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

Analysts Set New Price Targets

AIRO has been the topic of several research reports. Mizuho started coverage on AIRO Group in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $31.00 target price on the stock. Cantor Fitzgerald set a $35.00 target price on AIRO Group and gave the stock an "overweight" rating in a research note on Tuesday. Wall Street Zen cut AIRO Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, BTIG Research assumed coverage on AIRO Group in a research note on Tuesday, July 8th. They set a "buy" rating and a $26.00 price objective for the company.

AIRO Group Stock Performance

AIRO traded down $1.32 during trading on Friday, reaching $24.97. The stock had a trading volume of 1,385,019 shares, compared to its average volume of 1,792,196. AIRO Group has a 1-year low of $12.90 and a 1-year 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.