Alaska Air Group Inc (ALK) concluded trading on Thursday at a closing price of $68.85, with 6.49 million shares of worth about $447.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 80.90% during that period and on January 23, 2025 the price saw a gain of about 2.15%. Currently the company’s common shares owned by public are about 126.94M shares, out of which, 126.46M shares are available for trading.
Stock saw a price change of 3.29% in past 5 days and over the past one month there was a price change of 5.97%. Year-to-date (YTD), ALK shares are showing a performance of 6.33% which increased to 97.67% 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 $70.21 during that period. The average intraday trading volume for Alaska Air Group Inc shares is 2.60 million. The stock is currently trading 3.56% above its 20-day simple moving average (SMA20), while that difference is up 14.22% for SMA50 and it goes to 49.88% higher than SMA200.
Alaska Air Group Inc (NYSE: ALK) currently have 126.94M outstanding shares and institutions hold larger chunk of about 87.60% of that.
The stock has a current market capitalization of $8.74B and its 3Y-monthly beta is at 1.54. PE ratio of stock for trailing 12 months is 22.56, while it has posted earnings per share of $3.05 in the same period. It has Quick Ratio of 0.58 while making debt-to-equity ratio of 1.46. 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 3.79% while standing at 2.84% over the month.
Analysts are in expectations that Alaska Air Group Inc (ALK) stock would likely to be making an EPS of -0.53 in the current quarter, while forecast for next quarter EPS is 2.92 and it is 7.82 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.6 which is -0.4 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 -0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 23.09% while it is estimated to increase by 29.64% in next year.
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 Susquehanna on January 07, 2025 offering a Positive rating for the stock and assigned a target price of $95 to it. Coverage by TD Cowen stated Alaska Air Group Inc (ALK) stock as a Buy in their note to investors on December 11, 2024, suggesting a price target of $78 for the stock. On December 04, 2024, TD Cowen Reiterated their recommendations, while on November 26, 2024, UBS Resumed their ratings for the stock with a price target of $72. Stock get a Buy rating from Goldman on November 15, 2024.
