Why FTAI Aviation (FTAI) Is Skyrocketing?

We recently published a list of These 10 Firms Were Thursday’s Top Performers. In this article, we are going to take a look at where FTAI Aviation Ltd. (NASDAQ:FTAI) stands against other firms that were Thursday’s top performers.

Wall Street’s main indices closed higher again on Thursday, with the Dow eking out a 0.92-percent gain, while the S&P 500 and Nasdaq Composite grew 0.53 percent and 0.22 percent, respectively.

Ten companies, predominantly under the health, energy, and technology sectors—mirrored the gains on the back of stronger earnings performance and other catalysts fueling buying appetite.

Thursday’s top advancers only considered the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A team of airline employees surrounded by flight deck controls, with a variety of aircraft outside.

FTAI Aviation Ltd. (NASDAQ:FTAI)

FTAI Aviation Ltd. (NASDAQ:FTAI) grew its share prices for a second consecutive day, by 10.34 percent to end Thursday’s trading at $101.5 as investors appeared to have hunted for bargains while waiting for developments on a recently-initiated investigation into its financials.

On Wednesday, investment firm BTIG maintained its buy rating for the company and a $190 price target following a strong revenue performance over the last 12 months.

Earlier this week, FTAI Aviation (NASDAQ:FTAI) was hit by an investigation notice from a shareholder law firm after a research report from Muddy Waters said that the company has been recording one-time engine sales as Maintenance Repair & Overhaul (MRO) revenue in its Aerospace Products segment.

Muddy Waters earlier said that this enabled the company to present a misleading narrative on its financial performance, benefiting insider sellers.

Overall, FTAI ranks 7th on our list of firms that were Thursday’s top performers. While we acknowledge the potential of FTAI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FTAI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.