A share price of Alaska Air Group Inc. [ALK] is currently trading at $45.61, down -0.48%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALK shares have lost -0.09% over the last week, with a monthly amount glided 7.44%, 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 October 21, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $55. Previously, TD Cowen reaffirmed its Buy rating on July 24, 2024, and dropped its price target to $51. On May 17, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $55 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $58 on April 19, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $49 on April 05, 2024. Deutsche Bank upgraded its rating to Buy for this stock on February 20, 2024, and upped its price target to $51. In a note dated January 26, 2024, TD Cowen reiterated an Outperform rating on this stock and revised its target price from $45 to $40.
Alaska Air Group Inc. experienced fluctuations in its stock price throughout the past year between $30.75 and $46.87. Currently, Wall Street analysts expect the stock to reach $71.69 within the next 12 months. Alaska Air Group Inc. [NYSE: ALK] shares were valued at $45.61 at the most recent close of the market. An investor can expect a potential return of 57.18% based on the average ALK price forecast.
Analyzing the ALK fundamentals
Trailing Twelve Months sales for Alaska Air Group Inc. [NYSE:ALK] were 10.52B which represents 2.08% growth. 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 45.01 points at the first support level, and at 44.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.42, and for the 2nd resistance point, it is at 47.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alaska Air Group Inc. [NYSE:ALK] is 0.68. In addition, the Quick Ratio stands at 0.66 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 1.37 and price to earnings (TTM) ratio is 26.41.
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.
