A share price of Alaska Air Group Inc. [ALK] is currently trading at $39.87, up 0.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALK shares have gain 5.42% over the last week, with a monthly amount glided 5.73%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, Alaska Airlines deepens commitment to Bay Area with new nonstop service between Santa Rosa/Sonoma County and Las Vegas. In a post published today on Yahoo Finance, As the largest carrier at Sonoma County Airport since 2007, we’re now offering service to seven nonstop destinations.
From an analyst’s perspective:
Alaska Air Group Inc. [NYSE: ALK] stock has seen the most recent analyst activity on February 20, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $51 from $44. Previously, TD Cowen reaffirmed its Outperform rating on January 26, 2024, and dropped its price target to $40. On January 10, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $40 on the stock. Melius downgraded its rating to a Hold. Raymond James downgraded its rating to a Mkt Perform. Deutsche Bank downgraded its rating to Hold for this stock on December 04, 2023, and downed its price target to $44. In a note dated April 03, 2023, Raymond James upgraded an Strong Buy rating on this stock and boosted its target price from $60 to $68.
Alaska Air Group Inc. experienced fluctuations in its stock price throughout the past year between $30.75 and $57.18. Currently, Wall Street analysts expect the stock to reach $74.36 within the next 12 months. Alaska Air Group Inc. [NYSE: ALK] shares were valued at $39.87 at the most recent close of the market. An investor can expect a potential return of 86.51% based on the average ALK price forecast.
Analyzing the ALK fundamentals
Trailing Twelve Months sales for Alaska Air Group Inc. [NYSE:ALK] were 10.43B which represents 2.99% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
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 39.56 points at the first support level, and at 39.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.31, and for the 2nd resistance point, it is at 40.75.
Alaska Air Group Inc. [ALK] reported earnings per share of $0.3 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0.12 and a surprise factor of 66.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.83 per share as compared to estimates of $1.86 per share, a difference of $-0.03 representing a surprise of -1.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alaska Air Group Inc. [NYSE:ALK] is 0.61. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 22.05.
Transactions by insiders
Recent insider trading involved HARRISON ANDREW R, EVP AND CCO, that happened on Feb 28 ’24 when 6500.0 shares were sold. CEO AND PRESIDENT, MINICUCCI BENITO completed a deal on Dec 07 ’23 to buy 56.0 shares. Meanwhile, CEO AND PRESIDENT MINICUCCI BENITO sold 5000.0 shares on Jun 08 ’23.
