On 7/22/24, Air T Inc (NASDAQ: AIRT) stock suffered a major decline of -10.6%, closing at $26.45. Moreover, exceptionally high trading volume at 224% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AIRT is expected to be Value Creation neutral.
Air T has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Air T has a very low Appreciation Score of 2 but a good Power Rating of 83, and the Negative Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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