Allegiant Travel [ALGT] stock is trading at $56.07, up 2.13%. 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 ALGT shares have gain 16.64% over the last week, with a monthly amount glided 13.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Allegiant Travel [NASDAQ: ALGT] stock has seen the most recent analyst activity on July 17, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $39 from $60. Previously, Deutsche Bank downgraded its rating to Hold on July 08, 2024, and dropped its price target to $53. On May 15, 2024, TD Cowen reiterated its Hold rating and revised its price target to $60 on the stock. TD Cowen reiterated its Market Perform rating and increased its price target to $85 on February 06, 2024. Deutsche Bank upgraded its rating to a Buy and raised its price target to $145 on June 15, 2023. Barclays downgraded its rating to Equal Weight for this stock on March 10, 2023, and upped its price target to $105. In a note dated January 11, 2023, Susquehanna downgraded an Neutral rating on this stock but restated the target price of $90.
Allegiant Travel [ALGT] stock has fluctuated between $43.91 and $128.27 over the past year. Currently, Wall Street analysts expect the stock to reach $105.71 within the next 12 months. Allegiant Travel [NASDAQ: ALGT] shares were valued at $56.07 at the most recent close of the market. An investor can expect a potential return of 88.53% based on the average ALGT price forecast.
Analyzing the ALGT fundamentals
Allegiant Travel [NASDAQ:ALGT] reported sales of 2.52B for the trailing twelve months, which represents a growth of 1.03%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.06%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.72.
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 54.14 points at the first support level, and at 52.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.27, and for the 2nd resistance point, it is at 60.48.
Ratios To Look Out For
For context, Allegiant Travel’s Current Ratio is 0.76. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 0.78 and price to earnings (TTM) ratio is 17.77.
Transactions by insiders
Recent insider trading involved WILSON ROBERT PAUL III, EVP and CIO, that happened on Jun 04 ’24 when 750.0 shares were sold. COO, Wilper Keny Frank completed a deal on May 30 ’24 to sell 1000.0 shares. Meanwhile, COO Wilper Keny Frank sold 875.0 shares on May 15 ’24.
