Allegiant Travel [ALGT] stock prices are up 2.04% to $94.12 at the moment. 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 7.81% over the last week, with a monthly amount glided 15.00%, and seem to be holding up well over a long-time horizon.
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.
The stock price of Allegiant Travel [ALGT] has been fluctuating between $36.08 and $94.45 over the past year. Currently, Wall Street analysts expect the stock to reach $62.75 within the next 12 months. Allegiant Travel [NASDAQ: ALGT] shares were valued at $94.12 at the most recent close of the market. An investor can expect a potential drop of -33.33% based on the average ALGT price forecast.
Analyzing the ALGT fundamentals
The Allegiant Travel [NASDAQ:ALGT] reported sales of 2.50B for trailing twelve months, representing 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 92.30 points at the first support level, and at 90.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.23, and for the 2nd resistance point, it is at 96.35.
Ratios To Look Out For
It’s worth pointing out that Allegiant Travel [NASDAQ:ALGT]’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 0.69, the price to book ratio is 1.33.
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.
