Why Air Industries Group (AIRI) Declined Last Week?

From Yahoo Finance: 2025-04-01 09:24:00

Defense stocks globally are on the rise, with European and Asian companies benefiting. However, US defense stocks are struggling amid budget cut concerns. Analysts at UBS remain optimistic, stating the downside is shrinking. Citi analyst Jason Gursky advises investors to buy American defense stocks. The future outlook remains positive.

Air Industries Group (AIRI) experienced a 10.03% decline in share price. This aerospace and defense manufacturer saw shares drop by 5.84% to $3.59. Analysts project a 67% decrease in EPS for the upcoming earnings call on April 7, but revenue is expected to rise. AIRI ranks 7th among declining defense stocks.

Investors are closely watching Air Industries Group (AIRI) this week amid a cumulative 10% decline. While AI stocks show promise, AIRI is lagging. For those seeking AI stocks with potential for higher returns within a shorter timeframe, consider exploring options beyond AIRI. Additional research is advised before making investment decisions.

Read more: Why Air Industries Group (AIRI) Declined Last Week?