATRO’s stock has seen a -6.81% decrease for the week, with a -8.16% drop in the past month and a -14.60% fall in the past quarter. The volatility ratio for the week is 4.18%, and the volatility levels for the past 30 days are at 3.00% for Astronics Corp. The simple moving average for the past 20 days is -4.68% for ATRO’s stock, with a -0.25% simple moving average for the past 200 days.
Analysts’ Opinion of ATRO
Many brokerage firms have already submitted their reports for ATRO stocks, with Colliers Securities repeating the rating for ATRO by listing it as a “Buy.” The predicted price for ATRO in the upcoming period, according to Colliers Securities is $19 based on the research report published on September 20, 2021 of the previous year 2021.
Truist, on the other hand, stated in their research note that they expect to see ATRO reach a price target of $14, previously predicting the price at $6. The rating they have provided for ATRO stocks is “Hold” according to the report published on December 01st, 2020.
CJS Securities gave a rating of “Market Outperform” to ATRO, setting the target price at $16 in the report published on November 20th of the previous year.
ATRO Trading at -4.47% from the 50-Day Moving Average
After a stumble in the market that brought ATRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.92% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares sank -6.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.05% lower at present.
During the last 5 trading sessions, ATRO fell by -6.81%, which changed the moving average for the period of 200-days by +15.56% in comparison to the 20-day moving average, which settled at $19.94. In addition, Astronics Corp. saw 9.13% 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 ATRO starting from Kuehn Michael C, who sale 7,074 shares at the price of $17.72 back on Mar 14 ’24. After this action, Kuehn Michael C now owns 12,875 shares of Astronics Corp., valued at $125,351 using the latest closing price.
Kuehn Michael C, the Executive Vice President of Astronics Corp., sale 2,209 shares at $20.16 during a trade that took place back on Feb 29 ’24, which means that Kuehn Michael C is holding 14,248 shares at $44,533 based on the most recent closing price.
Stock Fundamentals for ATRO
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.22 for the gross margin
The net margin for Astronics Corp. stands at -0.02. The total capital return value is set at 0.01. Equity return is now at value -4.77, with -1.79 for asset returns.
Based on Astronics Corp. (ATRO), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 0.11.
Currently, EBITDA for the company is 19.43 million with net debt to EBITDA at 9.23. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. The receivables turnover for the company is 3.98for trailing twelve months and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.92.
Conclusion
In conclusion, Astronics Corp. (ATRO) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
