AeroVironment Inc (NASDAQ: AVAV) stock suffered a major decline of -10.2% on 12/6/23. The shares closed at $126.89. Moreover, trading volume in this decline was exceptionally high at 548% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.4% during the last week.
Current PriceTarget Research Rating
AVAV’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
AeroVironment has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AeroVironment has a very low Appreciation Score of 8 but a very high Power Rating of 94, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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