In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Alaska Air Group Inc. (NYSE: ALK) closed at $44.44 up 4.03% from its previous closing price of $42.72. In other words, the price has increased by $4.03 from its previous closing price. On the day, 5.58 million shares were traded. ALK stock price reached its highest trading level at $45.76 during the session, while it also had its lowest trading level at $43.24.
Ratios:
For a deeper understanding of Alaska Air Group Inc.’s stock, let’s take a closer look at its various 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 05, 2024, Reiterated its Buy rating but revised its target price to $49 from $41 previously.
On February 20, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $44 to $51.
TD Cowen reiterated its Outperform rating for the stock on January 26, 2024, while the target price for the stock was revised from $45 to $40.
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 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 5586374656 and an Enterprise Value of 7405811200. As of this moment, Alaska’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.71, and their Forward P/E ratio for the next fiscal year is 7.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.77. 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 1.40. Its current Enterprise Value per Revenue stands at 0.71 whereas that against EBITDA is 5.836.
Stock Price History:
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 13.42%, while the 200-Day Moving Average is calculated to be 12.10%.
Shares Statistics:
For the past three months, ALK has traded an average of 2.29M shares per day and 2663420 over the past ten days. A total of 126.09M shares are outstanding, with a floating share count of 125.28M. Insiders hold about 0.41% of the company’s shares, while institutions hold 82.37% stake in the company. Shares short for ALK as of 1711584000 were 6019385 with a Short Ratio of 2.63, compared to 1709164800 on 3292095. Therefore, it implies a Short% of Shares Outstanding of 6019385 and a Short% of Float of 6.39.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.95.
Earnings Estimates
As of right now, Albemarle Corporation analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $44.44, with high estimates of $747.30 and low estimates of $6.89.
Analysts are recommending an EPS of between $Financial Services and $Healthcare for the fiscal current year, implying an average EPS of $Industrials.
