AeroVironment Inc (NASDAQ: AVAV) stock enjoyed a major increase of 27.9% on 3/5/24. The shares closed at $167.15. Moreover, this advance was accompanied by exceptionally high trading volume at 1199% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 36.7% 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 10 but a very high Power Rating of 95, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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