AEVEX Corp. operates as a defense technology contractor and enabler of the U.S. Unmanned Aerial Systems (UAS) dominance strategy mission. The company operates i...
Following a $50M U.S. Air Force contract and Q1 revenue surging 307% YoY with net profit turning positive to $19.6M, AVEX traded intraday high at $20.285 before closing up 2.75% at $20.17, after pre-market ranging $19.6-$20.2. The stock remains 52.4% below the 52-week high of $42.34 but holds above the 20-day MA of $19.84 and has rebounded 33.9% from the 52-week low of $15.07. However, prior PE sponsor stake reduction and the April $27/share offering continue to weigh on sentiment.
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