Ftai Aviation Ltd is a prominent global player in the aviation sector, focusing on the acquisition, leasing, and management of aircraft and aviation-related assets
The company specializes in providing various financial and operational solutions to airlines and aviation operators, thereby helping to enhance their operational efficiency and fleet management. Through its extensive portfolio of aircraft and strategic partnerships, Ftai Aviation plays a crucial role in facilitating air travel and supporting the growth of the aviation industry worldwide.
Shares of aircraft leasing company FTAI Aviation (NASDAQFTAI) jumped 8% in the morning session as the stock continued to recover after the Muddy Waters short report accusing the company of misrepresenting its business (more asset sales than maintenance, repair, overhaul (MRO) revenue) and engaging in misleading depreciation tactics. This could show that as investors digest the news and speak to FTAI management/investor relations, they are gaining more confidence in the business compared to when the report was initially published. Additionally, multiple sellside analysts from firms such as Morgan Stanley, Jefferies, and BTIG have defended the stock and categorized the drop post-Muddy Waters report to be overblown.
Shares of aircraft leasing company FTAI Aviation (NASDAQFTAI) jumped 8.4% in the afternoon session after BTIG analyst Andre Madrid showed strong confidence in the business quality and the stock, saying "Despite the market reaction, we remain positive on the company's disruptive aftermarket approach and ability to drive further profitability at the Aerospace Products business."
The jet aircraft lessor said that even though it strongly disagrees with the assertions in the short seller's report, it could delay filing its annual report.
Shares of aircraft leasing company FTAI Aviation (NASDAQFTAI) fell 28.3% in the morning session after the company released additional information following Muddy Waters's short report (published last week).
FTAI Aviation stock drops amid potential delay in financial reporting. The Audit Committee of the Board of Directors determined to commence a review in response to the assertions alleged in the recent Short-Seller Report.
Eleven large-cap stocks were the worst performers in the last week. Short positions announced for FTAI, revenue updates for MRNA, and price forecasts changed for GME, SNAP, RKLB, NTRA, LLY, ICLR, BNTX, NVO, and BMRN.
Shares of aircraft leasing company FTAI Aviation (NASDAQFTAI) jumped 5.4% in the morning session after the stock continued to recover from the Muddy Waters report. FTAI added in its response to the report, "...believes that the recent report by Muddy Waters is an attempt to profit at the expense of FTAI's shareholders by manipulating the company's stock price. We strongly disagree with the assertions made by this notorious short-seller, several of which are sourced to a single, anonymous individual who is described only as 'a former FTAI executive' and whose agenda is not explained."
Hillman has been treading water for the past six months, recording a small return of 1.4% while holding steady at $10.03. The stock also fell short of the S&P 500’s 6.6% gain during that period.
Shares of aircraft leasing company FTAI Aviation (NASDAQFTAI) jumped 8.2% in the pre-market session after the company responded to Muddy Waters's short report, saying that it "...believes that the recent report by Muddy Waters is an attempt to profit at the expense of FTAI's shareholders by manipulating the company's stock price. We strongly disagree with the assertions made by this notorious short-seller, several of which are sourced to a single, anonymous individual who is described only as 'a former FTAI executive' and whose agenda is not explained."
Intel’s stock price has taken a beating over the past six months, shedding 42.3% of its value and falling to $19.81 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Shares of aircraft leasing company FTAI Aviation (NASDAQFTAI) fell 7.4% in the afternoon session after Muddy Waters, a research firm known for short reports and bets that stocks are overvalued, published a report on FTAI. Muddy Waters claims that FTAI Aviation has been recording one-time engine sales as Maintenance Repair & Overhaul (MRO) revenue in its Aerospace Products (AP) segment. This has led to a growth story in FTAI's AP revenue, which Muddy Waters believes is lower quality than investors give the company credit for.
The research firm estimates that the majority of FTAI Aviation's adjusted EBITDA in the Aerospace Products segment comes from gains on sales, which is less recurring in nature.
Over the last six months, Zeta’s shares have sunk to $17.33, producing a disappointing 9.5% loss - a stark contrast to the S&P 500’s 4.2% gain. This may have investors wondering how to approach the situation.
