AIRO Group (NASDAQ:AIRO) Shares Gap Up - Should You Buy?

Key Points

• AIRO Group Holdings, Inc. (NASDAQ:AIRO) shares experienced a gap up from $20.55 to $21.75 before closing at $20.77, indicating volatility in trading volumes of 178,045 shares.
• The stock has received multiple positive ratings from analysts, including an "outperform" rating with a price target of $31.00 from Mizuho and a "buy" rating with a target price of $26.00 from BTIG Research.
• AIRO Group reported an earnings per share (EPS) of $0.30 in its latest quarterly announcement, with hedge fund investments significantly increasing during the second quarter.

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $20.55, but opened at $21.75. AIRO Group shares last traded at $20.77, with a volume of 178,045 shares.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AIRO shares. Mizuho started coverage on AIRO Group in a research report on Tuesday, July 8th. They set an "outperform" rating and a $31.00 price objective for the company. Cantor Fitzgerald set a $35.00 target price on AIRO Group and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen raised AIRO Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, BTIG Research started coverage on AIRO Group in a research note on Tuesday, July 8th. They set a "buy" rating and a $26.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $30.67.

AIRO Group Stock Down 1.7%

The business's 50 day moving average is $22.96.

AIRO Group (NASDAQ:AIRO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.30 EPS for the quarter.

Institutional Trading of AIRO Group

A number of hedge funds have recently bought and sold shares of the business. Ilex Capital Partners UK LLP bought a new stake in AIRO Group during the second quarter worth $18,750,000. HRT Financial LP bought a new stake in AIRO Group during the second quarter worth $2,507,000. Telligent Fund LP bought a new stake in AIRO Group during the second quarter worth $963,000. Norges Bank bought a new stake in AIRO Group during the second quarter worth $481,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in AIRO Group during the second quarter worth $451,000.

About AIRO Group

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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