Moreover, the 36-month beta value for ASLE is 0.25. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ASLE is 28.81M and currently, short sellers hold a 16.59% of that float. On May 09, 2024, ASLE’s average trading volume was 595.78K shares.
ASLE) stock’s latest price update
AerSale Corp (NASDAQ: ASLE)’s stock price has gone rise by 16.03 in comparison to its previous close of 7.55, however, the company has experienced a 20.33% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that AerSale (ASLE) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ASLE’s Market Performance
AerSale Corp (ASLE) has experienced a 20.33% rise in stock performance for the past week, with a 28.45% rise in the past month, and a -2.88% drop in the past quarter. The volatility ratio for the week is 3.05%, and the volatility levels for the past 30 days are at 3.84% for ASLE. The simple moving average for the past 20 days is 25.69% for ASLE’s stock, with a -25.80% simple moving average for the past 200 days.
Analysts’ Opinion of ASLE
Many brokerage firms have already submitted their reports for ASLE stocks, with RBC Capital Mkts repeating the rating for ASLE by listing it as a “Sector Perform.” The predicted price for ASLE in the upcoming period, according to RBC Capital Mkts is $15 based on the research report published on August 09, 2023 of the previous year 2023.
Truist, on the other hand, stated in their research note that they expect to see ASLE reach a price target of $19. The rating they have provided for ASLE stocks is “Buy” according to the report published on December 02nd, 2022.
RBC Capital Mkts gave a rating of “Outperform” to ASLE, setting the target price at $21 in the report published on November 30th of the previous year.
ASLE Trading at 18.64% from the 50-Day Moving Average
After a stumble in the market that brought ASLE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.41% of loss for the given period.
Volatility was left at 3.84%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +32.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.42% upper at present.
During the last 5 trading sessions, ASLE rose by +24.59%, which changed the moving average for the period of 200-days by -40.05% in comparison to the 20-day moving average, which settled at $7.08. In addition, AerSale Corp saw -31.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASLE starting from Finazzo Nicolas, who purchase 35,277 shares at the price of $7.52 back on Mar 15 ’24. After this action, Finazzo Nicolas now owns 4,392,204 shares of AerSale Corp, valued at $265,361 using the latest closing price.
Nichols Robert B., the Director of AerSale Corp, purchase 5,500 shares at $7.31 during a trade that took place back on Mar 15 ’24, which means that Nichols Robert B. is holding 8,500 shares at $40,205 based on the most recent closing price.
Stock Fundamentals for ASLE
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.28 for the gross margin
The net margin for AerSale Corp stands at 0.0. The total capital return value is set at -0.01. Equity return is now at value 0.16, with 0.13 for asset returns.
Based on AerSale Corp (ASLE), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -4.12. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -24.08.
Currently, EBITDA for the company is 48000.0 with net debt to EBITDA at 18.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 11.54for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.17.
Conclusion
To wrap up, the performance of AerSale Corp (ASLE) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
