Alaska Air Group Inc [ALK] stock is trading at $61.29, up 13.16%. 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 16.63% over the last week, with a monthly amount glided 20.18%, 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 December 04, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $68 from $50. Melius upgraded its rating to a Buy but stick to its price target of $56 on October 28, 2024. Barclays initiated its recommendation with a Overweight and recommended $55 as its price target on October 21, 2024. TD Cowen reiterated a Buy rating for this stock on July 24, 2024, and downed its price target to $51. In a note dated May 17, 2024, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $55.
Alaska Air Group Inc [ALK] stock has fluctuated between $32.62 and $56.95 over the past year. Currently, Wall Street analysts expect the stock to reach $58.8 within the next 12 months. Alaska Air Group Inc [NYSE: ALK] shares were valued at $61.29 at the most recent close of the market. An investor can expect a potential drop of -4.06% based on the average ALK price forecast.
Analyzing the ALK fundamentals
Alaska Air Group Inc [NYSE:ALK] reported sales of 10.75B for the trailing twelve months, which represents a growth of 8.21%. Gross Profit Margin for this corporation currently stands at 0.2% 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 of1.09.
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 59.58 points at the first support level, and at 57.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.45, and for the 2nd resistance point, it is at 65.61.
Ratios To Look Out For
For context, Alaska Air Group Inc’s Current Ratio is 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 0.72, the price to book ratio is 1.73 and price to earnings (TTM) ratio is 24.65.
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.
