Could this be the case of a blown-up long-term opportunity? Allegiant Travel Company (ALGT)

At the time of writing, Allegiant Travel Company [ALGT] stock is trading at $102.25, up 21.16%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALGT shares have gain 21.35% over the last week, with a monthly amount glided 47.93%, and seem to be holding up well over a long-time horizon.

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On 1, February 2023, ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2022 FINANCIAL RESULTS. In a post published today on Yahoo Finance, Fourth quarter 2022 GAAP diluted earnings per share of $2.87.

From an analyst’s perspective:

Allegiant Travel Company [NASDAQ: ALGT] stock has seen the most recent analyst activity on January 11, 2023, when Susquehanna downgraded its rating to a Neutral but kept the price target unchanged to $90 for it. Previously, Deutsche Bank downgraded its rating to Hold on December 20, 2022, and dropped its price target to $75. Cowen downgraded its rating to a Market Perform but stick to its price target of $80 on December 15, 2022. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $115 on December 05, 2022. Raymond James upgraded its rating to Outperform for this stock on September 08, 2022, but kept the price target unchanged to $150. In a note dated August 12, 2022, Wolfe Research downgraded an Peer Perform rating on this stock.

For the past year, the stock price of Allegiant Travel Company fluctuated between $62.94 and $186.86. Currently, Wall Street analysts expect the stock to reach $95.82 within the next 12 months. Allegiant Travel Company [NASDAQ: ALGT] shares were valued at $102.25 at the most recent close of the market. An investor can expect a potential drop of -6.29% based on the average ALGT price forecast.

Analyzing the ALGT fundamentals

According to Allegiant Travel Company [NASDAQ:ALGT], the company’s sales were 560.33 billion in the recent quarter, which represents an 21.90% jump. Gross Margin for this corporation currently stands at +8.64% with Operating Margin at +4.39%, Pretax Margin comes in at +11.51%, and Net Margin reading is +8.76%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 96.32 points at the first support level, and at 90.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.83, and for the 2nd resistance point, it is at 109.41.

Allegiant Travel Company [ALGT] reported earnings per share of $0.62 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.92/share, meaning a difference of -$0.3 and a surprise factor of -32.60%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.12 per share as compared to estimates of -$0.07 per share, a difference of -$0.05 representing a surprise of -71.40%.

Ratios To Look Out For

It is important to note that Allegiant Travel Company [NASDAQ:ALGT] has a current ratio of 1.30. In addition, the Quick Ratio stands at 1.98. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 2.77.

Transactions by insiders

In the past 3 months, 0 insiders have purchased 0 shares, and 1 have sold 1,250 shares. Recent insider trading involved DeAngelo Scott Wayne, EVP and CMO, that happened on Jan 03 when 1250.0 shares were sold. EVP and CMO, DeAngelo Scott Wayne completed a deal on Oct 03 to sell 1250.0 shares. Meanwhile, EVP and CIO WILSON ROBERT PAUL III sold 446.0 shares on Sep 07.