Alaska Air Group Inc [ALK] stock is trading at $66.02, up 1.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALK shares have gain 5.51% over the last week, with a monthly amount glided 24.24%, 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 [ALK] stock has fluctuated between $32.62 and $65.62 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 $66.02 at the most recent close of the market. An investor can expect a potential drop of -10.94% 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. 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 64.59 points at the first support level, and at 63.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.13, and for the 2nd resistance point, it is at 68.24.
Ratios To Look Out For
For context, Alaska Air Group Inc’s Current Ratio is 0.60. On the other hand, the Quick Ratio is 0.57, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 26.55.
Transactions by insiders
Recent insider trading involved SCHNEIDER ANDREA L, SVP PEOPLE, that happened on Dec 19 ’24 when 800.0 shares were sold. CEO Hawaiian A/L, SPRAGUE JOSEPH A completed a deal on Dec 18 ’24 to sell 2325.0 shares. Meanwhile, VP Finance, Controller & Treas HALVERSON EMILY sold 1329.0 shares on Dec 18 ’24.
