Alaska Air Group Inc. (ALK) concluded trading on Thursday at a closing price of $42.96, with 2.43 million shares of worth about $104.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.68% during that period and on October 10, 2024 the price saw a gain of about 0.37%. Currently the company’s common shares owned by public are about 126.09M shares, out of which, 125.62M shares are available for trading.
Stock saw a price change of 0.66% in past 5 days and over the past one month there was a price change of 8.79%. Year-to-date (YTD), ALK shares are showing a performance of 9.96% which increased to 22.99% 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 $46.15 during that period. The average intraday trading volume for Alaska Air Group Inc. shares is 2.49 million. The stock is currently trading 1.18% above its 20-day simple moving average (SMA20), while that difference is up 11.61% for SMA50 and it goes to 8.93% higher than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Alaska Air Group Inc. (NYSE: ALK) currently have 126.09M outstanding shares and institutions hold larger chunk of about 89.43% of that.
The stock has a current market capitalization of $5.42B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 24.88, while it has posted earnings per share of $1.73 in the same period. Its PEG reads 1.64 and has Quick Ratio of 0.66 while making debt-to-equity ratio of 0.92. 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 2.84% while standing at 3.11% over the month.
Stock’s fiscal year EPS is expected to drop by -8.15% while it is estimated to increase by 31.72% in next year. EPS is likely to grow at an annualized rate of 15.21% 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 TD Cowen on July 24, 2024 offering a Buy rating for the stock and assigned a target price range of between $58 and $51 to it. Coverage by Wolfe Research stated Alaska Air Group Inc. (ALK) stock as an Outperform in their note to investors on May 17, 2024, suggesting a price target of $55 for the stock. On April 19, 2024, TD Cowen Reiterated their recommendations, while on April 05, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $49. Stock get a Buy rating from Deutsche Bank on February 20, 2024.
