Alaska Air Group Inc. [NYSE: ALK] traded at a low on Thursday, posting a -6.94 loss after which it closed the day’ session at $37.25.
The results of the trading session contributed to over 5554545 shares changing hands. Over the past one week, the price volatility of Alaska Air Group Inc. stands at 3.68% while the volatility over the past one month is 2.90%.
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The market cap for ALK stock reached $4.73 billion, with 126.89 million shares outstanding and 126.35 million shares in the current float. Compared to the average trading volume of 1.84M shares, ALK reached a trading volume of 5554545 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 $54.09 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 1.64. 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.
Wolfe Research have made an estimate for Alaska Air Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 17, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $49 to $58. The new note on the price target was released on April 19, 2024, representing the official price target for Alaska Air Group Inc. stock. Previously, the target price had yet another raise from $41 to $49, while TD Cowen kept a Buy rating on ALK stock. On February 20, 2024, analysts increased their price target for ALK shares from 44 to 51.
The Average True Range (ATR) for Alaska Air Group Inc. is set at 1.32, with the Price to Sales ratio for ALK stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 19.77.
How has ALK stock performed recently?
Alaska Air Group Inc. [ALK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.74. With this latest performance, ALK shares dropped by -9.48% in over the last four-week period, additionally plugging by 10.83% over the last 6 months – not to mention a drop of -30.27% 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 37.75, with the RSI for the last a single of trading hit 36.46, and the three-weeks RSI is set at 39.17 for Alaska Air Group Inc. [ALK]. The present Moving Average for the last 50 days of trading for this stock 41.16, while it was recorded at 38.93 for the last single week of trading, and 38.52 for the last 200 days.
Alaska Air Group Inc. [ALK]: Deeper insight into the fundamentals
Alaska Air Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.66 and a Current Ratio set at 0.68.
Earnings analysis for Alaska Air Group Inc. [ALK]
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 15.93%.
Insider trade positions for Alaska Air Group Inc. [ALK]
The top three institutional holders of ALK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ALK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ALK stock with ownership which is approximately 5.1238%.
