Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The closing price of Alaska Air Group Inc. (NYSE: ALK) was $44.23 for the day, down -1.89% from the previous closing price of $45.08. In other words, the price has decreased by -$1.89 from its previous closing price. On the day, 1.96 million shares were traded. ALK stock price reached its highest trading level at $45.02 during the session, while it also had its lowest trading level at $43.915.
Ratios:
Our analysis of ALK’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 5559976448 and an Enterprise Value of 7102974976. As of this moment, Alaska’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.60, and their Forward P/E ratio for the next fiscal year is 7.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. 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 0.679 whereas that against EBITDA is 5.691.
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 10.91%, while the 200-Day Moving Average is calculated to be 12.05%.
Shares Statistics:
ALK traded an average of 2.35M shares per day over the past three months and 2749360 shares per day over the past ten days. 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 82.28% stake in the company. Shares short for ALK as of 1711584000 were 6019385 with a Short Ratio of 2.56, 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
The company has 12.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.3 for the current quarter, with a high estimate of $2.66 and a low estimate of $1.96, while EPS last year was $3. The consensus estimate for the next quarter is $2.23, 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 $4.61. EPS for the following year is $6.28, with 12.0 analysts recommending between $7.34 and $5.45.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. 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, 10 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 11 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 $10.9B. In the same quarter a year ago, actual revenue was $10.17BBased on 11 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.
