Alaska Air Group Inc. [ALK] Revenue clocked in at $6.67 billion, down -41.92% YTD: What’s Next?

Alaska Air Group Inc. [NYSE: ALK] jumped around 1.32 points on Friday, while shares priced at $39.35 at the close of the session, up 3.47%. The company report on October 16, 2020 that Horizon Air names aviator with 30+ years experience as new VP of Flight Operations.

Horizon Air’s board of directors has elected Captain Carlos Zendejas to be the company’s new vice president of flight operations. Zendejas will oversee Horizon’s 700 pilots and its flight operations support team.

A seasoned aviation leader, Zendejas has been flying for more than 30 years, which includes 22 years at the U.S. Air Force, where he served in active duty as a pilot and instructor. He joined Alaska Airlines in 2002 as a pilot, while serving simultaneously in the U.S. Air Force Reserves for 11 years before his retirement from the military.

Alaska Air Group Inc. stock is now -41.92% down from its year-to-date (YTD) trading value. ALK Stock saw the intraday high of $39.75 and lowest of $38.06 per share. The company’s 52-week high price is 72.22, which means current price is +96.55% above from all time high which was touched on 01/02/20.

Compared to the average trading volume of 2.32M shares, ALK reached a trading volume of 2430109 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Alaska Air Group Inc. [ALK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALK shares is $49.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALK stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Susquehanna have made an estimate for Alaska Air Group Inc. shares, keeping their opinion on the stock as Positive, with their previous recommendation back on October 13, 2020. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on September 15, 2020, representing the official price target for Alaska Air Group Inc. stock.

The Average True Range (ATR) for Alaska Air Group Inc. is set at 1.56, with the Price to Sales ratio for ALK stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 23.46. Price to Free Cash Flow for ALK in the course of the last twelve months was 6.26 with Quick ratio for the last quarter at 0.80.

How has ALK stock performed recently?

Alaska Air Group Inc. [ALK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.71. With this latest performance, ALK shares dropped by -6.64% in over the last four-week period, additionally plugging by 34.62% over the last 6 months – not to mention a drop of -41.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALK stock in for the last two-week period is set at 56.92, with the RSI for the last a single of trading hit 59.72, and the three-weeks RSI is set at 53.87 for Alaska Air Group Inc. [ALK]. The present Moving Average for the last 50 days of trading for this stock 38.46, while it was recorded at 38.47 for the last single week of trading, and 41.03 for the last 200 days.

Alaska Air Group Inc. [ALK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Alaska Air Group Inc. [ALK] shares currently have an operating margin of +12.75 and a Gross Margin at +22.69. Alaska Air Group Inc.’s Net Margin is presently recorded at +8.76.

Return on Total Capital for ALK is now 16.73, given the latest momentum, and Return on Invested Capital for the company is 12.40. Return on Equity for this stock inclined to 19.03, with Return on Assets sitting at 6.03. When it comes to the capital structure of this company, Alaska Air Group Inc. [ALK] has a Total Debt to Total Equity ratio set at 74.05. Additionally, ALK Total Debt to Total Capital is recorded at 42.54, with Total Debt to Total Assets ending up at 22.91. Long-Term Debt to Equity for the company is recorded at 62.41, with the Long-Term Debt to Total Capital now at 35.86.

Reflecting on the efficiency of the workforce at the company, Alaska Air Group Inc. [ALK] managed to generate an average of $31,864 per employee. Receivables Turnover for the company is 25.49 with a Total Asset Turnover recorded at a value of 0.69.Alaska Air Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Earnings analysis for Alaska Air Group Inc. [ALK]

With the latest financial reports released by the company, Alaska Air Group Inc. posted 2.63/share EPS, while the average EPS was predicted by analysts to be reported at 2.52/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alaska Air Group Inc. go to -14.81%.

Insider trade positions for Alaska Air Group Inc. [ALK]

There are presently around $3,571 million, or 75.50% of ALK stock, in the hands of institutional investors. The top three institutional holders of ALK stocks are: VANGUARD GROUP INC with ownership of 13,045,741, which is approximately -10.108% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 7,341,821 shares of the stock with an approximate value of $288.9 million in ALK stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $271.48 million in ALK stock with ownership of nearly -25.715% of the company’s market capitalization.

Positions in Alaska Air Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 223 institutional holders increased their position in Alaska Air Group Inc. [NYSE:ALK] by around 11,783,889 shares. Additionally, 254 investors decreased positions by around 20,016,334 shares, while 48 investors held positions by with 58,953,346 shares. The mentioned changes placed institutional holdings at 90,753,569 shares, according to the latest SEC report filing. ALK stock had 92 new institutional investments in for a total of 3,413,664 shares, while 96 institutional investors sold positions of 5,177,006 shares during the same period.

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