Alaska Air Group Inc. (ALK) concluded trading on Thursday at a closing price of $41.76, with 3.71 million shares of worth about $155.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.65% during that period and on April 4, 2024 the price saw a loss of about -0.29%. Currently the company’s common shares owned by public are about 126.09M shares, out of which, 125.56M shares are available for trading.
However, the stock later moved at a day high price of 38.86, or with a loss of -0.29%. Stock saw a price change of -0.60% in past 5 days and over the past one month there was a price change of 12.23%. Year-to-date (YTD), ALK shares are showing a performance of 6.89% which decreased to -0.78% 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 2.46 million. The stock is currently trading 5.96% above its 20-day simple moving average (SMA20), while that difference is up 9.77% for SMA50 and it goes to 4.19% 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 82.10% of that.
The stock has a current market capitalization of $5.26B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 23.09, while it has posted earnings per share of $1.81 in the same period. Its PEG reads 1.73 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 3.06% while standing at 2.87% over the month.
Stock’s fiscal year EPS is expected to drop by -4.92% while it is estimated to increase by 39.25% 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.
