At the time of writing, Alaska Air Group Inc. [ALK] stock is trading at $40.50, up 5.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALK shares have gain 8.32% over the last week, with a monthly amount drifted -1.24%, and not 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 May 17, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $55 for it. Previously, TD Cowen reaffirmed its Buy rating on April 19, 2024, and elevated its price target to $58. On April 05, 2024, TD Cowen reiterated its Buy rating and revised its price target to $49 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $51 on February 20, 2024. TD Cowen reiterated its recommendation of a Outperform and reduced its price target to $40 on January 26, 2024. Susquehanna downgraded its rating to Neutral for this stock on January 10, 2024, and upped its price target to $40. In a note dated January 08, 2024, Melius downgraded an Hold rating on this stock.
For the past year, the stock price of Alaska Air Group Inc. fluctuated between $30.75 and $54.66. 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 $40.50 at the most recent close of the market. An investor can expect a potential return of 81.9% based on the average ALK price forecast.
Analyzing the ALK fundamentals
According to Alaska Air Group Inc. [NYSE:ALK], the company’s sales were 10.46B for trailing twelve months, which represents an 1.64% jump. 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 0.02, Equity is 0.06 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
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 39.12 points at the first support level, and at 37.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.26, and for the 2nd resistance point, it is at 42.03.
Ratios To Look Out For
It is important to note that Alaska Air Group Inc. [NYSE:ALK] has a current ratio of 0.65. On the other hand, the Quick Ratio is 0.63, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 21.61.
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.
