Alaska Air Group Inc. [ALK] stock prices are down -0.26% to $34.59 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALK shares have gain 5.07% over the last week, with a monthly amount drifted -9.95%, 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 July 24, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $51 from $58. Previously, Wolfe Research upgraded its rating to Outperform on May 17, 2024, and kept the price target unchanged to $55. On April 19, 2024, TD Cowen reiterated its Buy rating and revised its price target to $58 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $49 on April 05, 2024. Deutsche Bank upgraded its rating to a Buy and raised its price target to $51 on February 20, 2024. TD Cowen reiterated a Outperform rating for this stock on January 26, 2024, and downed its price target to $40. In a note dated January 10, 2024, Susquehanna downgraded an Neutral rating on this stock and boosted its target price from $39 to $40.
The stock price of Alaska Air Group Inc. [ALK] has been fluctuating between $30.75 and $47.06 over the past year. 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 $34.59 at the most recent close of the market. An investor can expect a potential return of 112.98% based on the average ALK price forecast.
Analyzing the ALK fundamentals
The Alaska Air Group Inc. [NYSE:ALK] reported sales of 10.52B for trailing twelve months, representing a surge of 2.08%. Gross Profit Margin for this corporation currently stands at 0.18% 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 0.05 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 0.67.
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 34.39 points at the first support level, and at 34.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.89, and for the 2nd resistance point, it is at 35.18.
Ratios To Look Out For
It’s worth pointing out that Alaska Air Group Inc. [NYSE:ALK]’s Current Ratio is 0.68. Also, the Quick Ratio is 0.66, while the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 20.03.
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.
