The stock of AerSale Corporation (NASDAQ:ASLE) increased by $0.25 on Friday to finish at $10.98, up 2.33 percent. The last five days have seen an average of 1,200,840 shares of common stock traded. 24 times new highs were reached in the current year, with a fall of -$5.24. The average number of shares traded over the last 20 days was 626,685, while the average volume over the last 50 days totaled 547,722.
ASLE stock dropped -26.21% since last month. On 08/09/23, the company’s shares reached a one-month low of $10.39. The stock touched a high of $21.76 on 03/06/23, after rallying from a low of $10.39 in 52 weeks. The price of ASLE stock has declined by -32.31% or -$5.24 this year, reaching a new high 24 times. Still, the stock price is down -49.54% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
ASLE stock investors should be aware that AerSale Corporation (ASLE) stock had its last reported insider trading activity 73 days ago on Jun 02. On Jun 02, Director Kirton Michael sold 4,000,000 shares at $15.00 each. This transaction resulted in the insider making $60,000,000. On Jun 02, SEIFFER JONATHAN A sold 4,000,000 shares at a price of US$15.00. After the transaction, the insider now owns 13,569,821 shares. Director Green Equity Investors CF, L.P had earlier sold 4,000,000 shares on Jun 02 for $15.00 a share. The transaction was completed for $60,000,000.
Valuation Metrics
AerSale Corporation (ASLE) has a trailing price-to-earnings (P/E) ratio of 22.09. Beta for the stock is 0.45. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.51, the price-to-book (PB) ratio of 1.26.
Financial Health
For the three months ended June 29, AerSale Corporation’s quick ratio was 3.20, while its current ratio was 5.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 35.50% percent. AerSale Corporation’s EBITDA margin for the year ended June 29 was 16.16%, whereas its operating margin stood at 15.10% for the same period. Based on annual data, it had gross profit of $151.39 million and revenue of $408.54 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASLE’s return on assets (ROA) during the last 12 months has been 8.40%. There was a 9.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.70%.
Earnings Surprise
According to AerSale Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $69.14 million, while revenues fell by -101.92% to $78.27 million. It was predicted that AerSale Corporation’s quarterly earnings would be $0, but it ended up being $0.11. EBITDA was -$4.07 million for the quarter. At the end of AerSale Corporation’s most recent quarter ended June 29, its liabilities totaled 101.67 million, while its total debt was $39.53 million. Equity owned by shareholders amounts to $51.33 million.
Technical Picture
Here’s a quick look at AerSale Corporation’s (ASLE) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 21.39%, suggesting the stock is oversold, with a 146.14% historical volatility rate.
The stochastic %K and %D were 9.59% and 21.66% respectively, while the average true range (ATR) was 0.81. Based on the 14-day stochastic reading of 11.60%, the RSI (14) reading is 25.15%. On the 9-day MACD Oscillator, the stock is at -2.32, and the 14-day reading is at -2.95.
Analyst Ratings
AerSale Corporation (NASDAQ: ASLE) was downgraded by RBC Capital Mkts to a a Sector perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned AerSale Corporation (ASLE) an Overweight rating. ASLE is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is ASLE’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $23.00, with a median target price of $17.50. In analyzing these forecasts, the average price target given by analysts for AerSale Corporation (ASLE) is $18.00.
