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AL Stock Summary and Trading Ideas (Air Lease Class A | NYSE:AL)

Charts for Today's Stock Price and Implied Volatility in Air Lease Class A

19-Apr-2024

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30-Day Implied Volatility | IV30 Full Chart

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Air Lease Class A (AL) Frequently Asked Questions

What does Air Lease Class A do?

Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company earns from revenue originates from the renting of flight equipment. Geographically it operates in Asia Pacific, Europe, The Middle East and Africa, Central America, South America and Mexico and U.S. and Canada.

What symbol and exchange does Air Lease Class A stock trade?

Air Lease Class A trades on the NYSE stock market under the symbol AL.

What is Air Lease Class A stock price doing today?

As of April 19, 2024, AL stock price climbed to $49.03 with 803,399 million shares trading.

What is Air Lease Class A's Beta?

AL has a beta of 0.99, meaning it tends to be less sensitive to market movements. AL has a correlation of 0.24 to the broad based SPY ETF.

How much is Air Lease Class A worth?

AL has a market cap of $5.46 billion. This is considered a Mid Cap stock.

How much money does Air Lease Class A make?

Last quarter Air Lease Class A reported $717 million in Revenue and $1.92 earnings per share. This beat revenue expectation by $48 million and exceeded earnings estimates by $.84.

What is the highest and lowest price Air Lease Class A traded in the last 3 year period?

In the last 3 years, AL stock traded as high as $51.77 and as low as $29.75.

What are the top ETFs holding Air Lease Class A?

The top ETF exchange traded funds that AL belongs to (by Net Assets): IJR, VTI, VB, AVUV, VBR.

Is Air Lease Class A (AL) a good investment?

AL has outperformed the market in the last year with a price return of +25.3% while the SPY ETF gained +21.2%. AL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.8% and -3.0%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

What is the support and resistance for Air Lease Class A (AL) stock price?

AL support price is $47.98 and resistance is $49.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AL stock will trade within this expected range on the day.