Astronics reports 23 percent growth in prelim Q4 revenue
| ATRO Stock | USD 16.31 0.17 1.03% |
About 61% of Astronics' investor base is looking to short. The analysis of the overall prospects from investing in Astronics suggests that many traders are, at the present time, alarmed. Astronics' investing sentiment overview a quick insight into current market opportunities from investing in Astronics. Many technical investors use Astronics stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Astronics |
Astronics Corporation announced preliminary Q4 2023 revenue of 193M to 195M, a 23 percent YoY increase, and projected 2024 revenue of 760M to 795M.
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Astronics Fundamental Analysis
We analyze Astronics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astronics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Astronics is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Astronics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Astronics stock to make a market-neutral strategy. Peer analysis of Astronics could also be used in its relative valuation, which is a method of valuing Astronics by comparing valuation metrics with similar companies.
Peers
Astronics Related Equities
| DCO | Ducommun Incorporated | 6.46 | ||||
| PKE | Park Electrochemical | 1.41 | ||||
| NPK | National Presto | 1.37 | ||||
| CW | Curtiss Wright | 0.20 | ||||
| CDRE | Cadre Holdings | 0.77 | ||||
| VSEC | VSE | 1.79 | ||||
| ISSC | Innovative Solutions | 2.06 |
Check out Astronics Hype Analysis, Astronics Correlation and Astronics Performance. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astronics. If investors know Astronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astronics' market value can be influenced by many factors that don't directly affect Astronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.