Air Lease Corp (NYSE: AL) is 22.56% higher on its value in year-to-date trading and has touched a low of $33.33 and a high of $51.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AL stock was last observed hovering at around $51.01 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $51.40, the stock is 3.31% and 12.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 0.76% at the moment leaves the stock 24.46% off its SMA200. AL registered 31.86% gain for a year compared to 6-month gain of 49.20%.
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The stock witnessed a 4.68% loss in the last 1 month and extending the period to 3 months gives it a 24.88%, and is 5.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.03% over the month.
Air Lease Corp (AL) has around 163 employees, a market worth around $5.72B and $2.52B in sales. Current P/E ratio is 9.99 and Fwd P/E is 9.51. Profit margin for the company is 22.73%. Distance from 52-week low is 54.22% and -0.71% from its 52-week high. The company has generated returns on investments over the last 12 months (2.48%).
The EPS is expected to shrink by -11.15% this year
The shares outstanding are 111.03M, and float is at 103.45M with Short Float at 5.13%.
Air Lease Corp (AL) Insider Activity
The most recent transaction is an insider sale by Khatibi Alex A, the company’s EVP. SEC filings show that Khatibi Alex A sold 11,199 shares of the company’s common stock on Mar 15 ’24 at a price of $47.37 per share for a total of $0.53 million. Following the sale, the insider now owns 76300.0 shares.
Air Lease Corp disclosed in a document filed with the SEC on Mar 15 ’24 that Levy Grant A (EVP) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $46.82 per share for $0.35 million. Following the transaction, the insider now directly holds 0.15 million shares of the AL stock.
Still, SEC filings show that on Mar 05 ’24, Khatibi Alex A (EVP) disposed off 11,198 shares at an average price of $43.11 for $0.48 million. The insider now directly holds 87,499 shares of Air Lease Corp (AL).
