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.

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

As of April 18, 2024, AIRI stock price declined to $5.19 with 199,552 million shares trading.

AIRI has a market cap of $17.22 million. This is considered a Sub-Micro Cap stock.

Last quarter Air Industries Group reported $13 million in Revenue and $.06 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.40.

In the last 3 years, AIRI stock traded as high as $14.40 and as low as $2.60.

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

AIRI has outperformed the market in the last year with a price return of +47.9% while the SPY ETF gained +22.3%. AIRI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +50.5% and +0.4%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

AIRI support price is $5.33 and resistance is $6.08 (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.