Astronics Corp (NASDAQ: ATRO) Now 2.89% Off Its High ($26.63), Does Analysts See Headwinds And Risks?

Astronics Corp (NASDAQ:ATRO) currently has a daily average trading volume of 511.33K but it saw 1961613 shares traded in last market. With a market cap of 971.63M USD, the company’s current market price of $27.40 came rising about 16.65 while comparing to the previous closing price of $23.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.63 and as low as $14.13.

Taking a look at 20-day trading activity of Astronics Corp (ATRO) gives us an average price of $22.56, while its current price level is 2.89% below from 52-week high level whereas it is 93.91% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.27 while that of 200 days or SMA-200 reads an average of $19.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.81% during that period while stretching the period over a month that increases to 4.99%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.47 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Colliers Securities which upgraded the stock as “Buy” in its note to investors issued on September 20, 2021, recommending a price target of $19 for it. Truist upgraded its recommendation for the stock as a “Hold” from “Sell” on December 01, 2020 while assigning a price target range of $6-$14. CJS Securities also issued its recommendations for the stock as it upgraded the price target for the stock is $16.

Over the week, ATRO’s stock price is moving 20.76% up while it is 26.33% when we observe its performance for the past one month. Year-to-date it is 71.68% up and over the past year, the stock is showing an upside performance of 49.16%.

Currently, Astronics Corp’s total number of outstanding shares is 35.45M with 2.11% of that held by the insiders while 80.76% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.77% and return on equity (ROE) at -1.35%. It has a 14.97 of forward P/E ratio. Stock’s beta reads 1.46. Stock has a price to book (P/B) ratio of 3.77 while price to sale or P/S ratio amounts to 1.19. Its return on asset (ROA) is -0.54% on average.