ATSG Stock Summary and Trading Ideas (Air Transport Services Group | NASDAQ:ATSG)

Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.

Air Transport Services Group trades on the NASDAQ stock market under the symbol ATSG.

As of April 23, 2024, ATSG stock price declined to $12.81 with 67,336 million shares trading.

ATSG has a beta of 0.86, meaning it tends to be less sensitive to market movements. ATSG has a correlation of 0.03 to the broad based SPY ETF.

ATSG has a market cap of $841.39 million. This is considered a Small Cap stock.

Last quarter Air Transport Services Group reported $517 million in Revenue and $.18 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$.10.

In the last 3 years, ATSG stock traded as high as $34.54 and as low as $11.62.

The top ETF exchange traded funds that ATSG belongs to (by Net Assets): VTI, JETS, VB, AVUV, IWM.

ATSG has underperformed the market in the last year with a return of -37.5%, while the SPY ETF gained +24.0%. In the last 3 month period, ATSG fell short of the market, returning -23.3%, while SPY returned +4.6%. However, in the most recent 2 weeks ATSG has outperformed the stock market by returning -0.7%, while SPY returned -2.8%.

ATSG support price is $12.49 and resistance is $13.17 (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 ATSG stock will trade within this expected range on the day.