AIRI Stock Summary and Trading Ideas (Air Industries Group | AMEX:AIRI)

Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.

Air Industries Group trades on the AMEX stock market under the symbol AIRI.

As of September 25, 2023, AIRI stock price declined to $3.03 with 13,678 million shares trading.

AIRI has a beta of 0.58, meaning it tends to be less sensitive to market movements. AIRI has a correlation of 0.03 to the broad based SPY ETF.

AIRI has a market cap of $9.97 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AIRI stock traded as high as $24.60 and as low as $2.67.

The top ETF exchange traded funds that AIRI belongs to (by Net Assets): VTI, VXF, DFAC.

AIRI has underperformed the market in the last year with a return of -55.3%, while the SPY ETF gained +17.2%. In the last 3 month period, AIRI fell short of the market, returning -14.9%, while SPY returned -0.6%. However, in the most recent 2 weeks AIRI has outperformed the stock market by returning +2.3%, while SPY returned -2.6%.

AIRI support price is $3.09 and resistance is $3.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIRI stock will trade within this expected range on the day.