Air T Inc Stock Today

AIRT Stock  USD 21.01  1.31  5.87%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 31

 
100  
 
Zero
Below Average
Air T is selling for under 21.01 as of the 28th of March 2024; that is -5.87% down since the beginning of the trading day. The stock's last reported lowest price was 20.51. Air T has about a 31 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Air T Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Transportation
IPO Date
24th of April 1984
Category
Industrials
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. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina. Air T operates under Integrated Freight Logistics classification in the United States and is traded on NASDAQ Exchange. The company has 2.82 M outstanding shares of which 10.62 K shares are presently shorted by private and institutional investors with about 0.92 trading days to cover. More on Air T Inc

Moving together with Air Stock

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Moving against Air Stock

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  0.61FWRD Forward Air Financial Report 6th of May 2024 PairCorr
  0.61RLGT Radiant LogisticsPairCorr
  0.59HUBG Hub Group Financial Report 25th of April 2024 PairCorr
  0.59ATXG Addentax Group CorpPairCorr
  0.59LSTR Landstar System Financial Report 24th of April 2024 PairCorr
  0.53GXO GXO Logistics Financial Report 14th of May 2024 PairCorr

Air Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Air T's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Air T or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanNicholas Swenson
Business ConcentrationAir Freight & Logistics, Integrated Freight & Logistics, Industrials, NASDAQ Composite, NASDAQ Composite Total, Industrials, Air Freight & Logistics, Integrated Freight & Logistics, Industrials (View all Sectors)
Financial Strength
Based on the key indicators related to Air T's liquidity, profitability, solvency, and operating efficiency, Air T Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Air T Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover2.91.5
Way Up
Pretty Stable
Gross Profit Margin0.210.23
Significantly Down
Very volatile
Total Current Liabilities77.6 M73.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total120.2 M114.5 M
Sufficiently Up
Slightly volatile
Total Assets228.9 M218 M
Sufficiently Up
Slightly volatile
Total Current Assets140.7 M134 M
Sufficiently Up
Slightly volatile
Air T's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Air T's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Air T's financial leverage. It provides some insight into what part of Air T's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Air T's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Air T deploys its capital and how much of that capital is borrowed.
Liquidity
Air T cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 137.52 M in liabilities with Debt to Equity (D/E) ratio of 4.16, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Air T Inc has a current ratio of 4.57, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Air T until it has trouble settling it off, either with new capital or with free cash flow. So, Air T's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Air T Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Air to invest in growth at high rates of return. When we think about Air T's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

15.98 Million
Air T Inc (AIRT) is traded on NASDAQ Exchange in USA. It is located in 5930 Balsom Ridge Road, Denver, NC, United States, 28037 and employs 584 people. Air T is listed under Air Freight & Logistics category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 62.98 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Air T's market, we take the total number of its shares issued and multiply it by Air T's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Air T Inc conducts business under Air Freight & Logistics sector and is part of Industrials industry. The entity has 2.82 M outstanding shares of which 10.62 K shares are presently shorted by private and institutional investors with about 0.92 trading days to cover. Air T Inc currently holds about 8.09 M in cash with 16.91 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.82.
Check Air T Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Air T Inc is currently $62.98 Million. Air T Inc retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Be advised that no matter how volatile the entity is, if the real value of the firm is more than the value suggested by the market, you should consider buying it.
Check Air Ownership Details

Air Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Air T jumping above the current price in 90 days from now is about 1.46%. The Air T Inc probability density function shows the probability of Air T stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.5648. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Air T will likely underperform. Additionally, air T Inc has an alpha of 0.1599, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 21.01HorizonTargetOdds Above 21.01
98.52%90 days
 21.01 
1.46%
Based on a normal probability distribution, the odds of Air T to move above the current price in 90 days from now is about 1.46 (This Air T Inc probability density function shows the probability of Air Stock to fall within a particular range of prices over 90 days) .

Air Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Air T that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Air T's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Air T's value.
InstituionRecorded OnShares
Wells Fargo & Co2023-12-31
9.0
Royal Bank Of Canada2023-12-31
4.0
Meitav Dash Investments Ltd2023-09-30
0.0
Dcf Advisers, Llc2023-12-31
0.0
Renaissance Technologies Corp2023-12-31
118 K
Vanguard Group Inc2023-12-31
53 K
Bridgeway Capital Management, Llc2023-12-31
17.2 K
Dimensional Fund Advisors, Inc.2023-12-31
16.6 K
Ubs Group Ag2023-12-31
14.1 K
Morgan Stanley - Brokerage Accounts2023-12-31
13.5 K
Geode Capital Management, Llc2023-12-31
11.8 K
View Air T Diagnostics

Air T Historical Income Statement

Air T Inc Income Statement is one of the three primary financial statements used for reporting Air's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Air T Inc revenue and expense. Air T Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Air T's EBITDA is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 239.7 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (13.5 M). View More Fundamentals

Air Stock Against Markets

Picking the right benchmark for Air T stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Air T stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Air T is critical whether you are bullish or bearish towards Air T Inc at a given time. Please also check how Air T's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Air T without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Air T Corporate Directors

Air T corporate directors refer to members of an Air T board of directors. The board of directors generally takes responsibility for the Air T's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Air T's board members must vote for the resolution. The Air T board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Air Stock?

Before investing in Air T, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Air T. To buy Air T stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Air T. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Air T stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Air T Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Air T Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Air T Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Air Stock please use our How to Invest in Air T guide.

Already Invested in Air T Inc?

The danger of trading Air T Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Air T is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Air T. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Air T Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Air T Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Air Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Air T Inc Stock. Highlighted below are key reports to facilitate an investment decision about Air T Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Air Stock analysis

When running Air T's price analysis, check to measure Air T's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air T is operating at the current time. Most of Air T's value examination focuses on studying past and present price action to predict the probability of Air T's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air T's price. Additionally, you may evaluate how the addition of Air T to your portfolios can decrease your overall portfolio volatility.
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Is Air T's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air T. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air T listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.77)
Earnings Share
(5.00)
Revenue Per Share
102.289
Quarterly Revenue Growth
0.038
Return On Assets
(0.02)
The market value of Air T Inc is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air T's value that differs from its market value or its book value, called intrinsic value, which is Air T's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air T's market value can be influenced by many factors that don't directly affect Air T's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Air T's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air T is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air T's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.