Air Lease Corp (AL) Stock: A Closer Look at the Moving Averages

In the past week, AL stock has gone up by 0.26%, with a monthly gain of 20.47% and a quarterly surge of 22.61%. The volatility ratio for the week is 1.61%, and the volatility levels for the last 30 days are 2.30% for Air Lease Corp The simple moving average for the last 20 days is 7.13% for AL’s stock, with a simple moving average of 23.96% for the last 200 days.

Is It Worth Investing in Air Lease Corp (NYSE: AL) Right Now?

Air Lease Corp (NYSE: AL) has a higher price-to-earnings ratio of 9.80x compared to its average ratio. AL has 36-month beta value of 1.65. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 1 as “sell.”

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The public float for AL is 103.13M, and currently, short sellers hold a 2.86% ratio of that float. The average trading volume of AL on April 04, 2024 was 1.47M shares.

AL) stock’s latest price update

Air Lease Corp (NYSE: AL)’s stock price has gone rise by 0.60 in comparison to its previous close of 50.14, however, the company has experienced a 0.26% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-03 that Here is how Air Lease (AL) and Dynagas LNG (DLNG) have performed compared to their sector so far this year.

Analysts’ Opinion of AL

Many brokerage firms have already submitted their reports for AL stocks, with BMO Capital Markets repeating the rating for AL by listing it as a “Outperform.” The predicted price for AL in the upcoming period, according to BMO Capital Markets is $54 based on the research report published on January 10, 2024 of the current year 2024.

Barclays, on the other hand, stated in their research note that they expect to see AL reach a price target of $46. The rating they have provided for AL stocks is “Overweight” according to the report published on November 15th, 2023.

Citigroup gave a rating of “Neutral” to AL, setting the target price at $41 in the report published on May 15th of the previous year.

AL Trading at 15.30% from the 50-Day Moving Average

After a stumble in the market that brought AL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.57% of loss for the given period.

Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares surge +18.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.90% upper at present.

During the last 5 trading sessions, AL rose by +0.26%, which changed the moving average for the period of 200-days by +19.16% in comparison to the 20-day moving average, which settled at $47.47. In addition, Air Lease Corp saw 20.27% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at AL starting from Khatibi Alex A, who sale 11,199 shares at the price of $47.37 back on Mar 15 ’24. After this action, Khatibi Alex A now owns 76,300 shares of Air Lease Corp, valued at $530,447 using the latest closing price.

Levy Grant A, the EVP of Air Lease Corp, sale 7,500 shares at $46.82 during a trade that took place back on Mar 15 ’24, which means that Levy Grant A is holding 150,815 shares at $351,165 based on the most recent closing price.

Stock Fundamentals for AL

Current profitability levels for the company are sitting at:

  • 0.47 for the present operating margin
  • 0.42 for the gross margin

The net margin for Air Lease Corp stands at 0.23. The total capital return value is set at 0.04. Equity return is now at value 8.90, with 2.06 for asset returns.

Based on Air Lease Corp (AL), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 3.13. The interest coverage ratio of the stock is 5.9.

Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 10.93. When we switch over and look at the enterprise to sales, we see a ratio of 9.06. The receivables turnover for the company is 7.88for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.

Conclusion

To put it simply, Air Lease Corp (AL) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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