AIRO Group (NASDAQ:AIRO) Stock Price Up 1.7% – Still a Buy?

AIRO Group Holdings, Inc. (NASDAQ:AIRO)’s share price rose 1.7% during mid-day trading on Friday . The company traded as high as $7.44 and last traded at $7.34. Approximately 239,943 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 434,209 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

AIRO has been the subject of a number of recent analyst reports. BTIG Research restated a “neutral” rating on shares of AIRO Group in a report on Wednesday, April 8th. Wall Street Zen downgraded shares of AIRO Group from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Zacks Research upgraded shares of AIRO Group to a “hold” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, AIRO Group presently has a consensus rating of “Hold” and a consensus target price of $19.67.

AIRO Group Price Performance

The stock has a market capitalization of $230.77 million and a price-to-earnings ratio of 367.00. The business’s 50-day simple moving average is $8.98 and its two-hundred day simple moving average is $10.29.

AIRO Group (NASDAQ:AIRO) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.02 earnings per share for the quarter. The business had revenue of $48.28 million for the quarter. As a group, sell-side analysts expect that AIRO Group Holdings, Inc. will post -0.63 EPS for the current year.

Insider Buying and Selling

In other news, COO John Uczekaj sold 3,415 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.84, for a total value of $30,188.60. Following the completion of the transaction, the chief operating officer directly owned 20,111 shares in the company, valued at approximately $177,781.24. This represents a 14.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 20,078 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $10.26, for a total transaction of $206,000.28. Following the completion of the transaction, the chief financial officer owned 49,887 shares of the company’s stock, valued at $511,840.62. This trade represents a 28.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 23,889 shares of company stock worth $240,319.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of AIRO Group in the third quarter valued at $25,000. Raymond James Financial Inc. purchased a new position in shares of AIRO Group in the second quarter valued at $43,000. Bank of America Corp DE purchased a new position in shares of AIRO Group in the second quarter valued at $60,000. JPMorgan Chase & Co. purchased a new position in shares of AIRO Group in the third quarter valued at $54,000. Finally, Leonteq Securities AG purchased a new position in shares of AIRO Group in the fourth quarter valued at $25,000.

About AIRO Group

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.