AVAV Stock Summary and Trading Ideas (Aerovironment | NASDAQ:AVAV)

AeroVironment Inc operates under a single business segment in which it supplies unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and other related services to government agencies within the United States Department of Defense as well as the United States allied international governments. The systems can help with security, surveillance, or sensing, and provide eyes in the sky without needing an actual person, or driver in the sky.

Aerovironment trades on the NASDAQ stock market under the symbol AVAV.

As of December 20, 2024, AVAV stock price climbed to $164.03 with 1,164,076 million shares trading.

AVAV has a beta of 1.31, meaning it tends to be more sensitive to market movements. AVAV has a correlation of 0.10 to the broad based SPY ETF.

AVAV has a market cap of $4.63 billion. This is considered a Mid Cap stock.

Last quarter Aerovironment reported $188 million in Revenue and $.47 earnings per share. This beat revenue expectation by $7 million and missed earnings estimates by -$.21.

In the last 3 years, AVAV traded as high as $236.60 and as low as $52.03.

The top ETF exchange traded funds that AVAV belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

AVAV has outperformed the market in the last year with a price return of +29.8% while the SPY ETF gained +27.8%. However, in the short term, AVAV had mixed performance relative to the market. It has underperformed in the last 3 months, returning -10.2% vs +4.4% return in SPY. But in the last 2 weeks, AVAV shares have fared better than the market returning +0.4% compared to SPY -2.4%.

AVAV support price is $156.29 and resistance is $167.39 (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 AVAV shares will trade within this expected range on the day.