Allegiant Travel [ALGT] stock is trading at $75.21, down -1.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALGT shares have gain 4.45% over the last week, with a monthly amount glided 1.75%, and seem to be holding up well over a long-time horizon.
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On 22, March 2024, ALLEGIANT ANNOUNCES TENTATIVE AGREEMENT FOR FLIGHT ATTENDANTS WITH THE TRANSPORT WORKERS UNION OF AMERICA, AFL-CIO. In a post published today on Yahoo Finance, Allegiant (NASDAQ: ALGT) and The Transport Workers Union of America, AFL-CIO Local 577 announce they have reached a tentative agreement on all remaining open issues for the successor to the parties’ first collective bargaining agreement.
From an analyst’s perspective:
Allegiant Travel [NASDAQ: ALGT] stock has seen the most recent analyst activity on February 06, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $85 from $82. Previously, Deutsche Bank upgraded its rating to Buy on June 15, 2023, and elevated its price target to $145. On March 10, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $105 on the stock. Susquehanna downgraded its rating to a Neutral but stick to its price target of $90 on January 11, 2023. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $75 on December 20, 2022. In a note dated December 15, 2022, Cowen downgraded an Market Perform rating on this stock but restated the target price of $80.
Allegiant Travel [ALGT] stock has fluctuated between $54.87 and $130.93 over the past year. Currently, Wall Street analysts expect the stock to reach $140.4 within the next 12 months. Allegiant Travel [NASDAQ: ALGT] shares were valued at $75.21 at the most recent close of the market. An investor can expect a potential return of 86.68% based on the average ALGT price forecast.
Analyzing the ALGT fundamentals
Allegiant Travel [NASDAQ:ALGT] reported sales of 2.51B for the trailing twelve months, which represents a drop of -0.09%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.12 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.39.
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 74.42 points at the first support level, and at 73.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.57, and for the 2nd resistance point, it is at 77.94.
Allegiant Travel [ALGT] reported earnings per share of $0.11 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 -$0.21/share, meaning a difference of $0.32 and a surprise factor of 152.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.08 per share, a difference of $0.01 representing a surprise of 12.50%.
Ratios To Look Out For
For context, Allegiant Travel’s Current Ratio is 0.83. Also, the Quick Ratio is 0.80, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 11.91.
Transactions by insiders
Recent insider trading involved ELLMER GARY, Director, that happened on Feb 12 ’24 when 2000.0 shares were sold. EVP and CMO, DeAngelo Scott Wayne completed a deal on Nov 07 ’23 to sell 3680.0 shares. Meanwhile, COO Wilper Keny Frank sold 1270.0 shares on Oct 25 ’23.
