NASDAQ:AIRT

Air T - AIRT Stock Forecast, Price & News

$20.49

+0.59 (+2.96%)

(As of 10/5/2022 12:00 AM ET)

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Today's Range: $19.45
▼
$20.49
50-Day Range: $15.06
▼
$22.95
52-Week Range: $14.01
▼
$32.99

Volume: 10,564 shs
Average Volume: 18,180 shs
Market Capitalization: $58.81 million

P/E Ratio: 6.46
Dividend Yield: N/A
Price Target: N/A

Air T MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.46% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.04
Based on 50 Articles This Week
Insider Trading: Acquiring Shares
$130,831 Bought Last Quarter
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.

1.85 out of 5 stars

Transportation Sector

92nd out of 120 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
0.46% 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 1, 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 183.33%, 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 0.04. 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 0.38 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 50 news articles for Air T this week, compared to 17 articles on an average week.
MarketBeat Follows
1 people have added Air T to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Air T insiders have bought more of their company's stock than they have sold. Specifically, they have bought $130,831.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
64.26% 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 10.49% of the stock of Air T is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Air T is 6.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Air T is 6.46, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 16.53.
Price to Book Value per Share Ratio
Air T has a P/B Ratio of 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Air T (NASDAQ:AIRT) Stock

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 company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx. Its 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. Its 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.

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AIRT Stock News Headlines

October 6, 2022 | msn.com

Spectrum to air new ‘Justice for All’ special for Hispanic Heritage Month

October 6, 2022 | msn.com

Delta Air Lines just unveiled 9 new gates at LAX as part of $2.3 billion expansion as it fights to keep the top spot at the airport

October 6, 2022 | msn.com

100 Most Wanted Holiday Gifts: Why the Cosori Dual Blaze air fryer is the best to use and gift this Christmas

October 6, 2022 | msn.com

North Korea flies 12 warplanes near South Korean border, prompting Air Force scramble

October 6, 2022 | msn.com

First and only Black woman to fly Air Force U-2 spy plane visits St. Paul public school

October 5, 2022 | forbes.com

The Best Air Fryers To Make Deliciously Crispy Foods, According To Rigorous Testing

October 5, 2022 | msn.com

Nike releases Cleveland Browns-themed Air Zoom Pegasus 39 sneakers: How to buy them

October 5, 2022 | msn.com

Nike releases NFL-themed Air Zoom Pegasus 39: How to buy Giants, Jets, Eagles sneakers

October 5, 2022 | businessinsider.com

Some of the US Air Force's biggest planes are being grounded over cracks in a part that holds their propellers

October 5, 2022 | nasdaq.com

Air T (NASDAQ:AIRT) Will Want To Turn Around Its Return Trends

October 5, 2022 | msn.com

Delta Air Lines just unveiled 9 new gates at LAX as part of $2.3 expansion as it fights to keep the top spot at the airport

October 4, 2022 | msn.com

Britain to extend deployment of air defence system in Poland

October 4, 2022 | msn.com

Angelina Jolie accuses Brad Pitt of choking one of their children during mid-air fight

October 4, 2022 | msn.com

100 Most Wanted Holiday Gifts: Cosori Dual Blaze air fryer

October 4, 2022 | msn.com

American Air Says Covid Led It to Seek Controversial JetBlue Alliance

October 4, 2022 | usnews.com

Britain to Extend Deployment of Air Defence System in Poland - Minister

October 4, 2022 | cnbc.com

How the pandemic shifted how Boeing and airlines think about air cargo

October 4, 2022 | cnbc.com

Air cargo rates slump but some companies see long-term strength

October 4, 2022 | americanbankingnews.com

Air T (NASDAQ:AIRT) Research Coverage Started at StockNews.com

October 3, 2022 | forbes.com

Will Delta Air Lines Dominate At LAX With Beautiful New Terminal 3?

October 3, 2022 | reuters.com

U.S. FAA upgrades Malaysia's air safety rating

October 3, 2022 | msn.com

Tatyana Ali Still Sees Karyn Parsons as Her 'Sister' 26 Years After Fresh Prince of Bel-Air

October 3, 2022 | msn.com

Plane was in air for less than 8 minutes before crash into house, killing 3

October 3, 2022 | bbc.com

London Air Ambulance issues appeal for helicopter replacement funds

October 3, 2022 | msn.com

When Will the 'Bleach: Thousand-Year Blood War' Anime Air?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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AIRT Company Calendar

Last Earnings: 11/14/2017
Today: 10/06/2022
Next Earnings (Estimated): 11/11/2022
Fiscal Year End: 3/31/2023

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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: 452
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.17
Trailing P/E Ratio: 6.46
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $10.93 million
Net Margins: 4.82%
Pretax Margin: 6.53%
Return on Equity: 39.45%
Return on Assets: 5.24%

Debt

Debt-to-Equity Ratio: 5.45
Current Ratio: 4.66
Quick Ratio: 1.73

Sales & Book Value

Annual Sales: $177.08 million
Price / Sales: 0.33
Cash Flow: $4.57 per share
Price / Cash Flow: 4.48
Book Value: $8.94 per share
Price / Book: 2.29

Miscellaneous

Outstanding Shares: 2,870,000
Free Float: 1,024,000
Market Cap: $58.81 million
Optionable: Not Optionable
Beta: 1.17

Key Executives

Mr. Nicholas John Swenson (Age 53)
Chairman, Pres & CEO
Comp: $50k

Mr. Brian Ochocki (Age 54)
CFO, Principal Accounting Officer & Treasurer
Comp: $353.5k

Mr. Mitch Pothen
VP of Technology

Mr. Mark Jundt
Chief Legal Counsel

Ms. Cheryl C. Sigmon (Age 66)
Chief Financial Officer of Air Cargo Segment

Ms. Katrina Marie-Kramer Philp (Age 37)
Chief of Staff

Mr. Sebastian Lourier
Principal & CEO of Crestone Air Partners

Mr. Michael Moore
Chief Exec. Officer of Global Ground Support LLC

Mr. Craig Bentley
CEO of Mountain Air Cargo, Inc. & CSA Air, Inc.

Mr. Mark Harris
CEO of Worthington Aviation, Inc. and AirCo Group

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AIRT Stock - Frequently Asked Questions

How have AIRT shares performed in 2022?: Air T's stock was trading at $25.15 at the start of the year. Since then, AIRT shares have decreased by 18.5% and is now trading at $20.49.
View the best growth stocks for 2022 here.
When is Air T's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our AIRT earnings forecast.
How were Air T's earnings last quarter?: Air T, Inc. (NASDAQ:AIRT) released its earnings results on Tuesday, November, 14th. The transportation company reported $0.21 earnings per share for the quarter. The transportation company earned $48.86 million during the quarter. Air T had a net margin of 4.82% and a trailing twelve-month return on equity of 39.45%.
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).
What is Air T's stock symbol?: Air T trades on the NASDAQ under the ticker symbol "AIRT."
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.
What is Air T's stock price today?: One share of AIRT stock can currently be purchased for approximately $20.49.
How much money does Air T make?: Air T (NASDAQ:AIRT) has a market capitalization of $58.81 million and generates $177.08 million in revenue each year. The transportation company earns $10.93 million in net income (profit) each year or $3.17 on an earnings per share basis.
How many employees does Air T have?: The company employs 452 workers across the globe.
How can I contact Air T?: Air T's mailing address is 5930 BALSOM RIDGE ROAD, DENVER NC, 28037. The official website for the company is www.airt.net. The transportation company can be reached via phone at (828) 464-8741, via email at info@amstock.com, or via fax at 82-8-4655-281x.

This page (NASDAQ:AIRT) was last updated on 10/6/2022 by MarketBeat.com Staff

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Air T - AIRT Stock Forecast, Price & News

Air T MarketRank™ Forecast

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

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Air T (NASDAQ:AIRT) Stock

AIRT Stock News Headlines

AIRT Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AIRT Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™