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Saturday, June 3, 2023

What Are The Chances Of Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Aerojet Rocketdyne Holdings Inc. (AJRD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.35, or -0.63%, to $55.15. The Aerojet Rocketdyne Holdings Inc. has recorded 48,003 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Aerojet Rocketdyne’s Jim Maser Earns Top Honors.

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Stocks Info

As a NYSE listed company, AJRD falls under the Industrials sector while operating within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $55.50 and fluctuated between $55.65 as its day high and $55.48 as its day low. The current market capitalization of Aerojet Rocketdyne Holdings Inc. is $4.48B. A total of 1.35 million shares were traded on the day, compared to an average of 957.14K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AJRD has seen 7 BUY and 6 SELL insider trades, representing the acquisition of 33,656 and the disposition of 26,126 shares. Over the last 12 months, there were 70 BUYs and 16 SELLs from insiders. Insiders purchased 353,274 shares during that period but sold 273,980.

In the most recent transaction, Drake Eileen P. sold 39,711 shares of AJRD for 41.60 per share on Aug 11. After the transaction, the CEO and President now owns 214,000 company shares.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AJRD in the last 3 months, the mean price target is $58.00 with high estimates of $58.00 and low estimates of $58.00. In terms of 52-week highs and lows, AJRD has a high of $56.80 and a low of $36.44.

As of this writing, AJRD has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.54 per share and a lower estimate of $0.44. The company reported an EPS of $0.31 in the last quarter, which was -47.50% lower than expectations of $0.59.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. AJRD’s latest balance sheet shows that the firm has $711.00M in Cash & Short Term Investments as of fiscal 2021. There were $502.60M in debt and $875.80M in liabilities at the time. Its Book Value Per Share was $6.98, while its Total Shareholder’s Equity was $533.50M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AJRD is Buy with a score of 3.00.

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