Astronics Story

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ATRO -- USA Stock  

USD 17.10  0.49  2.79%

Given the investment horizon of 90 days Astronics is expected to generate 5.46 times more return on investment than the market. However, the company is 5.46 times more volatile than its market benchmark. It trades about 0.17 of its potential returns per unit of risk. The DOW is currently generating roughly 0.14 per unit of risk. While many risk-averse institutional investors are getting carried away by overanalyzing industrials space, it is reasonable to outline Astronics Cp. We will go over odds for Astronics to generate above-average margins next month.
Published over a month ago
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What March volatility we project for Astronics (NASDAQ:ATRO)?
Astronics Cp currently holds roughly 29.9 M in cash with 43.96 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.97.
Volatility is a rate at which the price of Astronics or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Astronics may increase or decrease. In other words, similar to Astronics's beta indicator, it measures the risk of Astronics and helps estimate the fluctuations that may happen in a short period of time. So if prices of Astronics fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Astronics's Liquidity

Astronics financial leverage refers to using borrowed capital as a funding source to finance Astronics Cp 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.

How Astronics utilizes its cash?

To perform a cash flow analysis of Astronics, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Astronics is receiving and how much cash it distributes out in a given period. The Astronics cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Astronics Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 46.92 Million

Astronics Volatility Drivers

Astronics unsystematic risk is unique to Astronics Cp and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Astronics you can also buy Ducommun. You can also mitigate this risk by investing in the aerospace & defense sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Astronics important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Astronics income statement and balance sheet. Here are more details about Astronics volatility.
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