As of Wednesday close, Air Lease Corporation’s (NYSE:AL) stock was up $0.42, moving up 1.11 percent to $38.24. The average number of shares traded per day over the past five days has been 331,160 shares. 4 times new highs have been achieved over the past 5 days, with a $1.67 gain in that time frame. In the last twenty days, the average volume was 487,965, while in the previous 50 days, it was 511,484.
Since last month, AL stock rose 10.78%. Shares of the company fell to $33.13 on 10/24/22, the lowest level in the past month. A 52-week high of $47.00 was reached on 04/21/22 after having rallying from a 52-week low of $29.75. Since the beginning of this year, AL’s stock price has dropped by -13.54% or -$5.99, and marked a new high 6 times. However, the stock has declined by -18.64% since its 52-week high.
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AL stock investors should be aware that Air Lease Corporation (AL) stock had its last reported insider trading activity 196 days ago on May 12. UDVAR-HAZY STEVEN F, the EXECUTIVE CHAIRMAN of the company, purchased of 2,000 shares for $33.86 on May 12. It resulted in a $67,730 investment by the insider. UDVAR-HAZY STEVEN F added 3,000 shares at an average price of $35.60 on May 11. The insider now owns 1,204,558 shares following the transaction. On Feb 23, Director Clark Yvette Hollingsworth bought 6,700 shares at $45.24 apiece. The transaction was valued at $303,130.
The stock’s beta is 1.80. Besides these, the trailing price-to-sales (P/S) ratio of 1.82, the price-to-book (PB) ratio of 0.65, and the price-to-cash flow ratio of 3.78 may also be considered.
The latest dividend of $0.20 per share was paid out, which is 8.11% more than last year’s $0.1850. On Thursday November 3 2022, a $0.0150 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.88, and the total debt-to-equity ratio was 2.88. In the year ended June 29, operating margins totaled 17.20%. Based on annual data, AL earned $1.55 billion in gross profit and brought in $2.09 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.00%. Return on equity (ROE) for the past 12 months was -2.00%.
In Air Lease Corporation’s quarter-end financial report for June 29, it reported total debt of $18.77 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AL’s revenue rose 6.56% to $557.7 million during the quarter, while net income inched up to $561.33 million. While analysts expected Air Lease Corporation to report $0.94 quarterly earnings, the actual figure was $0.95 per share, beating the consensus estimate by 1.10%. During the quarter, the company generated $540.39 million in EBITDA. The liabilities of Air Lease Corporation were 21.7 billion at the end of its most recent quarter ended June 29, and its total debt was $18.34 billion. The value of shareholders’ equity is $110.89 million.
This quick technical analysis looks at Air Lease Corporation’s (AL) price momentum. With a historical volatility rate of 25.59%, the RSI 9-day stood at 69.96% on 23 November.
With respect to its five-day moving average, the current Air Lease Corporation price is up by +4.57% percent or $1.67. At present, AL shares trade +11.16% above its 20-day simple moving average and +16.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.43% above its SMA50 and -7.68% below its SMA200.
Stochastic coefficient K was 77.46% and Stochastic coefficient D was 70.26%, while ATR was 1.19. Given the Stochastic reading of 89.33% for the 14-day period, the RSI (14) reading has been calculated as 65.99%. As of today, the MACD Oscillator reading stands at 0.28, while the 14-day reading stands at 0.93.
HSBC Securities launched its rating on Air Lease Corporation (NYSE: AL) to a Buy in a note to investors on March 15, 2022. Air Lease Corporation (AL) has been rated Buy by analysts. According to 0 brokerage firms, AL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Air Lease Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $55.00, the current consensus forecast for the stock is $51.00 – $60.00. Based on these forecasts, analysts predict Air Lease Corporation (AL) will achieve an average price target of $54.83.