Allegiant Travel (ALGT) stock expected to decline by -30.54%: What’s driving the pessimism?

Currently, Allegiant Travel [ALGT] is trading at $90.34, up 3.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALGT shares have gain 3.07% over the last week, with a monthly amount glided 9.12%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Allegiant Travel [NASDAQ: ALGT] stock has seen the most recent analyst activity on December 17, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $70 from $50. TD Cowen reiterated its Hold rating and increased its price target to $50 on November 01, 2024. TD Cowen reiterated its recommendation of a Hold and raised its price target to $42 on October 03, 2024. TD Cowen reiterated a Hold rating for this stock on August 07, 2024, and downed its price target to $33. In a note dated July 17, 2024, TD Cowen reiterated an Hold rating on this stock and revised its target price from $60 to $39.

This stock has fluctuated between a low of $36.08 and a high of $94.45 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $62.75 within the next 12 months. Allegiant Travel [NASDAQ: ALGT] shares were valued at $90.34 at the most recent close of the market. An investor can expect a potential drop of -30.54% based on the average ALGT price forecast.

Analyzing the ALGT fundamentals

Trailing Twelve Months sales for Allegiant Travel [NASDAQ:ALGT] were 2.50B which represents -0.56% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.7.

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 88.11 points at the first support level, and at 85.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.45, and for the 2nd resistance point, it is at 92.57.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Allegiant Travel [NASDAQ:ALGT] is 0.75. As well, the Quick Ratio is 0.72, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 1.22.

Transactions by insiders

Recent insider trading involved Morgan Sandra Douglass, Director, that happened on Nov 27 ’24 when 350.0 shares were sold. Executive Chairman, GALLAGHER MAURICE J JR completed a deal on Nov 25 ’24 to sell 28319.0 shares. Meanwhile, Executive Chairman GALLAGHER MAURICE J JR sold 10382.0 shares on Nov 26 ’24.

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