The stock price of Astronics Corp (NASDAQ: ATRO) has plunged by -11.86 when compared to previous closing price of 20.57, but the company has seen a 4.26% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-06 that Astronics Corporation (NASDAQ:ATRO ) Q3 2024 Earnings Conference Call November 6, 2024 4:45 AM ET Company Participants Craig Mychajluk – Investor Relations Peter Gundermann – Chairman, President and Chief Executive Officer David Burney – Executive Vice President and Chief Financial Officer Nancy Hedges – Corporate Controller and Principal Accounting Officer Conference Call Participants Jonathan Tanwanteng – CJS Securities Michael Ciarmoli – Truist Securities Operator Greetings and welcome to the Astronics Corporation Third Quarter Fiscal Year 2024 Financial Results. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Astronics Corp (NASDAQ: ATRO) Right Now?
Company’s 36-month beta value is 1.86.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ATRO is 28.67M, and currently, short sellers hold a 1.45% ratio of that floaft. The average trading volume of ATRO on November 08, 2024 was 132.27K shares.
ATRO’s Market Performance
ATRO’s stock has seen a 4.26% increase for the week, with a -9.30% drop in the past month and a -4.43% fall in the past quarter. The volatility ratio for the week is 5.46%, and the volatility levels for the past 30 days are at 3.97% for Astronics Corp The simple moving average for the last 20 days is -4.41% for ATRO stock, with a simple moving average of -5.53% for the last 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 -7.25% 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 -23.63% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 5.46%, as shares sank -6.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.53% lower at present.
During the last 5 trading sessions, ATRO rose by +4.26%, which changed the moving average for the period of 200-days by +4.02% in comparison to the 20-day moving average, which settled at $18.97. In addition, Astronics Corp saw 4.08% 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:
- 0.03 for the present operating margin
- 0.2 for the gross margin
The net margin for Astronics Corp stands at -0.01. The total capital return value is set at 0.04. Equity return is now at value -2.66, with -1.00 for asset returns.
Based on Astronics Corp (ATRO), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 1.07.
Currently, EBITDA for the company is 19.43 million with net debt to EBITDA at 4.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.03. The receivables turnover for the company is 4.04for trailing twelve months and the total asset turnover is 1.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.83.
Conclusion
In a nutshell, Astronics Corp (ATRO) has experienced a mixed performance in recent times. The stock has received mixed “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.
