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Chart of the Day: FTAI Aviation - All Time High Even on a Bad Day
Authors Note: The last time I featured FTAI Aviation (FTAI) was on February 1 when it closed at $53.95. Today it closed at 109.25 or 102% higher.
The Chart of the Day belongs to the aviation rental and leasing company FTAI Aviation (FTAI) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 7/16 the stock gained 1.70%.
FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers. As of December 31, 2023, this segment owned and managed 363 aviation assets consisting of 96 commercial aircraft and 267 engines, including eight aircraft and seventeen engines that were located in Russia. The Aerospace Products segment develops, manufactures, repairs, and sells aircraft engines and aftermarket components for aircraft engines. The company was founded in 2011 and is headquartered in New York, New York.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 261.69+ Weighted Alpha
- Gained 230.92% in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 7 new highs and up 19.52% in the last month
- Relative Strength Index 64.98%
- Technical support level at $106.24
- Recently traded at $109.25 with 50 day moving average of $91.91
Fundamental Factors:
- Market Cap $10.81 billion
- P/E 48.05
- Dividend yield 1.11%
- Revenue expected to grow 23.70% this year and another 18.00% next year
- Earning estimated to increase an additional 63.90% next year and continue to compound at an annual rate of 100.80% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 6 strong buy, 4 buy and 2 hold opinion on the stock
- Analysts' price targets are between $69 and $120 with a consensus of $101
- Value Line rates the stock an above average 2
- CFRAs MarketScope rates it a sell
- Morningstar rates it a below average 2 star with a fair value of $91.04 or 18% over valued
- 5,470 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
