The stock of StandardAero Inc (NYSE: SARO) has decreased by -0.85 when compared to last closing price of 29.32. Despite this, the company has experienced a -3.23% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-11-13 that SCOTTSDALE, Ariz.–(BUSINESS WIRE)–StandardAero (NYSE: SARO) announced results today for its third quarter ended September 30, 2024 (“Third Quarter 2024”). Third Quarter 2024 Highlights Revenue increased 13.2% year-over-year to $1,244.6 million Net Income was $16.4 million; Net Income Margin was 1.3% Adjusted EBITDA increased 26.0% year-over-year to $168.4 million Adjusted EBITDA Margin was 13.5%, an increase of 137 basis points compared to the prior year’s quarter Capital expenditures were $2.
Is It Worth Investing in StandardAero Inc (NYSE: SARO) Right Now?
Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for SARO is 122.77M, and currently, short sellers hold a 2.69% ratio of that float. The average trading volume of SARO on November 14, 2024 was 2.47M shares.
SARO’s Market Performance
The volatility ratio for the week is 3.56%, and the volatility levels for the last 30 days are 3.67% for StandardAero Inc (SARO). The simple moving average for the last 20 days is -3.24% for SARO stock, with a simple moving average of -5.66% 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 -5.66% 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 -15.45% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 3.56%, as shares sank -9.38% for the moving average over the last 20 days.
During the last 5 trading sessions, SARO fell by -3.23%, in comparison to the 20-day moving average, which settled at $30.04. In addition, StandardAero Inc saw -11.24% 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 put it simply, StandardAero Inc (SARO) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
