ASLE Stock Summary and Trading Ideas (Aersale | NASDAQ:ASLE)

AerSale Corp is an integrated, diversified leader in aviation aftermarket products and services. It specializes in the sale, lease, and exchange of used aircraft, engines, and components, in addition to providing a broad range of maintenance, repair, and overhaul, and engineering services for commercial aircraft and components. The company operating segment includes Asset Management Solutions and TechOps. It generates maximum revenue from the Asset Management Solutions segment.

Aersale trades on the NASDAQ stock market under the symbol ASLE.

As of October 4, 2024, ASLE stock price declined to $4.75 with 484,651 million shares trading.

ASLE has a beta of 0.87, meaning it tends to be less sensitive to market movements. ASLE has a correlation of 0.05 to the broad based SPY ETF.

ASLE has a market cap of $252.73 million. This is considered a Small Cap stock.

Last quarter Aersale reported $77 million in Revenue and -$.05 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.15.

In the last 3 years, ASLE traded as high as $24.20 and as low as $4.70.

The top ETF exchange traded funds that ASLE belongs to (by Net Assets): VTI, IWM, VXF, IWN, VTWO.

ASLE has underperformed the market in the last year with a price return of -66.9% while the SPY ETF gained +36.6%. ASLE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.7% and -10.7%, respectively, while the SPY returned +4.2% and +0.8%, respectively.

ASLE support price is $4.64 and resistance is $4.96 (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 ASLE shares will trade within this expected range on the day.