Astronics Corporation (NASDAQ:ATRO) went down by -1.85% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Aerospace & Defense giant went up by $10.09 to trade ended Friday trading at $10.28. This is down from the $10.28 price recorded on Thursday’s trading session. Thanks to this latest performance, ATRO is closer to the higher price 52-week target of $10.00 and further from the lowest price target of $6.00. Its performance from the start of the year has also been negative, with ATRO down by -63.90% year-to-date.
Astronics Corporation (ATRO) started the day trading at $10.57 and recorded an intraday high of $10.605. It also recorded an intraday low of $9.81 during Friday’s trading session. Astronics Corporation is a very active stock that recorded a trading volume that is more than 72.47% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1782016, which is more than 72.47 of the total average daily trading volume of 490.56K.
Astronics Corporation (NASDAQ:ATRO) 2020 Performance Impressive
The increase in ATRO’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ATRO currently stands at $42.08, which is higher than the current trading price of the stock by 76.02%. However, ATRO’s current trading price is -44.35% lower than the 52-week low price of $6.99. In terms of trading volume, Astronics Corporation currently experienced healthy participation during the last trading session. 1782016 shares of Astronics Corporation were traded on the stock exchange on Friday, which is more than 72.47% of the 490.56K average trading volume of the stock.
The performance of the stock has been positive over the past year. ATRO’s performance over the past one year has seen it plunge by -74.01%, while the stock has gone down by -65.21% in the last six months. The quarterly performance of ATRO currently stands at 36.91%, and it is up by 10.03% in the last month. The only negative figure was from the weekly performance, which currently reads -9.18%. At the time of writing ATRO’s report, the company has a total market cap of $317.13M, making it one of the largest publicly-traded companies in the world.Astronics Corporation also has over 2800 employees all over the world.
ATRO Insider Activities
For Astronics Corporation, insiders hold 90.10% of all company shares. The insider transactions over the past six months are up by 1.60%. During that period, insiders bought 140,375 shares in 8 transactions. In that same period, insiders sold 478,572 of their shares in 3 transactions. After these transactions, insiders at Astronics Corporation now hold 793.19k shares, which is over 88.74% of the total company stocks. Institutional investors currently hold a large chunk of the ATRO shares, as they control 2.58% of the company’s total stock.
ATRO Fundamental Analysis
For Astronics Corporation, the stock’s diluted earnings per share (EPS) stands at -3.04. In the coming year, analysts expect the EPS to be 0.00. The stock’s EPS growth this year is 12.50%, -8.40% in the previous five years. In terms of revenue, Astronics Corporation’s quarterly sales (YOY) is shrinking at -0.23, which is higher than the average annual revenue of -8.40% over the past half a decade.
The Return on Investment (ROI) on Astronics Corporation’s stock currently stands at 11.90%, and it has a net profit margin of -12.90%. The operating margin of the company is -12.50%, and its gross margin is 19.40%.
ATRO Analysts Prediction
The Dougherty & Company has a Buy rating for Astronics Corporation, predicting the stock price to stay between $40 and $38. Another analyst that has a Buy rating for ATRO is Dougherty & Company, which set a price target of between $46 and $40. SunTrust reiterate their Sell position on the stock ($41 and $36) and Canaccord Genuity reiterate their Hold position on the stock ($50 and $41).
Analysts at Canaccord Genuity believe that ATRO is Buy, and they have a price target of between $48 and $50. Canaccord Genuity and Dougherty & Company also believe that Astronics Corporation’s stock is outperforming at the moment. ATRO received a positive rating from Dougherty & Company, which set a price target of $40-$45 for the stock.
At the moment, Astronics Corporation’s Total Debt to Equity ratio stands at 1.08, and they have a long-term Debt to Equity ratio of 1.07.
ATRO Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ATRO currently stands at -7.73%, while the SMA50 is 7.42%. The biggest one is the SMA200, which is currently reading -53.05% ahead of Friday’s trading session. The Relative Strength Index of this stock is 48.22.