Alaska Air Group Inc. [NYSE: ALK] surged by $0.01 during the normal trading session on while it closed the day at $34.97.
Alaska Air Group Inc. stock has also loss -1.47% of its value over the past 7 days. However, ALK stock has declined by -20.32% in the 3 months of the year. Over the past six months meanwhile, it has lost -10.15% and lost -10.49% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for ALK stock reached $4.41 billion, with 126.09 million shares outstanding and 125.58 million shares in the current float. Compared to the average trading volume of 1.98M shares, ALK reached a trading volume of 3924680 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $51.73 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.
TD Cowen have made an estimate for Alaska Air Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 24, 2024. The new note on the price target was released on May 17, 2024, representing the official price target for Alaska Air Group Inc. stock. Previously, the target price had yet another raise from $49 to $58, while TD Cowen kept a Buy rating on ALK stock. On April 05, 2024, analysts increased their price target for ALK shares from 41 to 49.
The Average True Range (ATR) for Alaska Air Group Inc. is set at 1.07, with the Price to Sales ratio for ALK stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 19.89.
ALK stock trade performance evaluation
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 -1.47. With this latest performance, ALK shares dropped by -9.71% in over the last four-week period, additionally sinking by -10.15% over the last 6 months – not to mention a drop of -18.24% 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 42.09, with the RSI for the last a single of trading hit 44.02, and the three-weeks RSI is set at 41.58 for Alaska Air Group Inc. [ALK]. The present Moving Average for the last 50 days of trading for this stock 38.16, while it was recorded at 34.96 for the last single week of trading, and 38.83 for the last 200 days.
Alaska Air Group Inc. [ALK]: An insightful look at the core 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 per share (EPS) analysis for Alaska Air Group Inc. [ALK] stock
With the latest financial reports released by the company, Alaska Air Group Inc. posted 1.83/share EPS, while the average EPS was predicted by analysts to be reported at 1.86/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. 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 13.22%.
Alaska Air Group Inc. [ALK]: Institutional Ownership
There are presently around $90.70%, or 91.12%% of ALK stock, in the hands of institutional investors. The top three institutional holders of ALK stocks are: BLACKROCK INC. with ownership of 16.78 million shares, which is approximately 13.322%. VANGUARD GROUP INC, holding 13.84 million shares of the stock with an approximate value of $$594.89 million in ALK stocks shares; and VANGUARD GROUP INC, currently with $$264.25 million in ALK stock with ownership which is approximately 4.8795%.
