Allegiant Travel [ALGT] stock prices are up 11.50% to $73.87 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALGT shares have gain 17.33% over the last week, with a monthly amount glided 32.10%, 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 November 01, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $50 from $42. Previously, TD Cowen reaffirmed its Hold rating on October 03, 2024, and elevated its price target to $42. On August 07, 2024, TD Cowen reiterated its Hold rating and revised its price target to $33 on the stock. TD Cowen reiterated its Hold rating and decreased its price target to $39 on July 17, 2024. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $53 on July 08, 2024. TD Cowen reiterated a Hold rating for this stock on May 15, 2024, and downed its price target to $60. In a note dated February 06, 2024, TD Cowen reiterated an Market Perform rating on this stock and boosted its target price from $82 to $85.
The stock price of Allegiant Travel [ALGT] has been fluctuating between $36.08 and $85.91 over the past year. Currently, Wall Street analysts expect the stock to reach $97.5 within the next 12 months. Allegiant Travel [NASDAQ: ALGT] shares were valued at $73.87 at the most recent close of the market. An investor can expect a potential return of 31.99% based on the average ALGT price forecast.
Analyzing the ALGT fundamentals
The Allegiant Travel [NASDAQ:ALGT] reported sales of 2.50B for trailing twelve months, representing a drop of -0.56%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.35.
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 68.93 points at the first support level, and at 63.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.58, and for the 2nd resistance point, it is at 79.29.
Ratios To Look Out For
It’s worth pointing out that Allegiant Travel [NASDAQ:ALGT]’s Current Ratio is 0.75. In addition, the Quick Ratio stands at 0.72 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.54, the price to book ratio is 1.04.
Transactions by insiders
Recent insider trading involved Wilper Keny Frank, COO, that happened on Oct 23 ’24 when 635.0 shares were sold. Officer, Wilper Keny Frank completed a deal on Oct 23 ’24 to buy 635.0 shares. Meanwhile, COO Wilper Keny Frank sold 296.0 shares on Oct 04 ’24.
