Air Industries Intrinsic Stock Value – Air Industries Unit Sterling Engineering Secures $3.2M in New Contracts
January 4, 2024
☀️Trending News
Air Industries ($NYSEAM:AIRI), a publicly traded company specializing in the manufacturing and distribution of aerospace and defense products and services, has announced that its Sterling Engineering unit has secured $3.2 million in new contracts. Sterling Engineering is a premier aerospace and defense engineering services provider, offering a comprehensive range of solutions including engineering design, testing, certification, and quality assurance. The new contracts come from a variety of sectors, including military, commercial and civil aerospace, defense and security. The contracts will see Sterling Engineering working on projects ranging from aircraft components and systems to weapons systems and accessories. The new contracts are expected to create a significant impact on Air Industries’ bottom line, creating more jobs and stimulating the economy.
Air Industries’ stockholders are likely to be pleased with this news as it is a sign of increasing revenue for the company. Air Industries has seen a steady growth in revenues over the past few years, thanks in part to its diversified portfolio of products and services. This new contract is yet another indication of the company’s commitment to providing the best value to its customers.
Stock Price
On Wednesday, AIR INDUSTRIES‘ stock opened at $3.2 and closed at $3.2, up by 0.3% from prior closing price of 3.2. This increase in stock price was due to news that the company’s Sterling Engineering unit had secured $3.2 million in new contracts. The contracts were awarded by two large government agencies and four private-sector companies and will be used to supply parts and services to a variety of industries. This news is a major win for Air Industries and Sterling Engineering and reinforces their position as a trusted supplier of high-quality engineering parts and services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Air Industries. More…
| Total Revenues | Net Income | Net Margin |
| 51.94 | -3.21 | -6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Air Industries. More…
| Operations | Investing | Financing |
| 7.61 | -2.25 | -4.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Air Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.72 | 34.77 | 4.54 |
Key Ratios Snapshot
Some of the financial key ratios for Air Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | -50.5% | -2.6% |
| FCF Margin | ROE | ROA |
| 10.3% | -5.4% | -1.7% |
Analysis – Air Industries Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of AIR INDUSTRIES‘s well-being. Our proprietary Valuation Line has determined that AIR INDUSTRIES stock is currently trading at $3.2, which is significantly below the fair value of $6.9. This means that the stock is currently undervalued by 53.4%. With our analysis, we hope to help investors understand the potential value of AIR INDUSTRIES, and make informed investment decisions. More…
Peers
The company has a long history of providing quality products and services to its customers. The company’s products are used in a variety of applications, including commercial and military aircraft. Air Industries Group is a publicly traded company on the New York Stock Exchange under the ticker symbol AIRI. The company’s headquarters are located in Melville, New York.
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Summary
Air Industries, an aerospace and defense company, has recently announced that its Sterling Engineering unit has been awarded $3.2 million in new contracts. This is a positive development from an investing standpoint, as it suggests that Air Industries is continuing to secure lucrative contracts and expand its operations in the aerospace and defense industry. Its strong track record of contract wins bodes well for future growth, and the company is likely to remain an attractive investment option for shareholders. The company has also demonstrated a commitment to innovation and ongoing research and development, which may open up even more opportunities for contract wins in the future.
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