Alaska Air Group Inc (ALK) concluded trading on Thursday at a closing price of $55.88, with 2.88 million shares of worth about $160.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.36% during that period and on December 05, 2024 the price saw a gain of about 2.70%. Currently the company’s common shares owned by public are about 126.94M shares, out of which, 126.39M shares are available for trading.
Stock saw a price change of 6.07% in past 5 days and over the past one month there was a price change of 15.07%. Year-to-date (YTD), ALK shares are showing a performance of 43.03% which increased to 57.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.62 but also hit the highest price of $54.66 during that period. The average intraday trading volume for Alaska Air Group Inc shares is 2.32 million. The stock is currently trading 5.91% above its 20-day simple moving average (SMA20), while that difference is up 15.36% for SMA50 and it goes to 33.19% higher than SMA200.
Alaska Air Group Inc (NYSE: ALK) currently have 126.94M outstanding shares and institutions hold larger chunk of about 86.91% of that.
The stock has a current market capitalization of $7.09B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 22.48, while it has posted earnings per share of $2.49 in the same period. Its PEG reads 1.51 and has Quick Ratio of 0.57 while making debt-to-equity ratio of 1.37. 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 2.48% while standing at 2.42% over the month.
Stock’s fiscal year EPS is expected to drop by -6.72% while it is estimated to increase by 31.29% in next year. EPS is likely to grow at an annualized rate of 14.84% 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 December 04, 2024 offering a Buy rating for the stock and assigned a target price range of between $50 and $68 to it. Coverage by UBS stated Alaska Air Group Inc (ALK) stock as a Buy in their note to investors on November 26, 2024, suggesting a price target of $72 for the stock. On November 15, 2024, Goldman Resumed their recommendations, while on October 28, 2024, Melius Upgrade their ratings for the stock with a price target of $56. Stock get an Overweight rating from Barclays on October 21, 2024.
