The trading price of AeroVironment Inc (NASDAQ:AVAV) floating lower at last check on current market day and closing at $137.55, -3.07% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 79.66. In examining the 52-week price action we see that the stock hit a 52-week high of $236.60 and a 52-week low of $135.17. Over the past month, the stock has lost -20.48% in value.
AeroVironment Inc, whose market valuation is $3.88 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.44 per share this quarter, however they have predicted annual earnings per share of 3.12 for current year and 4.21 for next year.
Analysts have forecast the company to bring in revenue of 239.81M for the current quarter, with the likely lows of 235M and highs of 245.93M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 789.65M.
On the technical side, indicators suggest AVAV has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AVAV a recommendation rating is 9. Out of them, 2 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged AeroVironment Inc (AVAV) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.59, which symbolizes a positive outlook. A quick review shows that AVAV’s price is currently -13.99% off the SMA20 and -16.40% off the SMA50. The RSI metric on the 14-day chart is currently showing 26.76, and weekly volatility stands at 5.11%. When measured over the past 30 days, the indicator reaches 4.81%. AeroVironment Inc (NASDAQ:AVAV)’s beta value is currently sitting at 0.66, while the Average True Range indicator is currently displaying 9.17. With analysts defining $90-$245 as the low and high price targets, we arrive at a consensus price target of $216 for the trailing 12-month period. The current price is about 34.57% off the estimated low and -78.12% off the forecast high, based on this estimate. Investors will be thrilled if AVAV’s share price rises to $216, which is the median consensus price. At that level, AVAV’s share price would be -57.03% below current price.
To see how AeroVironment Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: AVAV stock’s performance was -3.07% at last check in today’s session, and 6.85% in the past year. AeroVironment Inc has a P/E ratio of 79.66, compared to Lockheed Martin Corp.’s 20.39 and Huntington Ingalls Industries Inc.’s 13.14.
An evaluation of the daily trading volume of AeroVironment Inc (NASDAQ:AVAV) indicates that the 3-month average is 497.40K.
Currently, records show that 28.21 million of the company’s shares remain outstanding. The insiders hold 1.09% of outstanding shares, whereas institutions hold 97.14%. However, since the stock’s price has seen -10.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
