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.
In the latest session, Allegiant Travel (NASDAQ: ALGT) closed at $53.89 down -4.21% from its previous closing price of $56.26. In other words, the price has decreased by -$4.21 from its previous closing price. On the day, 0.83 million shares were traded. ALGT stock price reached its highest trading level at $56.455 during the session, while it also had its lowest trading level at $51.13.
Ratios:
For a deeper understanding of Allegiant Travel’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.83. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.43.
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 February 06, 2024, Reiterated its Market Perform rating but revised its target price to $85 from $82 previously.
On June 15, 2023, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $110 to $145.
Barclays Downgraded its Overweight to Equal Weight on March 10, 2023, whereas the target price for the stock was revised from $96 to $105.
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 12 ’24 when ELLMER GARY sold 2,000 shares for $79.10 per share. The transaction valued at 158,200 led to the insider holds 8,490 shares of the business.
DeAngelo Scott Wayne sold 3,680 shares of ALGT for $224,738 on Nov 07 ’23. The EVP and CMO now owns 93,872 shares after completing the transaction at $61.07 per share. On Oct 25 ’23, another insider, Wilper Keny Frank, who serves as the COO of the company, sold 1,270 shares for $71.10 each. As a result, the insider received 90,297 and left with 12,059 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 982538624 and an Enterprise Value of 2542880768. As of this moment, Allegiant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.53, and their Forward P/E ratio for the next fiscal year is 6.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 1.013 whereas that against EBITDA is 6.267.
Stock Price History:
Over the past 52 weeks, ALGT has reached a high of $130.93, while it has fallen to a 52-week low of $52.38. The 50-Day Moving Average of the stock is -18.78%, while the 200-Day Moving Average is calculated to be -30.91%.
Shares Statistics:
For the past three months, ALGT has traded an average of 277.03K shares per day and 382930 over the past ten days. A total of 18.27M shares are outstanding, with a floating share count of 15.09M. Insiders hold about 17.25% of the company’s shares, while institutions hold 84.36% stake in the company. Shares short for ALGT as of 1713139200 were 810785 with a Short Ratio of 2.93, compared to 1710460800 on 765473. Therefore, it implies a Short% of Shares Outstanding of 810785 and a Short% of Float of 6.52.
Dividends & Splits
According to the company, the forward annual dividend rate for ALGT is 1.80, from 1.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.021329543The stock’s 5-year Average Dividend Yield is 1.79.
