AEVEX (NYSE:AVEX) reaches new 52-week low - should you Sell? Shares of AEVEX Corp. (NYSE:AVEX - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $10.84 and last traded at $10.84, with a volume of 488,864 shares traded. The stock had previously closed at $14.34. Wall Street analyst weigh in. AVEX has been the topic of a number of analyst reports. Piper Sandler initiated coverage on shares of AEVEX in a report on Wednesday, September 2nd. They issued a "neutral" rating and a $20.00 target price on the stock. Weiss Ratings started coverage on shares of AEVEX in a report on Friday, August 14th. They set a "sell (d)" rating on the stock. Royal Bank Of Canada reduced their price target on shares of AEVEX from $31.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday, October 12th. Jefferies Financial Group started coverage on AEVEX in a research report on Wednesday, September 23rd. They set a "buy" rating and a $26.00 price target on the stock. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of AEVEX in a research report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AEVEX presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.56. AEVEX stock down 16.0%. The stock has a market cap of $1.37 billion and a PE ratio of 37.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.50 and a current ratio of 5.66. The company's fifty day moving average is $16.56. AEVEX (NYSE:AVEX - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.05). The business had revenue of $201.79 million during the quarter, compared to analyst estimates of $155.15 million. AEVEX's revenue for the quarter was up 99.5% on a year-over-year basis. On average, equities research analysts expect that AEVEX Corp. will post 0.51 earnings per share for the current fiscal year. Institutional trading of AEVEX. A number of hedge funds and other institutional investors have recently modified their holdings of AVEX. Alyeska Investment Group L.P. purchased a new position in shares of AEVEX during the second quarter valued at about $19,903,000. State Street Corp purchased a new stake in AEVEX in the second quarter valued at $6,885,000. Concurrent Investment Advisors LLC acquired a new stake in AEVEX during the second quarter valued at $2,381,000. Readystate Asset Management LP purchased a new stake in shares of AEVEX in the second quarter valued at approximately $1,044,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of AEVEX during the second quarter worth about $343,000. AEVEX company profile. AEVEX Aerospace, Inc is a defense technology company that develops and delivers advanced systems and mission solutions for national security customers. Its work focuses on intelligence, surveillance and reconnaissance (ISR), special operations, unmanned systems, electronic warfare, and other complex aerospace and defense missions. The company provides missionized aircraft and unmanned aerial systems, payloads, sensors, communications equipment, data and intelligence capabilities, and related engineering and integration services. Receive News & Ratings for AEVEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AEVEX and related companies with MarketBeat.com's FREE daily email newsletter.

U.S. Navy is said to halt purchases of Aevex drone boats. The U.S. Navy has stopped purchasing autonomous speedboats manufactured by Aevex Corp.'s AVEX BlackSea unit after spending nearly $137 million on the technology, Bloomberg News reported Tuesday, citing people familiar with the decision. The move follows persistent technical problems and the emergence of less expensive alternatives for unmanned maritime combat. The Navy suspended additional orders for the Global Autonomous Reconnaissance Craft, or GARC, following an independent evaluation that identified shortcomings in the vessels' hardware and performance, according to Bloomberg News. The military also has been exploring cheaper one-way attack drones that could accomplish similar missions. A Navy spokesperson confirmed that the service has spent $136.8 million on 24 prototypes and 301 GARCs but didn't address the decision to discontinue purchases. For investors, the decision raises questions about the commercial prospects of autonomous military systems as the Pentagon prepares to request $54 billion to expand its unmanned capabilities in the next fiscal year. The setback is particularly significant for Aevex AVEX, which acquired GARC developer BlackSea Technologies in September in a transaction valued at as much as $650 million. Aevex AVEX shares fell as much as 7.5% in after-hours trading Tuesday before recovering most of their losses. The company said its unmanned vessels remain operational across multiple Navy fleets and task forces, accumulating more than 25,000 hours of maritime activity. Aevex also plans to improve existing GARC platforms while developing larger autonomous vessels for potential military applications. The Navy's withdrawal from further GARC purchases doesn't necessarily end Aevex's AVEX relationship with the Pentagon or its opportunities in maritime robotics. BlackSea recently was among three winners of a Navy competition involving autonomous mine detection and destruction, a program separate from GARC. Disclaimer Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.

Specter | New jet-powered "kamikaze" drone for the US military. Defence Redefined 16/10/2026 AEVEX unveiled its new jet-powered autonomous aircraft, Specter, for the first time at the AUSA 2026 exhibition in Washington. The drone is the latest development from a company that has played a significant role in US military efforts to develop one-way unmanned aerial vehicles. Specifically, AEVEX built the Phoenix Ghost drones that were secretly rushed to Ukraine in 2022. AEVEX describes Specter as a high-speed, low-cost, jet-powered autonomous platform designed for high-risk operational environments. It is being developed around a modular architecture, with ground-launched and air-launched variants. Its interchangeable nose section is intended to accommodate different payloads, including kinetic warheads, electronic warfare equipment, intelligence, surveillance and reconnaissance (ISR) systems, and other future capabilities. The company has yet to disclose key performance and technical details, including range, payload capacity, communications architecture, targeting methods or the extent of its autonomous capabilities. Specter is being positioned neither simply as a single-use munition - a kamikaze drone - nor as a high-end unmanned combat aerial vehicle. Instead, AEVEX appears to be pursuing a middle ground: a jet-powered platform capable of conducting one-way attack missions while also supporting intelligence and reconnaissance operations, depending on its configuration. AEVEX is developing Specter with Divergent, an engineering company known for its digital manufacturing processes, specifically its DAPS digital manufacturing platform. The partnership aims to make the drone easier to manufacture at scale while accommodating changes to its design and configuration. The company says Specter's open interfaces and software-defined capabilities are intended to allow the platform to evolve as operational requirements change, rather than being optimised for a single mission. Specter remains under development, with its first flight scheduled for December 2026. AEVEX is pursuing several potential military applications, including the US Army's Family of Affordable Mass Missiles (FAMM) programme and even Rapid Dragon, the new system for launching missiles from transport aircraft. These ambitions indicate the range of applications AEVEX hopes Specter could fulfil, rather than confirming that the aircraft has been selected for any of them.