The stock price of Air Lease Corp (NYSE: AL) has dropped by -3.85 compared to previous close of 49.62. Despite this, the company has seen a fall of -1.24% in its stock price over the last five trading days. zacks.com reported 2024-08-01 that While the top- and bottom-line numbers for Air Lease (AL) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Air Lease Corp (NYSE: AL) Right Now?
The price-to-earnings ratio for Air Lease Corp (NYSE: AL) is above average at 9.63x, Company’s 36-month beta value is 1.60.Analysts have differing opinions 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 103.91M, and currently, short sellers hold a 3.02% ratio of that floaft. The average trading volume of AL on August 02, 2024 was 770.81K shares.
AL’s Market Performance
AL’s stock has seen a -1.24% decrease for the week, with a 1.84% rise in the past month and a -5.13% fall in the past quarter. The volatility ratio for the week is 3.29%, and the volatility levels for the past 30 days are at 3.03% for Air Lease Corp The simple moving average for the last 20 days is -1.26% for AL’s stock, with a simple moving average of 8.69% for the last 200 days.
Analysts’ Opinion of AL
Many brokerage firms have already submitted their reports for AL stocks, with TD Cowen repeating the rating for AL by listing it as a “Buy.” The predicted price for AL in the upcoming period, according to TD Cowen is $58 based on the research report published on July 29, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see AL reach a price target of $56, previously predicting the price at $59. The rating they have provided for AL stocks is “Buy” according to the report published on May 07th, 2024.
BMO Capital Markets gave a rating of “Outperform” to AL, setting the target price at $54 in the report published on January 10th of the current year.
AL Trading at 0.44% 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 -8.79% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares sank -0.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.49% lower at present.
During the last 5 trading sessions, AL fell by -1.24%, which changed the moving average for the period of 200-days by +33.49% in comparison to the 20-day moving average, which settled at $48.32. In addition, Air Lease Corp saw 13.76% 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 Willis Gregory B, who sale 11,270 shares at the price of $50.06 back on May 15 ’24. After this action, Willis Gregory B now owns 67,099 shares of Air Lease Corp, valued at $564,192 using the latest closing price.
Khatibi Alex A, the EVP of Air Lease Corp, sale 11,199 shares at $47.37 during a trade that took place back on Mar 15 ’24, which means that Khatibi Alex A is holding 76,300 shares at $530,447 based on the most recent closing price.
Stock Fundamentals for AL
Current profitability levels for the company are sitting at:
- 0.53 for the present operating margin
- 0.46 for the gross margin
The net margin for Air Lease Corp stands at 0.2. The total capital return value is set at 0.05. Equity return is now at value 8.50, with 1.97 for asset returns.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
In a nutshell, Air Lease Corp (AL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
