On 7/8/24, Air T Inc (NASDAQ: AIRT) stock enjoyed a major increase of 11.2%, closing at $24.18. Moreover, unusually high trading volume at 152% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 12.0% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Air T has a very low Appreciation Score of 2 but a good Power Rating of 75, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment