AerSale Corporation [ASLE] Investment Guide: What You Need to Know


In a filing, AerSale Corporation revealed its insider Finazzo Nicolas acquired Company’s shares for reported $0.83 million on Aug 18. In the deal valued at $12.58 per share,65,965 shares were bought. As a result of this transaction, Finazzo Nicolas now holds 4,356,127 shares worth roughly $ 66.43 million.

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Then, Fry James bought 1,750 shares, generating $22,295 in total proceeds. Upon buying the shares at $12.74, the insider now owns 12,153 shares.

Before that, Finazzo Nicolas bought 36,259 shares. AerSale Corporation shares valued at $424,749 were divested by the insider at a price of $11.71 per share. As a result of the transaction, Finazzo Nicolas now holds 4,300,162 shares, worth roughly $65.58 million.

RBC Capital Mkts downgraded its AerSale Corporation [ASLE] rating to a Sector perform from a an Outperform in a research note published on Friday, August 09, 2023; the price target was decreased to $15 from $20. PT values the company’s stock at a premium of -1.67 to its Friday closing price.

Price Performance Review of ASLE

On Friday, AerSale Corporation [NASDAQ:ASLE] saw its stock fall -1.36% to $15.25. On the same session, the stock had its day’s lowest price of $15.19, but rose to a high of $15.60. Over the last five days, the stock has lost -3.85%. AerSale Corporation shares have fallen nearly -5.98% since the year began. Nevertheless, the stocks have fallen -26.01% over the past one year. While a 52-week high of $21.37 was reached on 03/06/23, a 52-week low of $10.39 was recorded on 08/09/23. SMA at 50 days reached $14.22, while 200 days put it at $16.05. A total of 3.87 million shares were traded, compared to the trading of 0.71 million shares in the previous session.

Levels Of Support And Resistance For ASLE Stock

The 24-hour chart illustrates a support level at 15.09, which if violated will result in even more drops to 14.94. On the upside, there is a resistance level at 15.50. A further resistance level may holdings at 15.76. The Relative Strength Index (RSI) on the 14-day chart is 56.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.36%. Stochastics %K at 63.26% indicates the stock is a holding.

How much short interest is there in AerSale Corporation?

A steep rise in short interest was recorded in AerSale Corporation stocks on Aug 30, 2023, growing by 1.12 million shares to a total of 2.35 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 1.23 million shares. There was a rise of 47.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 29.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.76.

AerSale Corporation [ASLE] – Who Are The Largest Shareholders?

In filings from AltraVue Capital LLC, it is revealed that the company now owns 3,582,055 shares, or roughly 6.98% of the outstanding ASLE shares. In other words, the investor’s shares have risen by 463,140 from its previous 13-F filing of 3118915.0. Additionally, Fidelity Management & Research Co increased 7.62% of its stake after which the total value it holdings stand at $25,272,673, while Janus Henderson Investors US LLC added 9.25% of its stake to hold $22.55 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 24,273 shares of AerSale Corporation, while Private Capital Management LLC bought 33,474 shares. At present, The Vanguard Group, Inc. is holding 1,174,087 shares valued at $17.39 million. Ranger Investment Management LP owned 1,049,210 shares of the company at the time of its most recent 13F filing, worth $15.54 million.

According to FactSet, AerSale Corporation’s share price will average $18.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.2 percent from its previous closing price of $15.46. Analysts expect AerSale Corporation stock to reach the higher price of $23.00, while the lowest price estimate is $14.00. However, 4 analysts have rated ASLE stock as an Overweight in their predictions for 2023.


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