Recent extremely meaningful negative changes in investment behavior have impacted AeroVironment Inc (NASDAQ: AVAV): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
AeroVironment has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AeroVironment has a poor Appreciation Score of 23 but a very high Power Rating of 87, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 12/6/24, AeroVironment Inc (NASDAQ: AVAV) stock declined modestly by -1.4%, closing at $163.33. Moreover, exceptionally high trading volume at 206% of normal accompanied the decline. The stock has declined -14.4% during the last week but has been strong relative to the market over the last nine months.
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