Air Lease Corporation (AL) Stock: Should Investors Follow These Insider Trades?


Air Lease Corporation (NYSE:AL) saw a downside of -0.34% to close Monday at $37.59 after subtracting -$0.13 on the day. The 5-day average trading volume is 512,800 shares of the company’s common stock. It has gained $38.42 in the past week and touched a new high 4 times within the past 5 days. An average of 495,095 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 527,308.

AL’s 1-month performance is 18.96% or $5.99 on its low of $31.88 reached on 10/17/22. The company’s shares have touched a 52-week low of $29.75 and high of $48.58, with the stock’s rally to the 52-week high happening on 04/21/22. YTD, AL has lost -15.01% or -$6.64 and has reached a new high 6 times. However, the current price is down -22.62% from the 52-week high price.

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Insider Transactions

AL stock investors last saw insider trading activity on May 12.Khatibi Alex A (EVP) most recently sold 13,600 shares at $45.25 per share on Nov 24. This transaction cost the insider $615,365. EVP, Khatibi Alex A, sold 15,625 shares at a price of $45.50 on Nov 17.

Valuation Metrics

AL stock has a beta of 1.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.75 while the price-to-book (PB) in the most recent quarter is 0.64, with the price to cash flow ratio at 3.64.

As well, the company’s long term debt to equity for the quarter ending June 29 was 2.88, while the total debt to equity was 2.88. The firm’s gross profit as reported stood at $1.55 billion against revenue of $2.09 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -0.05% to $99.96 million, while revenue of $105.85 million was -5.89% off the previous quarter. Analysts expected AL to announce $0.94 per share in earnings in its latest quarter, but it posted $0.95, representing a 1.10% surprise. EBITDA for the quarter stood at more than $540.39 million. AL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 21.7 billion, with total debt at $18.34 billion. Shareholders hold equity totaling $110.89 million.

Let’s look briefly at Air Lease Corporation (AL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 14 November was 71.77% to suggest the stock is trending Overbought, with historical volatility in this time period at 36.77%.

The stock’s 5-day moving average is $36.47, reflecting a +5.86% or $2.08 change from its current price. AL is currently trading +14.92% above its 20-day SMA, +24.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.93% and SMA200 by-3.66%.

Stochastic %K and %D was 86.37% and 80.96% and the average true range (ATR) pointed at 1.40. The RSI (14) points at 66.39%, while the 14-day stochastic is at 82.96% with the period’s ATR at 1.36. The stock’s 9-day MACD Oscillator is pointing at 1.47 and 1.75 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Air Lease Corporation (NYSE: AL), HSBC Securities launched coverage with a Buy rating.


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