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AerSale Reports Third Quarter 2024 Results
Business Wire (Thu, 7-Nov 4:05 PM ET)
AerSale Announces Date for Third Quarter 2024 Earnings Release Conference Call
Business Wire (Thu, 24-Oct 4:05 PM ET)
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 January 15, 2025, ASLE stock price climbed to $6.45 with 14,781 million shares trading.
ASLE has a beta of 0.38, meaning it tends to be less sensitive to market movements. ASLE has a correlation of 0.01 to the broad based SPY ETF.
ASLE has a market cap of $343.19 million. This is considered a Small Cap stock.
Last quarter Aersale reported $83 million in Revenue and $.04 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.01.
In the last 3 years, ASLE traded as high as $21.76 and as low as $4.53.
The top ETF exchange traded funds that ASLE belongs to (by Net Assets): IWM, VTI, VXF, IWN, VTWO.
ASLE has underperformed the market in the last year with a return of -41.9%, while SPY returned +25.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ASLE shares. However, ASLE has outperformed the market in the last 3 month and 2 week periods, returning +30.6% and +2.4%, while SPY returned +1.7% and +1.1%, respectively. This indicates ASLE has been having a stronger performance recently.
ASLE support price is $6.28 and resistance is $6.56 (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.