After reaching an important support level, Air Industries (AIRI) could be a good stock pick from a technical perspective. AIRI surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Air Industries (AIRI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.Air Industries is one of 46 companies in the Aerospace group. The Aerospace group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The avera ...

For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Air Industries (AIRI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Air Industries is a member of the Aerospace sector. This group includes 46 individual stocks and currently holds a Zacks Sector Rank of # ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Industry Overview - The Zacks Aerospace-Defense industry includes companies that design and manufacture commercial and military jets, helicopters, combat vehicles, missiles, and space transportation vehicles, among others [2] - The industry also encompasses cybersecurity firms providing IT services and C4ISR solutions, with revenue from defense contractors for spare parts and maintenance services [2] Key Trends - Improved air traffic outlook is boosting growth prospects, with global revenue-passenger kilometers (RPKs) increasing by 8% year-over-year in July 2024, and a projected 10.4% growth in global air passengers for 2024 [3] - The U.S. defense budget request for fiscal 2025 is $849.8 billion, reflecting a 1% increase from fiscal 2024, which is expected to benefit defense-focused companies [4] - Supply-chain issues continue to pose challenges, limiting aircraft deliveries and impacting the growth trajectory of the aerospace and defense industry [5][6] Market Performance - The Aerospace-Defense industry has underperformed compared to the Zacks S&P 500 composite and its own sector, with a collective loss of 1.1% over the past year, while the Aerospace sector grew by 6.7% and the S&P 500 increased by 24.9% [9] - The industry is currently trading at a trailing 12-month EV/Sales ratio of 2.37, compared to the S&P 500's 5.30 and the sector's 2.51 [10] Company Highlights - AIR Industries Group reported a 2.8% year-over-year increase in net sales and a 944.4% surge in operating income, with a Zacks Consensus Estimate for 2024 sales indicating a 7.1% improvement from 2023 [12] - Leidos Holdings secured a contract for missile warning capabilities, with a projected 5.4% increase in 2024 sales from 2023, and a long-term earnings growth rate of 12.5% [13] - Virgin Galactic's revenues doubled year-over-year, driven by commercial spaceflight and membership fees, with a Zacks Consensus Estimate for 2024 earnings showing improvement [15]

Air Industries Group (AIRI) recently secured its largest contract, a $110 million deal to manufacture Thrust Struts for Geared Turbo-Fan (GTF) jet engines. This contract will begin in January 2025 and run through 2031.Successful delivery of the thrust struts is likely to bolster AIRI’s top-line performance. Following this contract win, the company’s backlog count has increased to more than $280 million.AIRI & Combat JetsAir Industries plays an important role in the military jet market as a leading manufactu ...

Air Industries Group (NYSE:AIRI) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants Lou Melluzzo - President and Chief Executive Officer Scott Glassman - Chief Financial Officer, Principal Accounting Officer and Secretary of the Company Conference Call Participants Howard Halpern - Taglich Brothers Operator Hello, and welcome to the Air Industries Group Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2024 or ☐ Transition Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to_______ Commission File No. 001-35927 AIR INDUSTRIES GROUP (Exact name of registrant as specified in its charter) Nevada 80-0948413 (State or other jurisdiction ...

Company Performance - Air Industries (AIRI) reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of a loss of $0.21 per share, and compared to a loss of $0.12 per share a year ago, indicating a significant earnings surprise of 142.86% [1] - The company achieved revenues of $13.57 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 13.10%, and showing an increase from $13.21 million in the same quarter last year [1] - Over the last four quarters, Air Industries has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [1] Stock Performance - Air Industries shares have increased by approximately 15.4% since the beginning of the year, outperforming the S&P 500's gain of 13.9% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.12 on revenues of $13.25 million, and for the current fiscal year, it is -$0.65 on revenues of $53.01 million [4] - The trend of estimate revisions for Air Industries is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Aerospace - Defense industry, to which Air Industries belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [5] - The performance of Air Industries' stock may be influenced by the overall industry outlook, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5]