Air T Stock (NASDAQ:AIRT), Trade Ideas

Air T

Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, and Ground support services, Commercial jet engines and parts, Corporate and Other. It generates maximum revenue from the Overnight air cargo segment.

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Why Stabilis Solutions Shares Jumped Over 71%; Here Are 70 Biggest Movers From Yesterday

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When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

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Some of the stocks that may grab investor focus today are:

5 Stocks To Watch For June 28, 2021

Air T Inc

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Shares of several companies in the broader industrial sector are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

Air T Q3 2024 EPs $(1.06) Down From $(0.21) YoY, Revenue $63.8M Up From $61.4M

The principal buyers of the private placement were its largest shareholder and their affiliates. Moreover, the private placement buyers have an option to buy an additional $4.0 million at the same $17.00 per-share price.

AIRTP

Air T Completed Its Private Placement Of $4M Of Its 8% Trust Preferred Securities At $17/Share For A 12.1% Yield To Maturity

Air T (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRT#NASDAQ">AIRT</a>) reported quarterly losses of $(0.57) per share. This is a 32.56 percent decrease over losses of $(0.43) per share from the same period last year. The company reported $79.00 million in sales this quarter. This is a 30.15 percent increase over sales of $60.70 million the same period last year.

Air T Q2 EPS $(0.57) Down From $(0.43) YoY, Sales $79.00M Up From $60.70M YoY

Offerings

Air T, Inc: On October 17, 2023,  Co. & Air T Funding Entered Into At-the-market Offering Agreement For Offering Price Of Up To $6.45M From Time To Time - Filing

<h3>Gainers</h3>
<ul>
<li>GD Culture Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDC#NASDAQ">GDC</a>) shares rose 43.7% to $3.65 during Monday's regular session. As of 13:30 EST, this security is trading at a volume of 40.9 million shares, making up 31219.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $11.1 million. </li>
<li>Performance Shipping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSHG#NASDAQ">PSHG</a>) stock moved upwards by 23.17% to $1.86. Performance Shipping's stock is trading at a volume of 2.0 million shares as of 13:30 EST. This is 761.3% of its average full-day volume over the last 100 days. The company's market cap stands at $21.2 million. </li>
<li>Markforged Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKFG#NYSE">MKFG</a>) stock increased by 11.25% to $1.33. Markforged Holding's stock is trading at a volume of 757.5K shares as of 13:30 EST. This is 42.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $263.4 million. </li>
<li>Air T (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRT#NASDAQ">AIRT</a>) stock increased by 10.6% to $22.9. The market value of their outstanding shares is at $64.5 million. </li>
<li>Odyssey Marine Explr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>) shares moved upwards by 10.16% to $4.55. Odyssey Marine Explr's stock is trading at a volume of 91.1K shares as of 13:30 EST. This is 150.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $90.9 million. </li>
<li>Pioneer Power Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPSI#NASDAQ">PPSI</a>) shares increased by 9.7% to $7.46. Pioneer Power Solutions's stock is trading at a volume of 118.3K shares as of 13:30 EST. This is 81.5% of its average full-day volume over the last 100 days. The company's market cap stands at $74.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Heliogen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLGN#NYSE">HLGN</a>) stock declined by 17.4% to $0.2 during Monday's regular session. Trading volume for this security as of 13:30 EST is 3.6 million, which is 149.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $41.7 million. </li>
<li>Orbital Infr Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OIG#NASDAQ">OIG</a>) stock decreased by 13.65% to $0.45. As of 13:30 EST, this security is trading at a volume of 259.1K shares, making up 421.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.1 million. </li>
<li>Applied UV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVI#NASDAQ">AUVI</a>) stock declined by 11.6% to $0.56. Applied UV's stock is trading at a volume of 635.2K shares as of 13:30 EST. This is 85.5% of its average full-day volume over the last 100 days. The company's market cap stands at $5.0 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) stock fell 10.93% to $0.68. As of 13:30 EST, this security is trading at a volume of 216.7K shares, making up 636.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $17.9 million. </li>
<li>Electriq Power Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELIQ#NYSE">ELIQ</a>) stock declined by 10.83% to $2.1. Trading volume for this security as of 13:30 EST is 572.0K, which is 18.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $80.2 million. </li>
<li>VCI Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) stock declined by 10.48% to $4.2. Trading volume for VCI Global's stock is 225.9K as of 13:30 EST. This is 5.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $154.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's Intraday Session

Air T (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRT#NASDAQ">AIRT</a>) reported quarterly losses of $(0.19) per share. This is a 62 percent increase over losses of $(0.50) per share from the same period last year. The company reported $71.40 million in sales this quarter. This is a 40.28 percent increase over sales of $50.90 million the same period last year.

Air T Q1 EPS $(0.19) Up From $(0.50) YoY, Sales $71.40M Up From $50.90M YoY

<h3>Gainers</h3>
<ul>
<li>Urban-gro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares moved upwards by 23.1% to $1.81 during Friday's regular session. Trading volume for Urban-gro's stock is 1.2 million as of 13:37 EST. This is 1093.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $19.7 million. </li>
<li>ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) stock rose 17.11% to $1.75. Trading volume for this security as of 13:37 EST is 1.1 million, which is 78.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $269.3 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares increased by 16.34% to $0.82. Knightscope's stock is trading at a volume of 6.4 million shares as of 13:37 EST. This is 301.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $48.6 million. </li>
<li>Microvast Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) stock increased by 15.91% to $2.04. As of 13:37 EST, Microvast Holdings's stock is trading at a volume of 3.7 million, which is 87.3% of its average full-day volume over the last 100 days. The company's market cap stands at $631.2 million. </li>
<li>Terran Orbital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLAP#NYSE">LLAP</a>) shares moved upwards by 15.41% to $1.62. As of 13:37 EST, this security is trading at a volume of 4.0 million shares, making up 153.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $260.3 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) shares rose 15.35% to $2.92. Trading volume for this security as of 13:37 EST is 524.1K, which is 43.9% of its average full-day volume over the last 100 days. The company's market cap stands at $414.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) shares decreased by 10.2% to $1.23 during Friday's regular session. The market value of their outstanding shares is at $48.0 million. </li>
<li>374Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWO#NASDAQ">SCWO</a>) shares decreased by 7.88% to $1.99. As of 13:37 EST, 374Water's stock is trading at a volume of 339.0K, which is 84.2% of its average full-day volume over the last 100 days. The company's market cap stands at $256.7 million. </li>
<li>Wheels Up Experience (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) shares fell 7.37% to $1.2. Trading volume for this security as of 13:37 EST is 361.4K, which is 86.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $30.0 million. </li>
<li>Williams Ind Servs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WLMS#AMEX">WLMS</a>) shares declined by 6.85% to $0.29. Trading volume for this security as of 13:37 EST is 187.7K, which is 201.4% of its average full-day volume over the last 100 days. The company's market cap stands at $7.9 million. </li>
<li>Air T (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRT#NASDAQ">AIRT</a>) shares fell 6.36% to $24.02. The market value of their outstanding shares is at $67.6 million. </li>
<li>iSun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) stock declined by 5.46% to $0.37. The current volume of 803.3K shares is 191.9% of iSun's average full-day volume over the last 100 days (last updated at 13:37 EST). The company's market cap stands at $6.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Intraday Session

Today the Company is announcing results for the Fiscal year ended March 31, 2023:
<ul>
<li>Revenues totaled&nbsp;$247.3 million&nbsp;for the fiscal year ended March 31, 2023, an increase of&nbsp;$70.2 million, or&nbsp;40%&nbsp;from the prior year.</li>
<li>Operating loss was&nbsp;$4.4 million&nbsp;for the fiscal year ended March 31, 2023, compared to operating income in the prior year of&nbsp;$8.8 million.</li>
<li>Adjusted EBITDA&#x2A; profit of&nbsp;$6.0 million&nbsp;for the year ended March 31, 2023, compared to Adjusted EBITDA&#x2A; profit of&nbsp;$11.4 million&nbsp;in the prior year.</li>
<li>Loss per share of&nbsp;$4.32&nbsp;for the year ended March 31, 2023, compared to income per share of&nbsp;$3.79&nbsp;for the prior year.</li>
<li>Total Equity decreased from&nbsp;$24.6 million&nbsp;as of March 31, 2022, to&nbsp;$11.9 million&nbsp;as of March 31, 2023, a decrease of&nbsp;$12.7 million, or (49.5)%.</li>
</ul>
&#x2A;Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure.

Air T, Inc. Reports FY23 Results; FY23 EPS $(4.32); Revenue $247.3M

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Shares of several companies in the industrials sector are trading higher amid overall market strength after PCE data came in below estimates, which has raised hopes of slowing inflation.

- Form 8 Filing
On January 31, 2023, Air T, Inc. (&ldquo;Company&rdquo;) acquired all of the issued and outstanding common stock of Worldwide Aircraft Services, Inc., a Kansas corporation (&ldquo;Worldwide&rdquo;) for&nbsp;$3,078,021. Approximately&nbsp;$1,628,000&nbsp;of the purchase price was paid at closing. The remaining amount bears interest at the rate of six percent (6%) per annum and is payable via periodic payments up to the January 1, 2026 maturity date. Worldwide is a maintenance, repair and overhaul business located in Springfield, Missouri.

On Jan 31, 2023 Air T Acquired All Of Issued & Outstanding Common Stock Of Worldwide Aircraft Services, Inc, Kansas Corporation For $3,078,021

Air T (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRT#NASDAQ">AIRT</a>) reported quarterly losses of $(0.43) per share. This is a 59.26 percent decrease over losses of $(0.27) per share from the same period last year. The company reported $60.70 million in sales this quarter. This is a 40.39 percent increase over sales of $43.24 million the same period last year.

Air T Q2 EPS $(0.43) Down From $(0.27) YoY, Sales $60.70M Up From $43.24M YoY

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Embraer-Empresa Brasileira De Aeronautica

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Shares of several companies in the industrials sector are trading higher as stocks rebound following recent weakness. The sector has experienced volatility amid Fed policy tightening measures which may lead to a slowdown in economic growth and consumer spending.