AIRT Stock Summary and Trading Ideas (Air T | NASDAQ:AIRT)

Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, and Ground support services, Commercial jet engines and parts, Corporate and Other. It generates maximum revenue from the Overnight air cargo segment.

Air T trades on the NASDAQ stock market under the symbol AIRT.

As of April 19, 2024, AIRT stock price climbed to $23.22 with 18,250 million shares trading.

AIRT has a market cap of $65.47 million. This is considered a Micro Cap stock.

In the last 3 years, AIRT stock traded as high as $43.05 and as low as $12.53.

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

AIRT stock has underperformed the market in the last year with a return of -4.0%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AIRT shares. However, AIRT has outperformed the market in the last 3 month and 2 week periods, returning +62.9% and +13.1%, while SPY returned +4.3% and -3.5%, respectively. This indicates AIRT has been having a stronger performance recently.

AIRT support price is $20.03 and resistance is $23.79 (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 AIRT stock will trade within this expected range on the day.