Astronics Corp (NASDAQ: ATRO) is 53.51% higher on its value in year-to-date trading and has touched a low of $14.13 and a high of $25.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATRO stock was last observed hovering at around $24.91 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $24.50, the stock is 23.38% and 36.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -1.65% at the moment leaves the stock 29.18% off its SMA200. ATRO registered 29.63% gain for a year compared to 6-month loss of 17.11%.
The stock witnessed a 32.94% gain in the last 1 month and extending the period to 3 months gives it a 47.86%, and is 22.87% 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 6.63% over the week and 3.60% over the month.
Astronics Corp (ATRO) has around 2500 employees, a market worth around $861.40M and $795.43M in sales. Fwd P/E is 14.80. Profit margin for the company is -2.04%. Distance from 52-week low is 73.39% and -4.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.64%).
The EPS is expected to grow by 346.74% this year
The shares outstanding are 30.18M, and float is at 28.93M with Short Float at 5.84%.
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 6.7789 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 5.8845 and valued at over $41.26 million, while 325 CAPITAL LLC holds 4.6739 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.
