AVAV Slides 28.4% in 3 Months: Buy, Hold or Take Profits?

AeroVironment shares have fallen 28.4% over the past three months, but the company’s $1.1 billion backlog and $2.1 billion in bookings point to durable demand. An ESAero deal adds to the long-term growth story by expanding its aerospace capabilities. The article is constructive overall despite recent share weakness.

Analysis

AeroVironment shares have fallen 28.4% over the past three months, but the company’s $1.1 billion backlog and $2.1 billion in bookings point to durable demand. An ESAero deal adds to the long-term growth story by expanding its aerospace capabilities. The article is constructive overall despite recent share weakness.