Alaska Air Group Inc [ALK] stock prices are up 0.73% to $70.46 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALK shares have gain 6.21% over the last week, with a monthly amount glided 4.43%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Alaska Air Group Inc [NYSE: ALK] stock has seen the most recent analyst activity on January 24, 2025, when TD Cowen reiterated its Buy rating and also boosted its price target to $110 from $85. Previously, Susquehanna upgraded its rating to Positive on January 07, 2025, and kept the price target unchanged to $95. On December 11, 2024, TD Cowen reiterated its Buy rating and revised its price target to $78 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $68 on December 04, 2024. In a note dated October 28, 2024, Melius upgraded an Buy rating on this stock but restated the target price of $56.
The stock price of Alaska Air Group Inc [ALK] has been fluctuating between $32.62 and $71.70 over the past year. Currently, Wall Street analysts expect the stock to reach $61.5 within the next 12 months. Alaska Air Group Inc [NYSE: ALK] shares were valued at $70.46 at the most recent close of the market. An investor can expect a potential drop of -12.72% based on the average ALK price forecast.
Analyzing the ALK fundamentals
The Alaska Air Group Inc [NYSE:ALK] reported sales of 11.73B for trailing twelve months, representing a surge of 38.43%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%.
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 69.20 points at the first support level, and at 67.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.68, and for the 2nd resistance point, it is at 72.89.
Ratios To Look Out For
It’s worth pointing out that Alaska Air Group Inc [NYSE:ALK]’s Current Ratio is 0.61. In addition, the Quick Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 23.09.
Transactions by insiders
Recent insider trading involved SPRAGUE JOSEPH A, Pres & CEO Hawaiian A/L, that happened on Jan 24 ’25 when 9500.0 shares were sold. CEO AND PRESIDENT, MINICUCCI BENITO completed a deal on Jan 24 ’25 to sell 9861.0 shares. Meanwhile, Officer SPRAGUE JOSEPH A bought 9500.0 shares on Jan 24 ’25.
