Astronics Story

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ATRO -- USA Stock  

USD 13.15  0.46  3.62%

Ehang Holdings would recover faster from the current drop as its shares price went up 2.93% to Astronics's 3.32%As many rational traders are trying to avoid industrials space, it makes sense to outline Astronics a little further and understand how it stands against Ehang Holdings and other similar entities. We are going to inspect some of the competitive aspects of both Astronics and Ehang.
Published over a month ago
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Is Ehang more volatile than Astronics (NASDAQ:ATRO)?
By analyzing existing basic indicators between Astronics and Ehang, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Ehang with a short position in Astronics. Check out our pair correlation module for more information.

Let's begin by analyzing the assets. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Astronics has an asset utilization ratio of 107.79 percent. This suggests that the company is making $1.08 for each dollar of assets. An increasing asset utilization means that Astronics is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as Astronics or Ehang is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

How important is Astronics's Liquidity

Astronics financial leverage refers to using borrowed capital as a funding source to finance Astronics ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Astronics financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Astronics's total debt and its cash.

Correlation Between Astronics and Ehang Holdings

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Astronics together with similar or unrelated positions with a negative correlation. For example, you can also add Ehang Holdings to your portfolio. If Ehang Holdings is not perfectly correlated to Astronics it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Astronics for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down. Please check pair correlation details between ATRO and EH for more information.

Astronics exotic insider transaction detected

Legal trades by Astronics insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Astronics insider trading alert for general transaction of restricted stock unit by David Burney, VP-FINANCE CFO, on 2nd of December 2020. This event was filed by Astronics Corp with SEC on 2020-12-02. Statement of changes in beneficial ownership - SEC Form 4. David Burney currently serves as cfo, executive vp and secretary of Astronics [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

A Deeper look at Astronics

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me now analyze Astronics revenue. Based on the latest financial disclosure, Astronics reported 656.71 M of revenue. This is 81.23% lower than that of the Industrials sector and 94.5% lower than that of the Aerospace & Defense industry. The revenue for all United States stocks is 93.04% higher than that of Astronics. As for Ehang Holdings we see revenue of 106.57 M, which is 99.11% lower than that of the Aerospace & Defense

Astronics656.71 Million
Sector3.5 Billion
Ehang106.57 Million
Astronics
3.5 B
Sector
Ehang

Are Astronics technical indicators showing a collapse?

The mean deviation is down to 2.76 as of today. Astronics exhibits very low volatility with skewness of 0.06 and kurtosis of -0.46. However, we advise investors to further study Astronics technical indicators to make sure all market info is available and is reliable.

Our Conclusion on Astronics

Whereas some other firms in the aerospace & defense industry are either recovering or due for a correction, Astronics may not be performing as strong as the other in terms of long-term growth potentials. The inconsistency in the assessment between current Astronics valuation and our trade advice on Astronics is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Astronics.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Astronics. Please refer to our Terms of Use for any information regarding our disclosure principles.

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