The most recent trading session ended with Air Industries (AIRI) standing at $5.90, reflecting a -1.01% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.18%. Meanwhile, the Dow experienced a drop of 0.8%, and the technology-dominated Nasdaq saw an increase of 0.27%.The the stock of maker of parts for the aerospace industry and defense contractors has risen by 5.3% in the past month, leading the Aerospace sector's loss of 0.88% and the S&P 500's g ...

Air Industries (AIRI) closed the latest trading day at $5.60, indicating a +0.18% change from the previous session's end. This change outpaced the S&P 500's 0.21% loss on the day. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.05%.Shares of the maker of parts for the aerospace industry and defense contractors witnessed a loss of 9.25% over the previous month, trailing the performance of the Aerospace sector with its gain of 0.27% and the S&P 500's gain of 5.94%.Ana ...

Investors might want to bet on Air Industries (AIRI) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indivi ...

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 ...