A share price of Alaska Air Group Inc. [ALK] is currently trading at $45.01, up 1.28%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALK shares have gain 8.98% over the last week, with a monthly amount glided 16.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alaska Air Group Inc. [NYSE: ALK] stock has seen the most recent analyst activity on April 19, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $58 from $49. Previously, TD Cowen reaffirmed its Buy rating on April 05, 2024, and elevated its price target to $49. On February 20, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $51 on the stock. TD Cowen reiterated its Outperform rating and decreased its price target to $40 on January 26, 2024. Susquehanna downgraded its rating to a Neutral and raised its price target to $40 on January 10, 2024. Melius downgraded its rating to Hold for this stock on January 08, 2024. In a note dated December 04, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
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 $73.67 within the next 12 months. Alaska Air Group Inc. [NYSE: ALK] shares were valued at $45.01 at the most recent close of the market. An investor can expect a potential return of 63.67% based on the average ALK price forecast.
Analyzing the ALK fundamentals
Trailing Twelve Months sales for Alaska Air Group Inc. [NYSE:ALK] were 10.46B which represents 1.64% growth. Gross Profit Margin for this corporation currently stands at 0.19% 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 0.02, 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 of0.68.
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 44.52 points at the first support level, and at 44.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.63, and for the 2nd resistance point, it is at 46.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alaska Air Group Inc. [NYSE:ALK] is 0.65. Further, the Quick Ratio stands at 0.63, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.54, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 24.02.
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.
