Alaska Air Group Inc [NYSE: ALK] surged by $7.13 during the normal trading session on while it closed the day at $61.29.
Alaska Air Group Inc stock has also gained 16.63% of its value over the past 7 days. However, ALK stock has inclined by 55.20% in the 3 months of the year. Over the past six months meanwhile, it has gained 52.31% and gained 56.87% year-on date.
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The market cap for ALK stock reached $7.78 billion, with 126.94 million shares outstanding and 126.39 million shares in the current float. Compared to the average trading volume of 2.30M shares, ALK reached a trading volume of 7208040 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 $64.43 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 1.41. 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 December 04, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on November 26, 2024, representing the official price target for Alaska Air Group Inc stock. Previously, the target price had yet another raise to $70, while Goldman analysts kept a Buy rating on ALK stock.
The Average True Range (ATR) for Alaska Air Group Inc is set at 2.07, with the Price to Sales ratio for ALK stock in the period of the last 12 months amounting to 0.72. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 19.95.
ALK stock trade performance evaluation
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 16.63. With this latest performance, ALK shares gained by 20.18% in over the last four-week period, additionally plugging by 52.31% over the last 6 months – not to mention a rise of 72.11% 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 77.35, with the RSI for the last a single of trading hit 80.40, and the three-weeks RSI is set at 75.18 for Alaska Air Group Inc [ALK]. The present Moving Average for the last 50 days of trading for this stock 49.14, while it was recorded at 56.02 for the last single week of trading, and 42.22 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 0.57 and a Current Ratio set at 0.60.
Earnings per share (EPS) analysis for Alaska Air Group Inc [ALK] stock
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 14.84%.
Alaska Air Group Inc [ALK]: Institutional Ownership
There are presently around $88.29%, or 88.70%% 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%.
