Air Industries Group (AIRI) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Air Industries Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AIRI shares.
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Air Industries Group's stock was trading at $4.25 at the beginning of 2023. Since then, AIRI stock has decreased by 16.9% and is now trading at $3.53.
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Air Industries Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,600 shares, an increase of 45.5% from the April 30th total of 1,100 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Air Industries Group (NYSE:AIRI) issued its quarterly earnings data on Thursday, August, 5th. The company reported $1.00 earnings per share for the quarter, hitting analysts' consensus estimates of $1.00. The firm had revenue of $15.45 million for the quarter, compared to analyst estimates of $15 million. Air Industries Group had a negative net margin of 2.02% and a negative trailing twelve-month return on equity of 6.18%.

Shares of Air Industries Group reverse split on Tuesday, October 18th 2022. The 1-10 reverse split was announced on Tuesday, October 18th 2022. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, October 18th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Air Industries Group issued an update on its FY 2022 earnings guidance on Wednesday, April, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $53.20 million-$53.20 million, compared to the consensus revenue estimate of $53.20 million.

Air Industries Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIRI."

Air Industries Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Richmond Brothers Inc. (4.17%) and Susquehanna International Group LLP (0.33%). Insiders that own company stock include David S Richmond, Luciano M Melluzzo, Michael Brand, Michael N Taglich and Robert Taglich.
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Shares of AIRI 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.
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One share of AIRI stock can currently be purchased for approximately $3.53.

Air Industries Group (NYSE:AIRI) has a market capitalization of $11.51 million and generates $53.24 million in revenue each year. The company earns $-1,080,000.00 in net income (profit) each year or $0.46 on an earnings per share basis.

Air Industries Group's mailing address is 1460 FIFTH AVENUE, BAY SHORE NY, 11706. The official website for the company is www.airindustriesgroup.com. The company can be reached via phone at (631) 968-5000 or via email at ir@airindustriesgroup.com.