Allegiant Travel’s stock (ALGT) continues to rise above its goal

Allegiant Travel [ALGT] stock is trading at $84.01, up 6.22%. 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 13.22% over the last week, with a monthly amount glided 34.89%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, TD Cowen reaffirmed its Hold rating on November 01, 2024, and elevated its price target to $50. On October 03, 2024, TD Cowen reiterated its Hold rating and revised its price target to $42 on the stock. TD Cowen reiterated its Hold rating and decreased its price target to $33 on August 07, 2024. TD Cowen reiterated its recommendation of a Hold and reduced its price target to $39 on July 17, 2024. Deutsche Bank downgraded its rating to Hold for this stock on July 08, 2024, and downed its price target to $53. In a note dated May 15, 2024, TD Cowen reiterated an Hold rating on this stock and revised its target price from $65 to $60.

Allegiant Travel [ALGT] stock has fluctuated between $36.08 and $85.91 over the past year. Currently, Wall Street analysts expect the stock to reach $95.89 within the next 12 months. Allegiant Travel [NASDAQ: ALGT] shares were valued at $84.01 at the most recent close of the market. An investor can expect a potential return of 14.14% based on the average ALGT price forecast.

Analyzing the ALGT fundamentals

Allegiant Travel [NASDAQ:ALGT] reported sales of 2.50B for the trailing twelve months, which represents 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 -0.02 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 1.7.

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 81.36 points at the first support level, and at 78.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.80, and for the 2nd resistance point, it is at 89.59.

Ratios To Look Out For

For context, Allegiant Travel’s Current Ratio is 0.75. Further, the Quick Ratio stands at 0.72, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 1.19.

Transactions by insiders

Recent insider trading involved GALLAGHER MAURICE J JR, Director, that happened on Nov 25 ’24 when 28319.0 shares were purchased. COO, Wilper Keny Frank completed a deal on Oct 23 ’24 to sell 635.0 shares. Meanwhile, Officer Wilper Keny Frank bought 635.0 shares on Oct 23 ’24.

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