AerSale Corporation (NASDAQ: ASLE) stock fell -1.36% on Friday to $15.25 against a previous-day closing price of $15.46. With 3.87 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 million shares. The 52-week range on ASLE shows that it touched its highest point at $21.37 and its lowest point at $10.39 during that stretch. It currently has a 1-year price target of $18.00. Beta for the stock currently stands at 0.38.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASLE was down-trending over the past week, with a drop of -3.85%, but this was up by 33.19% over a month. Three-month performance surged to 2.62% while six-month performance fell -4.98%. The stock lost -26.01% in the past year, while it has lost -5.98% so far this year. A look at the trailing 12-month EPS for ASLE yields -0.05 with Next year EPS estimates of 1.11. For the next quarter, that number is 0.21. This implies an EPS growth rate of 8.10% for this year and 79.52% for next year.
Float and Shares Shorts:
At present, 51.33 million ASLE shares are outstanding with a float of 26.62 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.35 million, which was 4.58% higher than short shares on Jul 30, 2023. In addition to Mr. Nicolas Finazzo as the firm’s Chairman, CEO & Division Pres of TechOps, Mr. Robert B. Nichols serves as its Exec. Vice Chairman & Division Pres of Asset Management Solutions.
Through their ownership of 62.10% of ASLE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 73.31% of ASLE, in contrast to 27.14% held by mutual funds. Shares owned by individuals account for 17.71%. As the largest shareholder in ASLE with 6.98% of the stake, AltraVue Capital LLC holds 3,582,055 shares worth 3,582,055. A second-largest stockholder of ASLE, Fidelity Management & Research Co, holds 1,706,460 shares, controlling over 3.33% of the firm’s shares. Janus Henderson Investors US LLC is the third largest shareholder in ASLE, holding 1,522,690 shares or 2.97% stake. With a 2.79% stake in ASLE, the Janus Henderson Small Cap Value F is the largest stakeholder. A total of 1,431,950 shares are owned by the mutual fund manager. The Fidelity VIP – Mid Cap Portfolio, which owns about 2.53% of ASLE stock, is the second-largest Mutual Fund holder. It holds 1,296,400 shares valued at 19.2 million. Vanguard Total Stock Market ETF holds 1.56% of the stake in ASLE, owning 797,962 shares worth 11.82 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ASLE reported revenue of $139.61M and operating income of $31.48M. The EBITDA in the recently reported quarter was $31.59M and diluted EPS was $0.47.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASLE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASLE analysts setting a high price target of $23.00 and a low target of $14.00, the average target price over the next 12 months is $18.00. Based on these targets, ASLE could surge 50.82% to reach the target high and fall by -8.2% to reach the target low. Reaching the average price target will result in a growth of 18.03% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded ASLE stock several times over the past three months with 13 Buys and 0 Sells. In these transactions, 206,831 shares were bought while 0 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 372,087 while 30,193,333 shares were sold.