A share price of Alaska Air Group Inc [ALK] is currently trading at $62.57, down -1.34%. 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 15.15% over the last week, with a monthly amount glided 21.10%, 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 11, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $78 from $68. Previously, TD Cowen reaffirmed its Buy rating on December 04, 2024, and elevated its price target to $68. Melius upgraded its rating to a Buy but $56 remained the price target by the analyst firm on October 28, 2024. Barclays started tracking with a Overweight rating for this stock on October 21, 2024, and assigned it a price target of $55. In a note dated July 24, 2024, TD Cowen reiterated an Buy rating on this stock and revised its target price from $58 to $51.
Alaska Air Group Inc experienced fluctuations in its stock price throughout the past year between $32.62 and $65.62. 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 $62.57 at the most recent close of the market. An investor can expect a potential drop of -6.03% based on the average ALK price forecast.
Analyzing the ALK fundamentals
Trailing Twelve Months sales for Alaska Air Group Inc [NYSE:ALK] were 10.75B which represents 8.21% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.09.
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 61.96 points at the first support level, and at 61.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.40, and for the 2nd resistance point, it is at 64.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alaska Air Group Inc [NYSE:ALK] 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 0.73, the price to book ratio is 1.76 and price to earnings (TTM) ratio is 25.17.
Transactions by insiders
Recent insider trading involved VON MUEHLEN CONSTANCE E, EVP AND COO, that happened on Dec 13 ’24 when 4000.0 shares were sold. CEO AND PRESIDENT, MINICUCCI BENITO completed a deal on Dec 12 ’24 to sell 30000.0 shares. Meanwhile, Officer VON MUEHLEN CONSTANCE E bought 4000.0 shares on Dec 13 ’24.
