AeroVironment Inc. (AVAV) – Don’t Be So Quick to Call it Dead

AeroVironment Inc. (NASDAQ: AVAV) is 16.29% higher on its value in year-to-date trading and has touched a low of $45.00 and a high of $79.54 in the current 52-week trading range. The AVAV stock was last observed hovering at around $71.80 in the last trading session, with the day’s gains setting it 7.05% off its average median price target of $86.00 for the next 12 months. It is also 15.22% off the consensus price target high of $93.00 offered by 7 analysts, but current levels are -1.09% lower than the price target low of $78.00 for the same period.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Currently trading at $78.85, the stock is 10.68% and 21.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.6 million and changing 9.81% at the moment leaves the stock 27.75% off its SMA200. AVAV registered 17.11% gain for a year compared to 6-month gain of 11.58%. The firm has a 50-day simple moving average (SMA 50) of $67.74 and a 200-day simple moving average (SMA200) of $62.95.

The stock witnessed a 6.86% loss in the last 1 month and extending the period to 3 months gives it a 37.89%, and is 3.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.15% over the week and 4.78% over the month.

AeroVironment Inc. (AVAV) has around 699 employees, a market worth around $1.78B and $320.00M in sales. Current P/E ratio is 58.04 and Fwd P/E is 38.05. Profit margin for the company is 9.20%. Distance from 52-week low is 75.21% and -0.87% from its 52-week high. The company has generated returns on investments over the last 12 months (6.30%).

AeroVironment Inc. (AVAV) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for AeroVironment Inc. (AVAV) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.30, where 3 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

AeroVironment Inc. is expected to release its quarterly report on 09/09/2020 and quarterly earnings per share for the current quarter are estimated at $0.7 with sales reaching $123.62M over the same period.The EPS is expected to grow by 68.40% this year, but quarterly earnings will post 13.20% year-over-year. Quarterly sales are estimated to grow 40.60% in year-over-year returns.

AeroVironment Inc. (AVAV) Top Institutional Holders

286 institutions hold shares in AeroVironment Inc. (AVAV), with 2.09M shares held by insiders accounting for 8.77% while institutional investors hold 94.02% of the company’s shares. The shares outstanding are 23.82M, and float is at 21.88M with Short Float at 6.55%. Institutions hold 85.77% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 3.36 million shares valued at $205.09 million. The investor’s holdings represent 14.02% of the AVAV Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 2.55 million shares valued at $155.2 million to account for 10.61% of the shares outstanding. The other top investors are American Capital Management, Inc. which holds 1.63 million shares representing 6.77% and valued at over $99.1 million, while State Street Corporation holds 5.21% of the shares totaling 1.25 million with a market value of $76.15 million.

AeroVironment Inc. (AVAV) Insider Activity

A total of 11 insider transactions have happened at AeroVironment Inc. (AVAV) in the last six months, with sales accounting for 9 and purchases happening 2 times. The most recent transaction is an insider sale by Conver Timothy E, the company’s Chairman of the Board. SEC filings show that Conver Timothy E sold 6,896 shares of the company’s common stock on Jan 24 at a price of $67.69 per share for a total of $0.47 million. Following the sale, the insider now owns 1.03 million shares.

AeroVironment Inc. disclosed in a document filed with the SEC on Jan 23 that Conver Timothy E (Chairman of the Board) sold a total of 7,896 shares of the company’s common stock. The trade occurred on Jan 23 and was made at $67.93 per share for $0.54 million. Following the transaction, the insider now directly holds 1.04 million shares of the AVAV stock.

Still, SEC filings show that on Jan 09, Conver Timothy E (Chairman of the Board) disposed off 8,599 shares at an average price of $69.70 for $0.6 million. The insider now directly holds 1,045,622 shares of AeroVironment Inc. (AVAV).

AeroVironment Inc. (AVAV): Who are the competitors?

The company’s main competitors (and peers) include Lockheed Martin Corporation (LMT) that is trading -0.21% down over the past 12 months. AAR Corp. (AIR) is -45.78% down on the 1-year trading charts. Short interest in the company’s stock has fallen -6.38% from the last report on May 14, 2020 to stand at a total of 1.5 million short shares sold with a short interest ratio of 6.19.

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free