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Alaska Air Group Inc. (NYSE: ALK) closed the day trading at $42.68 down -3.37% from the previous closing price of $44.17. In other words, the price has decreased by -$3.37 from its previous closing price. On the day, 2.46 million shares were traded. ALK stock price reached its highest trading level at $44.18 during the session, while it also had its lowest trading level at $42.42.
Ratios:
For a better understanding of ALK, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 0.68. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.80.
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 July 24, 2024, Reiterated its Buy rating but revised its target price to $51 from $58 previously.
On May 17, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $55.
TD Cowen reiterated its Buy rating for the stock on April 19, 2024, while the target price for the stock was revised from $49 to $58.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 28 ’24 when HARRISON ANDREW R sold 6,500 shares for $38.36 per share. The transaction valued at 249,348 led to the insider holds 26,048 shares of the business.
MINICUCCI BENITO bought 56 shares of ALK for $2,031 on Dec 07 ’23. The CEO AND PRESIDENT now owns 119,942 shares after completing the transaction at $36.27 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALK now has a Market Capitalization of 5572471808 and an Enterprise Value of 6750473728. As of this moment, Alaska’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.71, and their Forward P/E ratio for the next fiscal year is 7.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 1.28. Its current Enterprise Value per Revenue stands at 0.642 whereas that against EBITDA is 5.57.
Stock Price History:
Over the past 52 weeks, ALK has reached a high of $46.15, while it has fallen to a 52-week low of $30.75. The 50-Day Moving Average of the stock is 12.36%, while the 200-Day Moving Average is calculated to be 8.45%.
Shares Statistics:
Over the past 3-months, ALK traded about 2.46M shares per day on average, while over the past 10 days, ALK traded about 2838610 shares per day. A total of 126.09M shares are outstanding, with a floating share count of 125.62M. Insiders hold about 0.43% of the company’s shares, while institutions hold 89.42% stake in the company. Shares short for ALK as of 1726185600 were 8503288 with a Short Ratio of 3.45, compared to 1723680000 on 9953404. Therefore, it implies a Short% of Shares Outstanding of 8503288 and a Short% of Float of 8.9899994.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.95.
