FTAI Aviation Ltd (NASDAQ: FTAI) is 223.32% higher on its value in year-to-date trading and has touched a low of $39.52 and a high of $149.74 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 FTAI stock was last observed hovering at around $149.02 in the last trading session, with the day’s gains setting it 1.0%.
Currently trading at $150.02, the stock is 4.59% and 11.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 0.67% at the moment leaves the stock 59.41% off its SMA200. FTAI registered 269.78% gain for a year compared to 6-month gain of 90.62%. The firm has a 50-day simple moving average (SMA 50) of $133.6804 and a 200-day simple moving average (SMA200) of $93.61145.
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The stock witnessed a 3.50% loss in the last 1 month and extending the period to 3 months gives it a 43.29%, and is 11.59% 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 4.18% over the week and 3.68% over the month.
FTAI Aviation Ltd (FTAI) has around 170 employees, a market worth around $15.33B and $1.56B in sales. Fwd P/E is 30.49. Profit margin for the company is -0.56%. Distance from 52-week low is 279.61% and 0.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.26%).
FTAI Aviation Ltd quarterly earnings per share for the current quarter are estimated at 0.87 with sales reaching $487.7M over the same period.The EPS is expected to shrink by -109.53% this year, but quarterly earnings will post 46.30% year-over-year. Quarterly sales are estimated to grow 55.90% in year-over-year returns.
458.0 institutions hold shares in FTAI Aviation Ltd (FTAI), with institutional investors hold 103.60% of the company’s shares. The shares outstanding are 102.21M, and float is at 100.74M with Short Float at 3.18%. Institutions hold 102.11% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.78 million shares valued at $1.01 billion. The investor’s holdings represent 9.7565 of the FTAI Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 8.75 million shares valued at $902.95 million to account for 8.7255 of the shares outstanding. The other top investors are WASHINGTON STATE INVESTMENT BOARD which holds 8.31 million shares representing 8.2868 and valued at over $857.55 million, while BLACKROCK INC. holds 7.1459 of the shares totaling 7.16 million with a market value of $739.49 million.
FTAI Aviation Ltd (FTAI) Insider Activity
The most recent transaction is an insider purchase by Adams Joseph P. Jr., the company’s CEO and Chairman. SEC filings show that Adams Joseph P. Jr. bought 59,000 shares of the company’s common stock on May 30 ’24 at a price of $82.00 per share for a total of $4.84 million. Following the purchase, the insider now owns 0.2 million shares.
