ALOT - AstroNova: A Lot To Like
2024-04-10 04:27:46 ET
Summary
- AstroNova is a microcap stock that has been performing well and has the potential for further growth in the next 24-48 months.
- The company's Product Identification segment has faced sales pressure due to macro impacts and idiosyncratic issues but is expected to see an uplift in sales in 2024.
- The Test & Measurement segment, which includes airplane printers, has seen sales growth and is expected to benefit from the growing demand for commercial aircraft production.
For those with freedom to invest in microcaps, AstroNova ( ALOT ) is a sneaky good setup that has incrementally gotten more recognition as they’ve started to post improving results over the past few quarters. But despite the stock growing 12% year-to-date and 50% over the past year, there’s still room for it to be justifiably higher over the next 24-48 months....
AstroNova: A Lot To Like