With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.17 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $29.75 whereas the lowest price it dropped to was $28.49. The 52-week range on SARO shows that it touched its highest point at $34.38 and its lowest point at $26.78 during that stretch. It currently has a 1-year price target of $35.67.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SARO was down-trending over the past week, with a drop of -0.07%, but this was down by -2.40% over a month.
Float and Shares Shorts:
At present, 334.46 million SARO shares are outstanding with a float of 122.77 million shares on hand for trading. In addition to Mr. Russell W. Ford as the firm’s Chairman & CEO, Mr. Daniel Satterfield serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 0.80877 of SARO’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, SARO reported revenue of $1244627000.0 and operating income of $99371000.0. The EBITDA in the recently reported quarter was $145013000.0 and diluted EPS was $0.049142.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With SARO analysts setting a high price target of 39.0 and a low target of 32.0, the average target price over the next 12 months is 35.66667. Based on these targets, SARO could surge 36.84% to reach the target high and rise by 12.28% to reach the target low. Reaching the average price target will result in a growth of 25.15% from current levels.
Based on analyst estimates, the high estimate for the next quarter is $0.21 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.2.
