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AIRO Group (NASDAQ:AIRO) Trading Down 9.2% - Here's Why

AIRO Group logo with Manufacturing background

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) traded down 9.2% during mid-day trading on Monday . The stock traded as low as $25.81 and last traded at $26.14. 748,869 shares were traded during mid-day trading, a decline of 71% from the average session volume of 2,539,491 shares. The stock had previously closed at $28.80.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on AIRO

AIRO Group Stock Performance

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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