At the time of writing, Alaska Air Group Inc [ALK] stock is trading at $52.83, down -2.09%. 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 ALK shares have gain 1.89% over the last week, with a monthly amount glided 17.56%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Melius upgraded its rating to Buy on October 28, 2024, and kept the price target unchanged to $56. On October 21, 2024, Barclays initiated with a Overweight rating and assigned a price target of $55 on the stock. TD Cowen reiterated its Buy rating and decreased its price target to $51 on July 24, 2024. Wolfe Research upgraded its rating to a Outperform but $55 remained the price target by the analyst firm on May 17, 2024. TD Cowen reiterated a Buy rating for this stock on April 19, 2024, and upped its price target to $58. In a note dated April 05, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $41 to $49.
For the past year, the stock price of Alaska Air Group Inc fluctuated between $32.00 and $54.01. Currently, Wall Street analysts expect the stock to reach $69.07 within the next 12 months. Alaska Air Group Inc [NYSE: ALK] shares were valued at $52.83 at the most recent close of the market. An investor can expect a potential return of 30.74% based on the average ALK price forecast.
Analyzing the ALK fundamentals
According to Alaska Air Group Inc [NYSE:ALK], the company’s sales were 10.75B for trailing twelve months, which represents an 8.21% jump. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.08.
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 52.25 points at the first support level, and at 51.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.68, and for the 2nd resistance point, it is at 54.52.
Ratios To Look Out For
It is important to note that Alaska Air Group Inc [NYSE:ALK] has a current ratio of 0.60. Further, the Quick Ratio stands at 0.57, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 21.25.
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.
