ATRO Stock Summary and Trading Ideas (Astronics | NASDAQ:ATRO)

Astronics Corp supplies products to the aerospace, defense, and electronics industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport, and General Aviation. The Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.

Astronics trades on the NASDAQ stock market under the symbol ATRO.

As of April 16, 2024, ATRO stock price declined to $16.62 with 1,941 million shares trading.

ATRO has a beta of 1.83, meaning it tends to be more sensitive to market movements. ATRO has a correlation of 0.24 to the broad based SPY ETF.

ATRO has a market cap of $579.04 million. This is considered a Small Cap stock.

Last quarter Astronics reported $195 million in Revenue and $.20 earnings per share. This beat revenue expectation by $5 million and missed earnings estimates by -$.02.

In the last 3 years, ATRO stock traded as high as $22.44 and as low as $7.46.

The top ETF exchange traded funds that ATRO belongs to (by Net Assets): VTI, IWM, XAR, VXF, IWN.

ATRO has underperformed the market in the last year with a price return of +9.2% while the SPY ETF gained +24.0%. ATRO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.9% and -9.7%, respectively, while the SPY returned +6.2% and -3.3%, respectively.

ATRO support price is $16.34 and resistance is $17.20 (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 ATRO stock will trade within this expected range on the day.