Why AeroVironment Stock Dropped 10.9% in November
Up 56% year to date, shares of small-drone maker AeroVironment (NASDAQ: AVAV) nonetheless hit an air pocket in the month of November, tumbling more than 9% in a single day (Nov. 8) after an analyst report pointed out serious shortcomings with the stock. The bad news is that in the nearly one month since that stumble, AeroVironment stock has almost entirely failed to recover, gaining back less than three of the percentage points it lost.
The good news is that there's at least a chance AeroVironment will regain its lost altitude in the quarters to come.
Drone maker AeroVironment seemed to get hit by a drone strike itself last month. Image source: Getty Images.
Source: Fool.com
Aerovironment Stock
€156.70
-1.460%
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Aerovironment.
However, we have a potential of -1.72% for Aerovironment as the target price of 154 € is below the current price of 156.7 €.
