How have AIRT shares performed in 2023?

Air T's stock was trading at $24.72 at the beginning of the year. Since then, AIRT stock has decreased by 34.7% and is now trading at $16.15. View the best growth stocks for 2023 here .

Are investors shorting Air T?

Air T saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 9,400 shares, an increase of 13.3% from the October 31st total of 8,300 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.7% of the shares of the company are short sold. View Air T's Short Interest .

When is Air T's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 9th 2024. View our AIRT earnings forecast .

How were Air T's earnings last quarter?

Air T, Inc. (NASDAQ:AIRT) issued its quarterly earnings data on Tuesday, November, 14th. The transportation company reported $0.21 earnings per share for the quarter. The transportation company had revenue of $48.86 million for the quarter. Air T had a negative net margin of 4.11% and a negative trailing twelve-month return on equity of 49.62%.

Is Air T a good dividend stock?

Air T (NASDAQ:AIRT) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.00%. Read our dividend analysis for AIRT .

What is Nick Swenson's approval rating as Air T's CEO?

9 employees have rated Air T Chief Executive Officer Nick Swenson on Glassdoor.com . Nick Swenson has an approval rating of 92% among the company's employees. This puts Nick Swenson in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Air T own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Air T investors own include Intelsat (I) , Bank of America (BAC) , Fossil Group (FOSL) , Associated British Foods (ABF) , Chaarat Gold (CGH) , AMC Entertainment (AMC) , Apollo Global Management (APO) , Ciena (CIEN) , First Data (FDC) and Air Canada (AC) .

How do I buy shares of Air T?

Shares of AIRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Air T Stock Price, News & Analysis (NASDAQ:AIRT)

$16.50

-0.13 (-0.78%)

(As of 12:40 PM ET)

Compare

Today's Range: $16.15
▼
$16.68
50-Day Range: $16.25
▼
$25.21
52-Week Range: $15.91
▼
$28.95

Volume: 3,802 shs
Average Volume: 4,451 shs
Market Capitalization: $46.56 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Air T MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.67% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.01
Based on 101 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.15 out of 5 stars

Transportation Sector

93rd out of 100 stocks

Air Courier Services Industry

3rd out of 3 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Air T.

3.0

Short Interest

Percentage of Shares Shorted
0.67% of the float of Air T has been sold short.
Short Interest Ratio / Days to Cover
Air T has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Air T has recently increased by 13.25%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Air T does not currently pay a dividend.
Dividend Growth
Air T does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AIRT.

2.2

News and Social Media Coverage

News Sentiment
Air T has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.29 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 101 news articles for Air T this week, compared to 94 articles on an average week.
Search Interest
2 people have searched for AIRT on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Air T to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Air T insiders have not sold or bought any company stock.
Percentage Held by Insiders
66.20% of the stock of Air T is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 9.30% of the stock of Air T is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Air T is -3.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Air T is -3.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Air T has a P/B Ratio of 3.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Air T Stock (NASDAQ:AIRT)

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx. The Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.

AIRT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AIRT Stock News Headlines

December 6, 2023 | cbsnews.com

Miami weather: Seasonably cool air arrives in South Florida

December 6, 2023 | news.yahoo.com

Over 400 NM passengers flew Advanced Air last month. Company says initial numbers are soaring.

December 6, 2023 | Wealthpress (Ad)

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December 6, 2023 | msn.com

Air Force confirms all 8 U.S. crew members killed in Osprey crash in Japan

December 6, 2023 | news.yahoo.com

An off-duty pilot took over a Canadian flight after the pilot got an 'uncontrollable nosebleed' in mid-air and couldn't fly the plane

December 6, 2023 | forbes.com

Russian Report Explains Why Air Defenses Cannot Shoot Down Drones

December 5, 2023 | msn.com

Super Bowl LVIII: Nickelodeon to air a kid-friendly, SpongeBob version of the big game

December 5, 2023 | yahoo.com

2023: The Year We Got Serious About Air Quality

December 6, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

December 5, 2023 | news.yahoo.com

Rescue Turns to Recovery as More Crew Members in Deadliest Air Force Osprey Crash Are Identified

December 5, 2023 | yahoo.com

Air Force names 8 US service members lost in Japan Osprey crash

December 5, 2023 | forbes.com

With Its Air Of Mystique, Saperavi Is Here To Warm Up Winter Nights

December 5, 2023 | msn.com

FAA to examine rules on pilot, air traffic controller mental health

December 5, 2023 | finance.yahoo.com

Air Dot Show Unveils 2024 Tour Schedule of Six Destinations from Florida to New York

December 5, 2023 | news.yahoo.com

Air Balloon Pub demolished for A417 road scheme

December 5, 2023 | news.yahoo.com

Six Russian civilian planes report mid-air breakdowns in one week

December 5, 2023 | yahoo.com

Stüssy Decorates the Nike Air Flight ’89 Sneaker in Faux Snakeskin

December 5, 2023 | foxnews.com

US military identifies all 8 crew members of deadly Air Force Osprey crash near Japan

December 5, 2023 | msn.com

Air Force identifies all airmen in crashed Osprey and officially declares them deceased

December 5, 2023 | msn.com

Kenan Thompson Nearly Quit “Saturday Night Live” After Receiving 'Zero Air Time' for His 'Rookie Mistakes'

December 5, 2023 | nytimes.com

Air-Conditioning Use Will Surge in a Warming World, U.N. Warns

December 5, 2023 | msn.com

How Alaska Airlines’ CEO Landed Deal to Buy Hawaiian Air Carrier

December 5, 2023 | msn.com

Study: Western U.S. wildfires wipe out 2 decades of air quality progress

December 5, 2023 | reuters.com

Air conditioning companies’ sustainable designs face high costs

December 5, 2023 | news.yahoo.com

R-73 Air-To-Air Missile Seized From Venezuelan Man's Backyard

December 4, 2023 | news.yahoo.com

Israel presses ground offensive in southern Gaza, air strikes intensify

December 4, 2023 | wsj.com

Biden’s FHWA Tries to Pull Regulation From Thin Air

See More Headlines

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Company Calendar

Last Earnings: 11/14/2017
Today: 12/06/2023
Next Earnings (Estimated): 2/09/2024
Fiscal Year End: 3/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Air courier services
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NASDAQ:AIRT
CUSIP: N/A
CIK: 353184
Web: www.airt.net
Phone: (828) 464-8741
Fax: 82-8-4655-281x
Employees: 584
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($4.12)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-12,300,000.00
Net Margins: -4.11%
Pretax Margin: -3.41%
Return on Equity: -49.62%
Return on Assets: -3.83%

Debt

Debt-to-Equity Ratio: 7.68
Current Ratio: 1.94
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $286.17 million
Price / Sales: 0.16
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.60 per share
Price / Book: 3.62

Miscellaneous

Outstanding Shares: 2,822,000
Free Float: 954,000
Market Cap: $46.93 million
Optionable: Not Optionable
Beta: 0.87

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Key Executives

Mr. Nicholas John Swenson (Age 54)
Chairman, President & CEO
Comp: $50k
Mr. Brian Ochocki (Age 55)
CFO & Treasurer
Comp: $343k
Tracy Kennedy
Chief Accounting Officer
Mr. Mitch Pothen
Vice President of Technology
Mr. Mark R. Jundt (Age 43)
Secretary & General Counsel
Ms. Katrina Marie-Kramer Philp (Age 38)
Chief of Staff
Mr. Sebastian Lourier
Principal & CEO of Crestone Air Partners
Mr. Michael Moore
Chief Executive Officer of Global Ground Support LLC
Mr. Mark Harris
CEO of Worthington Aviation, Inc. and AirCo Group
Mr. Michael Bandalan
CEO of Mountain Air Cargo, Inc., & CSA Air, Inc.

Key Competitors

View All Competitors

AIRT Stock Analysis - Frequently Asked Questions

How have AIRT shares performed in 2023?: Air T's stock was trading at $24.72 at the beginning of the year. Since then, AIRT stock has decreased by 34.7% and is now trading at $16.15.
View the best growth stocks for 2023 here.
Are investors shorting Air T?: Air T saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 9,400 shares, an increase of 13.3% from the October 31st total of 8,300 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.7% of the shares of the company are short sold.
View Air T's Short Interest.
When is Air T's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, February 9th 2024.
View our AIRT earnings forecast.
How were Air T's earnings last quarter?: Air T, Inc. (NASDAQ:AIRT) issued its quarterly earnings data on Tuesday, November, 14th. The transportation company reported $0.21 earnings per share for the quarter. The transportation company had revenue of $48.86 million for the quarter. Air T had a negative net margin of 4.11% and a negative trailing twelve-month return on equity of 49.62%.

Is Air T a good dividend stock?: Air T (NASDAQ:AIRT) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for AIRT.
What is Nick Swenson's approval rating as Air T's CEO?: 9 employees have rated Air T Chief Executive Officer Nick Swenson on Glassdoor.com. Nick Swenson has an approval rating of 92% among the company's employees. This puts Nick Swenson in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Air T own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Air T investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Apollo Global Management (APO), Ciena (CIEN), First Data (FDC) and Air Canada (AC).
How do I buy shares of Air T?: Shares of AIRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:AIRT) was last updated on 12/6/2023 by MarketBeat.com Staff

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Air T Stock Price, News & Analysis (NASDAQ:AIRT)

Air T MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Air T Stock (NASDAQ:AIRT)

AIRT Stock Price History

AIRT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

AIRT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™