Astronics Corp (NASDAQ: ATRO) is -7.92% lower on its value in year-to-date trading and has touched a low of $14.13 and a high of $23.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ATRO stock was last observed hovering at around $15.66 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $16.04, the stock is -7.14% and -14.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 2.43% at the moment leaves the stock -16.12% off its SMA200. ATRO registered 5.11% gain for a year compared to 6-month loss of -21.49%. The firm has a 50-day simple moving average (SMA 50) of $18.6532 and a 200-day simple moving average (SMA200) of $19.1235.
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The stock witnessed a -12.87% gain in the last 1 month and extending the period to 3 months gives it a -27.97%, and is -6.64% down 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 5.23% over the week and 5.13% over the month.
Astronics Corp (ATRO) has around 2500 employees, a market worth around $578.19M and $782.18M in sales. Fwd P/E is 13.71. Profit margin for the company is -0.82%. Distance from 52-week low is 13.52% and -32.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.43%).
The EPS is expected to grow by 163.75% this year
211.0 institutions hold shares in Astronics Corp (ATRO), with institutional investors hold 75.10% of the company’s shares. The shares outstanding are 35.26M, and float is at 29.02M with Short Float at 1.23%. Institutions hold 73.49% of the Float.
The top institutional shareholder in the company is NEXT CENTURY GROWTH INVESTORS LLC with over 2.37 million shares valued at $47.53 million. The investor’s holdings represent 6.8069 of the ATRO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.07 million shares valued at $41.48 million to account for 5.9395 of the shares outstanding. The other top investors are ACK ASSET MANAGEMENT LLC which holds 2.06 million shares representing 5.9088 and valued at over $41.26 million, while 325 CAPITAL LLC holds 4.6932 of the shares totaling 1.64 million with a market value of $32.77 million.
Astronics Corp (ATRO) Insider Activity
The most recent transaction is an insider sale by Kuehn Michael C, the company’s Executive Vice President. SEC filings show that Kuehn Michael C sold 7,074 shares of the company’s common stock on Mar 14 ’24 at a price of $17.72 per share for a total of $0.13 million. Following the sale, the insider now owns 12875.0 shares.
Astronics Corp disclosed in a document filed with the SEC on Feb 29 ’24 that Kuehn Michael C (Executive Vice President) sold a total of 2,209 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $20.16 per share for $44533.0. Following the transaction, the insider now directly holds 14248.0 shares of the ATRO stock.
Still, SEC filings show that on Mar 01 ’24, Keane Robert S (Director) disposed off 32,594 shares at an average price of $19.09 for $0.62 million. The insider now directly holds 12,132 shares of Astronics Corp (ATRO).
