In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Alaska Air Group Inc. (NYSE: ALK) closed the day trading at $44.09 up 0.30% from the previous closing price of $43.96. In other words, the price has increased by $0.30 from its previous closing price. On the day, 1.61 million shares were traded. ALK stock price reached its highest trading level at $44.435 during the session, while it also had its lowest trading level at $43.8.
Ratios:
For a better understanding of ALK, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.85.
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 April 19, 2024, Reiterated its Buy rating but revised its target price to $58 from $49 previously.
On April 05, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $41 to $49.
Deutsche Bank Upgraded its Hold to Buy on February 20, 2024, whereas the target price for the stock was revised from $44 to $51.
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. On Jun 08 ’23, another insider, MINICUCCI BENITO, who serves as the CEO AND PRESIDENT of the company, sold 5,000 shares for $48.73 each. As a result, the insider received 243,659 and left with 114,506 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, ALK now has a Market Capitalization of 5542377472 and an Enterprise Value of 7085376000. As of this moment, Alaska’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.53, and their Forward P/E ratio for the next fiscal year is 7.00. 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 0.53 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 0.677 whereas that against EBITDA is 5.677.
Stock Price History:
The Beta on a monthly basis for ALK is 1.61, which has changed by 0.016601324 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, ALK has reached a high of $57.18, while it has fallen to a 52-week low of $30.75. The 50-Day Moving Average of the stock is 9.38%, while the 200-Day Moving Average is calculated to be 12.19%.
Shares Statistics:
Over the past 3-months, ALK traded about 2.30M shares per day on average, while over the past 10 days, ALK traded about 2836950 shares per day. A total of 126.09M shares are outstanding, with a floating share count of 125.29M. Insiders hold about 0.40% of the company’s shares, while institutions hold 82.00% stake in the company. Shares short for ALK as of 1713139200 were 6249849 with a Short Ratio of 2.72, compared to 1710460800 on 4574889. Therefore, it implies a Short% of Shares Outstanding of 6249849 and a Short% of Float of 6.64.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.95. The current Payout Ratio is 0.00% for ALK, which recently paid a dividend on 2020-02-14 with an ex-dividend date of 1581638400. Stock splits for the company last occurred on 2014-07-10 when the company split stock in a 2:1 ratio.
Earnings Estimates
The current assessment of Alaska Air Group Inc. (ALK) involves the perspectives of 10.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $2.32 for the current quarter, with a high estimate of $2.66 and a low estimate of $2.1, while EPS last year was $3. The consensus estimate for the next quarter is $2.24, with high estimates of $2.58 and low estimates of $1.85.
Analysts are recommending an EPS of between $5.38 and $4.1 for the fiscal current year, implying an average EPS of $4.64. EPS for the following year is $6.29, with 10.0 analysts recommending between $7.34 and $5.45.
Revenue Estimates
9 analysts predict $2.96B in revenue for the current quarter. It ranges from a high estimate of $3.02B to a low estimate of $2.86B. As of the current estimate, Alaska Air Group Inc.’s year-ago sales were $2.84BFor the next quarter, 9 analysts are estimating revenue of $3B. There is a high estimate of $3.09B for the next quarter, whereas the lowest estimate is $2.9B.
A total of 10 analysts have provided revenue estimates for ALK’s current fiscal year. The highest revenue estimate was $11.04B, while the lowest revenue estimate was $10.73B, resulting in an average revenue estimate of $10.91B. In the same quarter a year ago, actual revenue was $10.17BBased on 10 analysts’ estimates, the company’s revenue will be $11.61B in the next fiscal year. The high estimate is $11.85B and the low estimate is $11.28B.
