StandardAero Inc (NYSE:SARO) does about 2.25M shares in volume on a normal day but saw 1594097 shares change hands in the recent trading day. The company now has a market cap of 9.51B USD. Its current market price is $28.66, marking a decrease of -0.76% compared to the previous close of $28.88. The 52 week high reached by this stock is $34.38 whilst the lowest price level in 52 weeks is $26.78.
StandardAero Inc (SARO) has a 20-day trading average at $28.94 and the current price is -16.64% off the 52-week high compared with 7.02% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 2.84%, which increases to 3.77% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.98 to suggest the stock is neutral.
The consensus objective for the share price is $35.89, suggesting that the stock has a potential upside of 20.14% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 28, 2024 when Wolfe Research initiated the stock to “Outperform” and issued a price target of $34. RBC Capital Mkts initiated its price target at $37.
The current price level is -0.97%, -5.58%, and -5.58% away from its SMA20, SMA50, and SMA200 respectively, with the SARO price moving above the 50-day SMA on current market day. StandardAero Inc (SARO) stock is up 1.81% over the week and -8.05% over the past month. Its price is -12.49% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0.13 and 0.34 for whole year. Expected sales for next quarter are $1.42B, which analysts say will come at $5.19B for the current fiscal year and next year at $5.84B. In addition, estimates put the company’s current quarterly revenue at an average of $1.36B.
To reach the target analysts have set, the stock logically needs to grow 20.14 percent from here.
Outstanding shares total 334.46M with insiders holding 0.45% of the shares and institutional holders owning 80.88% of the company’s common stock. The company has a return on investment of 0.43%. The price to earnings ratio (P/E ratio) amounts to 466.78. Price to book ratio is 8.24 and price to sales ratio is 1.91.
