Alaska Air Group Inc. (ALK) concluded trading on Wednesday at a closing price of $42.01, with 3.01 million shares of worth about $126.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.03% during that period and on March 27, 2024 the price saw a gain of about 5.37%. Currently the company’s common shares owned by public are about 126.09M shares, out of which, 125.56M shares are available for trading.
Stock saw a price change of 8.33% in past 5 days and over the past one month there was a price change of 9.12%. Year-to-date (YTD), ALK shares are showing a performance of 7.52% which increased to 7.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.75 but also hit the highest price of $57.18 during that period. The average intraday trading volume for Alaska Air Group Inc. shares is 2.42 million. The stock is currently trading 10.16% above its 20-day simple moving average (SMA20), while that difference is up 12.76% for SMA50 and it goes to 4.32% higher than SMA200.
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Alaska Air Group Inc. (NYSE: ALK) currently have 126.09M outstanding shares and institutions hold larger chunk of about 82.08% of that.
The stock has a current market capitalization of $5.30B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 23.23, while it has posted earnings per share of $1.81 in the same period. Its PEG reads 1.74 and has Quick Ratio of 0.58 while making debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALK, volatility over the week remained 2.63% while standing at 2.75% over the month.
Analysts are in expectations that Alaska Air Group Inc. (ALK) stock would likely to be making an EPS of -$0.91 in the current quarter, while forecast for next quarter EPS is $2.07 and it is $6.05 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.9 which is -$0.49 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.62 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.18% while it is estimated to increase by 36.50% in next year. EPS is likely to grow at an annualized rate of 13.38% for next 5-years, compared to annual growth of -12.33% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on February 20, 2024 offering a Buy rating for the stock and assigned a target price range of between $44 and $51 to it. Coverage by TD Cowen stated Alaska Air Group Inc. (ALK) stock as an Outperform in their note to investors on January 26, 2024, suggesting a price target of $40 for the stock. Stock get a Mkt perform rating from Raymond James on December 04, 2023.
