The simple moving average for the last 20 days is -1.13% for SARO stock, with a simple moving average of -1.13% for the last 200 days.
Is It Worth Investing in StandardAero Inc. (NYSE: SARO) Right Now?
SARO currently public float of 122.77M.On October 24, 2024, the average trading volume of SARO was 3.58M shares.
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SARO) stock’s latest price update
StandardAero Inc. (NYSE: SARO)’s stock price has plunge by 1.05relation to previous closing price of 31.36. Nevertheless, the company has seen a -3.06% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-05 that Seven IPOs debuted in the US this past week, raising a combined $1.8 billion. Six companies submitted initial filings this past week, most notably Ingram Micro and Cerebras Systems. As many as six companies are expected to price their IPOs in the upcoming week, including two large deals.
SARO Trading at -1.13% from the 50-Day Moving Average
After a stumble in the market that brought SARO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.82% of loss for the given period.
During the last 5 trading sessions, SARO fell by -2.88%, in comparison to the 20-day moving average. In addition, StandardAero Inc. saw -3.24% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SARO starting from GIC Private Ltd, who sale 2,900,552 shares at the price of $22.74 back on Oct 03 ’24. After this action, GIC Private Ltd now owns 47,447,058 shares of StandardAero Inc., valued at $65,958,552 using the latest closing price.
Stock Fundamentals for SARO
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
To sum up, StandardAero Inc. (SARO) has seen a bad 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.
