Innovative Aerosystems, trading under the symbol ISSC on the NASDAQ, is a company that specializes in aerospace technology. Recently, Craig-Hallum set a new price target of $20 for NASDAQ:ISSC, while the stock was trading at $16.18. This target suggests a potential increase of about 23.59% from its current price, indicating strong confidence in the company's future performance.
ISSC has shown impressive growth, as highlighted by its fiscal year 2025 results. The company reported a 78.6% increase in revenue and a GAAP EPS of $0.39. This performance has led to a 72% total return over the past month. A significant contributor to this success is the transition of Honeywell product lines, particularly the F-16 avionics, which is expected to enhance margins and operational efficiency.
Despite this growth, ISSC's valuation remains appealing. The stock trades at a 16.66x trailing P/E ratio, which is considered attractive compared to sector medians. Additionally, the PEG ratio is well below sector averages, suggesting that the stock may be undervalued relative to its growth potential. This makes ISSC an interesting option for investors looking for growth at a reasonable price.
Currently, ISSC's stock is priced at $16.11, reflecting a 12.09% increase with a change of $1.74. The stock has fluctuated between $14.50 and $16.20 today. Over the past year, it has reached a high of $20 and a low of $5.30. With a market capitalization of approximately $284.1 million, ISSC is a notable player in the aerospace sector.
The trading volume for ISSC today is 391,146 shares, indicating active interest from investors. As the company continues to build on its recent successes, the new price target set by Craig-Hallum suggests that there is potential for further growth, making ISSC a stock to watch in the coming months.
