In the latest session, Allegiant Travel (NASDAQ: ALGT) closed at $62.15 down -5.96% from its previous closing price of $66.09. In other words, the price has decreased by -$3.94 from its previous closing price. On the day, 511213 shares were traded.
Ratios:
For a deeper understanding of Allegiant Travel’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.83. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.43.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 06, 2024, Reiterated its Market Perform rating but revised its target price to $85 from $82 previously.
On June 15, 2023, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $110 to $145.
Barclays Downgraded its Overweight to Equal Weight on March 10, 2023, whereas the target price for the stock was revised from $96 to $105.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 12 ’24 when ELLMER GARY sold 2,000 shares for $79.10 per share. The transaction valued at 158,200 led to the insider holds 8,490 shares of the business.
DeAngelo Scott Wayne sold 3,680 shares of ALGT for $224,738 on Nov 07 ’23. The EVP and CMO now owns 93,872 shares after completing the transaction at $61.07 per share. On Oct 25 ’23, another insider, Wilper Keny Frank, who serves as the COO of the company, sold 1,270 shares for $71.10 each. As a result, the insider received 90,297 and left with 12,059 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALGT now has a Market Capitalization of 1.21B and an Enterprise Value of 2.76B. As of this moment, Allegiant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.84, and their Forward P/E ratio for the next fiscal year is 7.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 1.10 whereas that against EBITDA is 5.62.
Stock Price History:
Over the past 52 weeks, ALGT has reached a high of $130.93, while it has fallen to a 52-week low of $54.87. The 50-Day Moving Average of the stock is 73.49, while the 200-Day Moving Average is calculated to be 84.00.
Shares Statistics:
For the past three months, ALGT has traded an average of 256.39K shares per day and 299.15k over the past ten days. A total of 18.27M shares are outstanding, with a floating share count of 15.13M. Insiders hold about 17.32% of the company’s shares, while institutions hold 85.66% stake in the company. Shares short for ALGT as of Mar 28, 2024 were 746.37k with a Short Ratio of 2.91, compared to 688.18k on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.08% and a Short% of Float of 6.01%.
Dividends & Splits
According to the company, the forward annual dividend rate for ALGT is 1.80, from 1.20 in the trailing year. Against a Trailing Annual Dividend Yield of 1.82%, it implies a Forward Annual Dividend Yield of 2.89%. The stock’s 5-year Average Dividend Yield is 1.79.
Earnings Estimates
There are 11 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.75 for the current quarter, with a high estimate of $1.4 and a low estimate of $0.08, while EPS last year was $3.04. The consensus estimate for the next quarter is $1.77, with high estimates of $2.3 and low estimates of $1.11.
Analysts are recommending an EPS of between $7.25 and $2.9 for the fiscal current year, implying an average EPS of $5.08. EPS for the following year is $8.59, with 11 analysts recommending between $11.65 and $6.4.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $650.09M this quarter.It ranges from a high estimate of $669.06M to a low estimate of $635.9M. As of the current estimate, Allegiant Travel’s year-ago sales were $628.81M, an estimated increase of 3.40% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $696.26M, an increase of 1.80% less than the figure of $3.40% in the same quarter last year. There is a high estimate of $721.42M for the next quarter, whereas the lowest estimate is $669.7M.
A total of 10 analysts have provided revenue estimates for ALGT’s current fiscal year. The highest revenue estimate was $2.8B, while the lowest revenue estimate was $2.57B, resulting in an average revenue estimate of $2.69B. In the same quarter a year ago, actual revenue was $2.51B, up 7.20% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $2.98B in the next fiscal year. The high estimate is $3.21B and the low estimate is $2.72B. The average revenue growth estimate for next year is up 10.80% from the average revenue estimate for this year.
