Air Lease Corp (NYSE:AL) shares, rose in value, with the stock price up by 0.19% to the previous day’s close as strong demand from buyers drove the stock to $51.66.
Actively observing the price movement in the last trading, the stock closed the session at $51.56. The PE ratio was 10.04 over 12-month period. Referring to stock’s 52-week performance, its high was $51.77, and the low was $33.33. On the whole, AL has fluctuated by 1.77% over the past month.
The company’s Forward Dividend Ratio is 0.82, with its dividend yield at 1.59%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.85B, with a low estimate of 648.27M and a high estimate of 706.78M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 679.64M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.38, with the price of AL currently trading nearly 3.64% and 11.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.28, while the 7-day volatility ratio is showing 2.10% which for the 30-day chart, stands at 2.00%. Furthermore, Air Lease Corp (AL)’s beta value is 1.63, and its average true range (ATR) is 1.05.
A comparison of Air Lease Corp (AL) with its peers suggests the former has fared considerably weaker in the market. AL showed an intraday change of 0.19% in last session, and over the past year, it grew by 34.04%%.
Data on historical trading for Air Lease Corp (NYSE:AL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.52 million. According to company’s latest data on outstanding shares, there are 111.03 million shares outstanding.
Nearly 7.11% of Air Lease Corp’s shares belong to company insiders and institutional investors own 90.69% of the company’s shares. The stock has risen by 23.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AL stock heading into the next quarter.
