With over 0.12 million CPI Aerostructures Inc. (CVU) shares trading Tuesday and a closing price of $3.92 on the day, the dollar volume was approximately $0.46 million. The shares have shown a positive half year performance of 148.10% and its price on 01/24/23 gained nearly 10.42%. Currently, there are 12.30M common shares owned by the public and among those 10.67M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CVU have a consensus price objective of $4.00. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $4.00. The average price target is 2.0% above its recent price level and an upside to the estimated low will see the stock gain 2.0% over that period. But an upside of 2.0% will see the stock hit the forecast high price target while median target price for the stock is $4.00.
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Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 247,502 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in CPI Aerostructures Inc. are Royce Micro Cap Fund, Royce Micro Cap Trust, and Royce Capital Fund – Micro Cap Po. Royce Micro Cap Fund owns 0.36 million shares of the company’s stock, all valued at over $1.15 million. The company sold -0.11 million shares recently to bring their total holdings to about 2.91% of the shares outstanding. Royce Capital Fund – Micro Cap Po sold 52552.0 shares to bring its total holdings to over 0.15 million shares at a value of $0.48 million. Royce Capital Fund – Micro Cap Po now owns shares totaling to 1.21% of the shares outstanding.
Shares of CPI Aerostructures Inc. (AMEX: CVU) opened at $3.65, up $0.1 from a prior closing price of $3.55. However, the script later moved the day high at 3.9800, up 10.42%. The company’s stock has a 5-day price change of 10.11% and 124.64% over the past three months. CVU shares are trading 22.50% year to date (YTD), with the 12-month market performance up to 52.53% higher. It has a 12-month low price of $0.86 and touched a high of $3.96 over the same period. CVU has an average intraday trading volume of 57.83K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.86%, 21.94%, and 77.51% respectively.
Institutional ownership of CPI Aerostructures Inc. (AMEX: CVU) shares accounts for 14.70% of the company’s 12.30M shares outstanding. Mutual fund holders own 30.61%, while other institutional holders and individual stakeholders account for 6.72% and -2.43% respectively.
It has a market capitalization of $49.24M and a beta (3y monthly) value of 1.73. The stock’s trailing 12-month PE ratio is 25.79, while the earnings-per-share (ttm) stands at $0.15. The company has a PEG of 2.87 and a Quick Ratio of 1.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.16% over the week and 5.62% over the month.
Analysts forecast that CPI Aerostructures Inc. (CVU) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2022. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.05 a year ago. EPS should shrink at an annualized rate of 9.00% over the next five years, compared to 27.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate CPI Aerostructures Inc. (CVU) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
