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A Remarkable +17.77% Quarterly Rise!
Amid the ebb and flow of the market, some companies manage to ride the high tide. Such is the story of AeroVironment ($AVAV), which clocked an impressive +17.77% jump this quarter, taking its stock price to $115.05. But how does this compare with the broader Aerospace & Defense Industry landscape? Let's dive in! 📊
The Broader Perspective ✈️
Our trusted A.I.dvisor took a deep dive into the Aerospace & Defense Industry over the past three months. Out of 142 stocks analyzed, a promising 55.56% were in an Uptrend, while the remaining 44.44% faced a downturn.
Recent Performance 📈
This past week alone, AVAV experienced a commendable +15.59% rise, with an average daily trading volume of 45,604 shares. However, it's essential to note the drawdown of -10.63% during this period, pointing towards some volatility in its journey. The cherry on top? AVAV outperformed earnings estimates on September 04, 2023, reporting a per-share earning of $1.00, overshadowing the 31-cent estimate.
Noteworthy Contenders 🌐
While AVAV's performance is undoubtedly laudable, we must mention the behemoths of this industry: Boeing Company (BA), Lockheed Martin Corp (LMT), and the likes. These giants, along with newcomers like Virgin Galactic Holdings (SPCE), make the Aerospace & Defense sector one of the most intriguing in the U.S.
A Quick Peek at the Industry 🌌
The Aerospace & Defense sector is not just about fighter jets and rockets. It's a testament to human ingenuity, with a heavy focus on research & development, and a significant contributor to job creation in the U.S. Whether it's commercial airliners or missiles, the industry's growth trajectory looks promising.
Market Cap Insights 💰
Diving into numbers, the industry's average market cap stands at 10.79B, with BA taking the throne at a whopping 131.47B. On the other end of the spectrum, ASDN holds a valuation of just 1.66K.
Some More Data Crunching 📟
In terms of growth, the industry faced some challenges with a -2% weekly and -4% monthly price growth. However, the quarterly growth remained positive at 1%. AVAV's correlation with KTOS is also worth noting, with a 40% lockstep movement over the past year.
AeroVironment's significant leap this quarter proves that with the right strategies and innovations, even in challenging times, companies can soar high. As traders and investors, it's these stories of resilience and growth that keep us glued to the market charts. Until next time, keep an eye on the sky; you never know which stock might just take off next! 🚀
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AVAV declined for three days, in of 304 cases, the price declined further within the following month. The odds of a continued downward trend are .
The 10-day RSI Indicator for AVAV moved out of overbought territory on September 14, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where AVAV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AVAV as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
AVAV broke above its upper Bollinger Band on September 06, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Moving Average Convergence Divergence (MACD) for AVAV just turned positive on August 28, 2023. Looking at past instances where AVAV's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
AVAV moved above its 50-day moving average on September 06, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AVAV crossed bullishly above the 50-day moving average on September 06, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVAV advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AVAV’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.139) is normal, around the industry mean (5.079). P/E Ratio (1428.571) is within average values for comparable stocks, (300.956). Projected Growth (PEG Ratio) (1.565) is also within normal values, averaging (7.809). AVAV has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (4.878) is also within normal values, averaging (166.835).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of unmanned aircraft and charging systems
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A.I.dvisor indicates that over the last year, AVAV has been loosely correlated with KTOS. These tickers have moved in lockstep 42% of the time. This A.I.-generated data suggests there is some statistical probability that if AVAV jumps, then KTOS could also see price increases.