Market Momentum Report: American Airlines Group Inc (AAL)’s Negative Close at 9.74

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The price of American Airlines Group Inc (NASDAQ: AAL) closed at $9.74 in the last session, down -0.71% from day before closing price of $9.81. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 29.51 million shares were traded. AAL stock price reached its highest trading level at $9.97 during the session, while it also had its lowest trading level at $9.7.

Ratios:

We take a closer look at AAL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.60.

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 the company, Bernstein on July 22, 2024, Downgraded its rating to Mkt Perform and sets its target price to $12 from $18 previously.

On July 17, 2024, TD Cowen Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $16 to $10.

TD Cowen reiterated its Buy rating for the stock on May 29, 2024, while the target price for the stock was revised from $18 to $16.

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 Dec 14 ’23 when Raja Vasu sold 7,545 shares for $14.30 per share. The transaction valued at 107,894 led to the insider holds 321,608 shares of the business.

Raja Vasu sold 5,121 shares of AAL for $62,937 on Nov 21 ’23. The EVP Chief Commercial Officer now owns 334,049 shares after completing the transaction at $12.29 per share. On Nov 20 ’23, another insider, Raja Vasu, who serves as the EVP Chief Commercial Officer of the company, sold 5,298 shares for $12.23 each. As a result, the insider received 64,795 and left with 339,170 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, AAL now has a Market Capitalization of 6396296704 and an Enterprise Value of 36856295424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12. Its current Enterprise Value per Revenue stands at 0.69 whereas that against EBITDA is 7.157.

Stock Price History:

Over the past 52 weeks, AAL has reached a high of $16.15, while it has fallen to a 52-week low of $9.07. The 50-Day Moving Average of the stock is -9.76%, while the 200-Day Moving Average is calculated to be -25.43%.

Shares Statistics:

According to the various share statistics, AAL traded on average about 36.41M shares per day over the past 3-months and 34464810 shares per day over the past 10 days. A total of 654.27M shares are outstanding, with a floating share count of 647.33M. Insiders hold about 1.43% of the company’s shares, while institutions hold 61.65% stake in the company. Shares short for AAL as of 1722384000 were 83171696 with a Short Ratio of 2.28, compared to 1719532800 on 87237350. Therefore, it implies a Short% of Shares Outstanding of 83171696 and a Short% of Float of 14.38.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 1.27.

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