As of Friday close, AerSale Corporation’s (NASDAQ:ASLE) stock was up $0.76, moving up 6.41 percent to $12.61. The average number of shares traded per day over the past five days has been 520,880 shares. 4 times new highs have been achieved over the past 5 days, with a $1.63 gain in that time frame. In the last twenty days, the average volume was 677,950, while in the previous 50 days, it was 545,638.
Since last month, ASLE stock retreated -15.88%. Shares of the company fell to $10.39 on 08/09/23, the lowest level in the past month. A 52-week high of $21.76 was reached on 03/06/23 after having rallying from a 52-week low of $10.39. Since the beginning of this year, ASLE’s stock price has dropped by -22.26% or -$3.61, and marked a new high 24 times. However, the stock has declined by -42.05% since its 52-week high.
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ASLE stock investors should be aware that AerSale Corporation (ASLE) stock had its last reported insider trading activity 2 days ago on Aug 17. Finazzo Nicolas, the of the company, purchased of 36,259 shares for $11.71 on Aug 17. It resulted in a $424,749 investment by the insider. Wright Frederick Craig added 2,500 shares at an average price of $11.82 on Aug 17. The insider now owns 221,585 shares following the transaction. On Aug 17, Barimo Basil bought 2,500 shares at $11.51 apiece. The transaction was valued at $28,775.
Valuation Metrics
Right now, AerSale Corporation (ASLE) has a P/E ratio of about 25.37. The stock’s beta is 0.45. Besides these, the trailing price-to-sales (P/S) ratio of 1.73, the price-to-book (PB) ratio of 1.44.
Financial Health
In the three months ended June 29, AerSale Corporation’s quick ratio stood at 3.20, while its current ratio was 5.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 35.50% percent. In the year ended June 29, EBITDA margin amounted to 16.16%, whereas operating margins totaled 15.10%. Based on annual data, ASLE earned $151.39 million in gross profit and brought in $408.54 million 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 9.20%. Return on equity (ROE) for the past 12 months was 9.70%.
In AerSale Corporation’s quarter-end financial report for June 29, it reported total debt of $8.56 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ASLE’s revenue fell -101.92% to $78.27 million during the quarter, while net income inched up to $69.14 million. While analysts expected AerSale Corporation to report $0.11 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by -109.10%. During the quarter, the company generated -$4.07 million in EBITDA. The liabilities of AerSale Corporation were 101.67 million at the end of its most recent quarter ended June 29, and its total debt was $39.53 million. The value of shareholders’ equity is $51.33 million.
Technical Picture
This quick technical analysis looks at AerSale Corporation’s (ASLE) price momentum. With a historical volatility rate of 157.65%, the RSI 9-day stood at 48.31% on 18 August.
With respect to its five-day moving average, the current AerSale Corporation price is up by +14.85% percent or $1.63. At present, ASLE shares trade -15.43% below its 20-day simple moving average and -23.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.27% below its SMA50 and -40.52% below its SMA200.
Stochastic coefficient K was 33.85% and Stochastic coefficient D was 25.83%, while ATR was 0.74. Given the Stochastic reading of 48.26% for the 14-day period, the RSI (14) reading has been calculated as 44.06%. As of today, the MACD Oscillator reading stands at 0.23, while the 14-day reading stands at -0.68.
Analyst Ratings
AerSale Corporation downgraded its rating on AerSale Corporation (NASDAQ: ASLE) to a Sector perform in a note to investors on August 09, 2023. The analysts firm previously had an Outperform rating on the stock.AerSale Corporation (ASLE) has been rated Overweight by analysts. According to 0 brokerage firms, ASLE is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AerSale Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $17.50, the current consensus forecast for the stock is $14.00 – $23.00. Based on these forecasts, analysts predict AerSale Corporation (ASLE) will achieve an average price target of $18.00.
