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The price of Allegiant Travel (NASDAQ: ALGT) closed at $41.55 in the last session, down -0.76% from day before closing price of $41.87. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 0.65 million shares were traded. ALGT stock price reached its highest trading level at $43.58 during the session, while it also had its lowest trading level at $41.24.
Ratios:
We take a closer look at ALGT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.74. In the meantime, Its Debt-to-Equity ratio is 1.74 whereas as Long-Term Debt/Eq ratio is at 1.35.
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 August 07, 2024, Reiterated its Hold rating but revised its target price to $33 from $39 previously.
On July 17, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $60 to $39.
Deutsche Bank Downgraded its Buy to Hold on July 08, 2024, whereas the target price for the stock was revised from $75 to $53.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 26 ’24 when ELLMER GARY sold 1,000 shares for $45.00 per share. The transaction valued at 45,000 led to the insider holds 7,490 shares of the business.
ELLMER GARY bought 1,000 shares of ALGT for $45,000 on Aug 26 ’24. On Aug 19 ’24, another insider, Wilper Keny Frank, who serves as the COO of the company, sold 403 shares for $39.17 each. As a result, the insider received 15,786 and left with 9,759 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 760232000 and an Enterprise Value of 2256046848. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 0.903 whereas that against EBITDA is 7.713.
Stock Price History:
Over the past 52 weeks, ALGT has reached a high of $88.09, while it has fallen to a 52-week low of $36.08. The 50-Day Moving Average of the stock is -6.80%, while the 200-Day Moving Average is calculated to be -32.63%.
Shares Statistics:
According to the various share statistics, ALGT traded on average about 434.92K shares per day over the past 3-months and 346560 shares per day over the past 10 days. A total of 18.27M shares are outstanding, with a floating share count of 15.25M. Insiders hold about 16.65% of the company’s shares, while institutions hold 90.44% stake in the company. Shares short for ALGT as of 1724976000 were 1905129 with a Short Ratio of 4.38, compared to 1722384000 on 1711123. Therefore, it implies a Short% of Shares Outstanding of 1905129 and a Short% of Float of 14.7.
Dividends & Splits
The forward annual dividend rate for ALGT is 1.80, which was 2.4 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.057320282The stock’s 5-year Average Dividend Yield is 1.79.
