Alaska Air Group Inc [NYSE: ALK] traded at a high on Thursday, posting a 1.35 gain after which it closed the day’ session at $47.91.
The results of the trading session contributed to over 4061250 shares changing hands. Over the past one week, the price volatility of Alaska Air Group Inc stands at 2.74% while the volatility over the past one month is 2.71%.
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The market cap for ALK stock reached $6.04 billion, with 126.09 million shares outstanding and 125.62 million shares in the current float. Compared to the average trading volume of 2.39M shares, ALK reached a trading volume of 4061250 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 $54.67 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 1.47. 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.
Melius have made an estimate for Alaska Air Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 28, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on October 21, 2024, representing the official price target for Alaska Air Group Inc stock. Previously, the target price had yet another drop from $58 to $51, while TD Cowen kept a Buy rating on ALK stock.
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 0.57. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 19.89.
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 5.04. With this latest performance, ALK shares gained by 8.47% in over the last four-week period, additionally plugging by 12.20% over the last 6 months – not to mention a rise of 51.47% 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 72.04, with the RSI for the last a single of trading hit 75.44, and the three-weeks RSI is set at 69.34 for Alaska Air Group Inc [ALK]. The present Moving Average for the last 50 days of trading for this stock 41.89, while it was recorded at 46.95 for the last single week of trading, and 40.08 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]
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 15.41%.
Insider trade positions for Alaska Air Group Inc [ALK]
There are presently around $90.69%, or 91.11%% of ALK stock, in the hands of institutional investors. The top three institutional holders of ALK stocks are: BLACKROCK INC. with ownership of 16.24 million shares, which is approximately 12.8889%. VANGUARD GROUP INC, holding 13.69 million shares of the stock with an approximate value of $$553.25 million in ALK stocks shares; and VANGUARD GROUP INC, currently with $$262.79 million in ALK stock with ownership which is approximately 5.1636%.
