Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SARO is 122.77M and currently, short sellers hold a 2.29% of that float. On November 05, 2024, SARO’s average trading volume was 2.79M shares.
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SARO) stock’s latest price update
The stock of StandardAero Inc (NYSE: SARO) has increased by 2.59 when compared to last closing price of 28.61. Despite this, the company has experienced a 0.51% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-04 that SCOTTSDALE, Ariz.–(BUSINESS WIRE)–StandardAero, Inc. (NYSE: SARO) will report its third quarter 2024 earnings results after the market closes on Wednesday, November 13, 2024. StandardAero will hold a conference call to discuss the results at 5:00 PM ET that day. A live webcast of the conference call will be made available on the Events section of StandardAero’s investor relations website at https://ir.standardaero.com/news-events/events. The earnings release and presentation will also be post.
SARO’s Market Performance
The volatility ratio for the week is 3.04%, and the volatility levels for the past 30 days are at 3.72% for SARO. The simple moving average for the last 20 days is -4.51% for SARO stock, with a simple moving average of -5.71% for the last 200 days.
Analysts’ Opinion of SARO
Many brokerage firms have already submitted their reports for SARO stocks, with Wolfe Research repeating the rating for SARO by listing it as a “Outperform.” The predicted price for SARO in the upcoming period, according to Wolfe Research is $34 based on the research report published on October 28, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see SARO reach a price target of $34. The rating they have provided for SARO stocks is “Neutral” according to the report published on October 28th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to SARO, setting the target price at $37 in the report published on October 28th of the current year.
SARO Trading at -5.71% 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 -14.63% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares sank -10.79% for the moving average over the last 20 days.
During the last 5 trading sessions, SARO rose by +0.48%, in comparison to the 20-day moving average, which settled at $30.73. In addition, StandardAero Inc saw -10.38% 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 wrap up, the performance of StandardAero Inc (SARO) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
