Air T Inc (NASDAQ: AIRT) stock enjoyed a major increase of 11.2% on 3/20/24. The shares closed at $21.48. Moreover, trading volume in this advance was exceptionally high at 288% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 16.6% during the last week.
Current PriceTarget Research Rating
AIRT is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Air T has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Air T has a poor Power Rating of 19 and a very low Appreciation Score of 4, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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