FTAI Aviation Ltd (NASDAQ:FTAI) price on Thursday, February 27, fall -7.62% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $129.63.
A look at the stock’s price movement, the close in the last trading session was $140.32. Turning to its 52-week performance, $181.64 and $54.84 were the 52-week high and 52-week low respectively. Overall, FTAI moved 29.60% over the past month.
FTAI Aviation Ltd’s market cap currently stands at around $13.29 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 1.20, with its dividend yield at 0.93%. 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 490.51M for the company’s revenue for the quarter, with a low and high estimate of 463.24M and 519.7M respectively. The average forecast suggests up to a 50.14% 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 2.43B, representing a 39.80% 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 Hold 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 8.31% and 3.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.26, while 7-day volatility ratio is 8.53% and 8.34% in the 30-day chart. Further, FTAI Aviation Ltd (FTAI) has a beta value of 2.03, and an average true range (ATR) of 11.63. Analysts have given the company’s stock an average 52-week price target of $158, forecast between a low of $100 and high of $190. Looking at the price targets, the low is 22.86% off current price level while to achieve the yearly target high, price needs to move -46.57%. Nonetheless, investors will most likely welcome a -21.89% jump to $158 which is the analysts’ median price.
If we refocus on FTAI Aviation Ltd (NASDAQ:FTAI), historical trading data shows that trading volumes averaged 3.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 102.55 million shares.
The 1.42% of FTAI Aviation Ltd’s shares are in the hands of company insiders while institutional holders own 91.96% of the company’s shares. Current price change has pushed the stock -10.00% 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.
