AIRO Group Holdings, Inc.'s Quiet Period To Expire on July 23rd (NASDAQ:AIRO)

AIRO Group's (NASDAQ:AIRO - Get Free Report) quiet period will expire on Wednesday, July 23rd. AIRO Group had issued 6,000,000 shares in its public offering on June 13th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. During AIRO Group's quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Several research analysts have commented on the stock. Mizuho initiated coverage on shares of AIRO Group in a research note on Tuesday, July 8th. They set an "outperform" rating and a $31.00 price target on the stock. Wall Street Zen cut shares of AIRO Group from a "hold" rating to a "sell" rating in a report on Saturday. BTIG Research began coverage on shares of AIRO Group in a report on Tuesday, July 8th. They issued a "buy" rating and a $26.00 price target on the stock. Finally, Cantor Fitzgerald set a $35.00 target price on shares of AIRO Group and gave the company an "overweight" rating in a report on Tuesday.

AIRO Group Stock Down 5.1%

AIRO stock traded down $1.41 during trading on Wednesday, reaching $26.05. 1,952,152 shares of the company traded hands, compared to its average volume of 2,533,114. AIRO Group has a 12 month low of $12.90 and a 12 month high of $39.07.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market.