AIRO Group (NASDAQ:AIRO - Get Free Report) released its earnings results on Wednesday. The company reported $0.30 earnings per share (EPS) for the quarter, Zacks reports.
AIRO Group Price Performance
Shares of AIRO traded up $0.82 during mid-day trading on Wednesday, reaching $21.74. The stock had a trading volume of 506,930 shares, compared to its average volume of 762,537. AIRO Group has a 52-week low of $12.90 and a 52-week high of $39.07.
Analyst Ratings Changes
A number of research firms have recently issued reports on AIRO. Cantor Fitzgerald set a $35.00 target price on shares of AIRO Group and gave the stock an "overweight" rating in a report on Tuesday, July 15th. BTIG Research began coverage on shares of AIRO Group in a report on Tuesday, July 8th. They set a "buy" rating and a $26.00 target price for the company. Mizuho began coverage on shares of AIRO Group in a report on Tuesday, July 8th. They set an "outperform" rating and a $31.00 target price for the company. Finally, Wall Street Zen lowered shares of AIRO Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th.
View Our Latest Stock Analysis on AIRO
Institutional Investors Weigh In On AIRO Group
A number of hedge funds have recently modified their holdings of the company. Creative Planning purchased a new stake in shares of AIRO Group in the second quarter valued at about $217,000. Geode Capital Management LLC acquired a new stake in shares of AIRO Group during the second quarter worth about $355,000. Finally, Norges Bank acquired a new stake in shares of AIRO Group during the second quarter worth about $481,000.
About AIRO Group
(
Get Free Report)
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.
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