FTAI Aviation Ltd (NASDAQ:FTAI) price on Thursday, January 16, rose 3.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $120.00.
A look at the stock’s price movement, the close in the last trading session was $116.08, moving within a range at $118.5214 and $131.2. The beta value (5-Year monthly) was 2.073. Turning to its 52-week performance, $181.64 and $47.21 were the 52-week high and 52-week low respectively. Overall, FTAI moved -8.90% over the past month.
FTAI Aviation Ltd’s market cap currently stands at around $12.31 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.20, with its dividend yield at 1.00%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 518.5M for the company’s revenue for the quarter, with a low and high estimate of 480.26M and 646M respectively. The average forecast suggests up to a 65.79% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.75B, representing a 49.84% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FTAI is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 8 recommend FTAI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FTAI’s current price about -14.80% and -20.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.77, while 7-day volatility ratio is 22.70% and 9.20% in the 30-day chart. Further, FTAI Aviation Ltd (FTAI) has a beta value of 2.08, and an average true range (ATR) of 13.64. Analysts have given the company’s stock an average 52-week price target of $156, forecast between a low of $100 and high of $190. Looking at the price targets, the low is 16.67% off current price level while to achieve the yearly target high, price needs to move -58.33%. Nonetheless, investors will most likely welcome a -30.0% jump to $156 which is the analysts’ median price.
If we refocus on FTAI Aviation Ltd (NASDAQ:FTAI), historical trading data shows that trading volumes averaged 3.96 over the past 10 days and 1.67 million over the past 3 months. The company’s latest data on shares outstanding shows there are 102.55 million shares.
The 1.41% of FTAI Aviation Ltd’s shares are in the hands of company insiders while institutional holders own 95.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.83 million on 2024-12-31, giving us a short ratio of 2.45. The data shows that as of 2024-12-31 short interest in FTAI Aviation Ltd (FTAI) stood at 378.0 of shares outstanding, with shares short rising to 2.75 million registered in 2024-11-29. Current price change has pushed the stock -16.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FTAI stock continues to rise going into the next quarter.
