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The closing price of Alaska Air Group Inc. (NYSE: ALK) was $38.45 for the day, up 0.10% from the previous closing price of $38.41. In other words, the price has increased by $0.10 from its previous closing price. On the day, 2.18 million shares were traded. ALK stock price reached its highest trading level at $38.85 during the session, while it also had its lowest trading level at $38.05.
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.
On April 19, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $49 to $58.
TD Cowen reiterated its Buy rating for the stock on April 05, 2024, while the target price for the stock was revised from $41 to $49.
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.
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 4878997504 and an Enterprise Value of 6416915456. As of this moment, Alaska’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.52, and their Forward P/E ratio for the next fiscal year is 6.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 0.613 whereas that against EBITDA is 5.121.
Stock Price History:
The Beta on a monthly basis for ALK is 1.60, which has changed by -0.28098089 over the last 52 weeks, in comparison to a change of 0.23279357 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 -7.28%, while the 200-Day Moving Average is calculated to be -0.08%.
Shares Statistics:
ALK traded an average of 1.86M shares per day over the past three months and 2078680 shares per day over the past ten days. A total of 126.89M shares are outstanding, with a floating share count of 126.35M. Insiders hold about 0.43% of the company’s shares, while institutions hold 83.45% stake in the company. Shares short for ALK as of 1719532800 were 8578802 with a Short Ratio of 4.60, compared to 1717113600 on 5822019. Therefore, it implies a Short% of Shares Outstanding of 8578802 and a Short% of Float of 9.0.
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.
