Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) Relative Strength Index (RSI) is 83.74, with weekly volatility at 2.94% and ATR at 1.84. The AJRD stock’s 52-week price range has touched low of $32.15 and a $57.27 high. Intraday shares traded counted 16.76 million, which was -1954.73% lower than its 30-day average trading volume of 815.91K. Its shares traded higher over the last trading session, gaining 25.52% on 12/21/20. The shares fell to a low of $50.51 before closing at $52.77. AJRD’s previous close was $42.04 while the outstanding shares total 77.60M. The firm has a beta of 0.41, a 12-month trailing P/E ratio of 34.51, and a growth ratio of 7.67.
Investors have identified the Aerospace & Defense company Aerojet Rocketdyne Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.06 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Aerojet Rocketdyne Holdings Inc. (AJRD) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For AJRD, the company has in raw cash 1.01 billion on their books with 297.7 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.61 billion total, with 921.1 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.94 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on AJRD sounds very interesting.
Is the stock of AJRD attractive?
In related news, Director, CORCORAN THOMAS A sold 6,800 shares of the company’s stock in a transaction that recorded on Jun 10. The sale was performed at an average price of 44.52, for a total value of 302,736. As the sale deal closes, the Chief Operating Officer, Tucker Mark A now sold 12,594 shares of the company’s stock, valued at 655,770. Also, Director, TURCHIN MARTIN sold 5,000 shares of the company’s stock in a deal that was recorded on Mar 04. The shares were price at an average price of 52.25 per share, with a total market value of 261,250. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
3 out of 6 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Aerojet Rocketdyne Holdings Inc.. 0 analysts has assigned a Sell rating on the AJRD stock. The 12-month mean consensus price target for the company’s shares has been set at $51.00.