Air T Inc Stock Price on March 7, 2024
| AIRT Stock | USD 24.95 2.11 9.24% |
Below is the normalized historical share price chart for Air T Inc extending back to December 24, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Air T stands at 24.95, as last reported on the 23rd of May, with the highest price reaching 25.17 and the lowest price hitting 22.70 during the day.
If you're considering investing in Air Stock, it is important to understand the factors that can impact its price. Air T appears to be somewhat reliable, given 3 months investment horizon. Air T Inc secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing Air T's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of Air T's Mean Deviation of 3.98, downside deviation of 4.61, and Risk Adjusted Performance of 0.1077 to double-check if our risk estimates are consistent with your expectations.
At this time, Air T's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 3.1 M in 2024, whereas Common Stock is likely to drop slightly above 518.6 K in 2024. . At this time, Air T's Price To Sales Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 7.23 in 2024, despite the fact that Price Earnings Ratio is likely to grow to (5.17). Air Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 24th of April 1984 | 200 Day MA 20.3327 | 50 Day MA 22.9648 | Beta 0.732 |
Air |
Sharpe Ratio = 0.1458
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AIRT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.9 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Air T is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Air T by adding it to a well-diversified portfolio.
Price Book 9.6748 | Enterprise Value Ebitda (133.43) | Price Sales 0.2325 | Shares Float 985.3 K | Earnings Share (5.00) |
Air T Valuation on March 7, 2024
It is possible to determine the worth of Air T on a given historical date. On March 7, 2024 Air was worth 17.4 at the beginning of the trading date compared to the closed value of 18.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Air T stock. Still, in general, we apply an absolute valuation method to find Air T's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Air T where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Air T's related companies.
| Open | High | Low | Close | Volume | |
| 18.45 | 19.10 | 17.35 | 17.38 | 11,411 | |
03/07/2024 | 17.40 | 18.76 | 17.38 | 18.30 | 13,650 |
| 18.28 | 18.28 | 17.46 | 17.46 | 7,453 |
| Backtest Air T | | | Air T History | | | Air T Valuation | Previous | Next |
Air T Trading Date Momentum on March 7, 2024
| On March 08 2024 Air T Inc was traded for 17.46 at the closing time. The top price for the day was 18.28 and the lowest listed price was 17.46 . The trading volume for the day was 7.5 K. The trading history from March 8, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 4.59% . The overall trading delta against the current closing price is 1.91% . |
Air T Inc Fundamentals Correlations and Trends
By evaluating Air T's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Air T's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Air financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Air T Stock history
Air T investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Air is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Air T Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Air T stock prices may prove useful in developing a viable investing in Air T
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.6 M | 3.1 M | |
| Net Loss | -11.1 M | -10.5 M |
Air T Quarterly Net Working Capital |
|
Air T Stock Technical Analysis
Air T technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Air T Period Price Range
Low | March 7, 2024
| High |
17.40 | 18.30 |
Air T May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Air T stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Air T shares will generate the highest return on investment. By undertsting and applying Air T stock market strength indicators, traders can identify Air T Inc entry and exit signals to maximize returns
Air T Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Air T's price direction in advance. Along with the technical and fundamental analysis of Air Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Air to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1077 | |||
| Jensen Alpha | 0.8189 | |||
| Total Risk Alpha | 0.2483 | |||
| Sortino Ratio | 0.1629 | |||
| Treynor Ratio | (94.06) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Air Stock analysis
When running Air T's price analysis, check to measure Air T's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air T is operating at the current time. Most of Air T's value examination focuses on studying past and present price action to predict the probability of Air T's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air T's price. Additionally, you may evaluate how the addition of Air T to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |
Is Air T's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air T. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air T listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.77) | Earnings Share (5.00) | Revenue Per Share 102.289 | Quarterly Revenue Growth 0.038 | Return On Assets (0.02) |
The market value of Air T Inc is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air T's value that differs from its market value or its book value, called intrinsic value, which is Air T's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air T's market value can be influenced by many factors that don't directly affect Air T's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Air T's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air T is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air T's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.