January 24, 2023, Alaska Air Group Inc. (NYSE: ALK) trading session started at the price of $49.80, that was -0.74% drop from the session before. During the day, the shares moved up to $50.72 and dropped to $45.06 before settling in for the closing price of $50.10. A 52-week range for ALK has been $38.19 – $61.55.
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Annual sales at Industrials sector company grew by 0.80% over the past five years. When this article was written, the company’s average yearly earnings per share was at 134.10%. With a float of $126.36 million, this company’s outstanding shares have now reached $126.78 million.
Let’s look at the performance matrix of the company that is accounted for 20550 employees. In terms of profitability, gross margin is +5.44, operating margin of -5.57, and the pretax margin is +10.18.
Alaska Air Group Inc. (ALK) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Alaska Air Group Inc. stocks. The insider ownership of Alaska Air Group Inc. is 0.20%, while institutional ownership is 79.90%. The most recent insider transaction that took place on Sep 08, was worth 150,332. In this transaction EVP AND CCO of this company sold 3,275 shares at a rate of $45.90, taking the stock ownership to the 10,877 shares. Before that another transaction happened on Jul 29, when Company’s EVP AND CCO sold 2,267 for $44.13, making the entire transaction worth $100,037. This insider now owns 14,152 shares in total.
Alaska Air Group Inc. (ALK) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 9/29/2022, it has been observed that the corporation posted $2.53 earnings per share (EPS) during the time that was better than consensus figure (set at $2.39) by $0.14. This company achieved a net margin of +7.74 while generating a return on equity of 14.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 134.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.43% during the next five years compared to -10.60% drop over the previous five years of trading.
Alaska Air Group Inc. (NYSE: ALK) Trading Performance Indicators
You can see what Alaska Air Group Inc. (ALK) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.69. Likewise, its price to free cash flow for the trailing twelve months is 4.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.29, a number that is poised to hit 0.92 in the next quarter and is forecasted to reach 5.47 in one year’s time.
Technical Analysis of Alaska Air Group Inc. (ALK)
Alaska Air Group Inc. (NYSE: ALK) saw its 5-day average volume 1.27 million, a negative change from its year-to-date volume of 1.4 million. As of the previous 9 days, the stock’s Stochastic %D was 70.52%. Additionally, its Average True Range was 1.68.
During the past 100 days, Alaska Air Group Inc.’s (ALK) raw stochastic average was set at 86.68%, which indicates a significant increase from 80.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.87% in the past 14 days, which was lower than the 36.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $45.92, while its 200-day Moving Average is $45.51. Nevertheless, the first resistance level for the watch stands at $50.42 in the near term. At $51.11, the stock is likely to face the second major resistance level. The third major resistance level sits at $51.50. If the price goes on to break the first support level at $49.34, it is likely to go to the next support level at $48.95. Assuming the price breaks the second support level, the third support level stands at $48.26.
Alaska Air Group Inc. (NYSE: ALK) Key Stats
There are 126,838K outstanding shares of the company, which has a market capitalization of 6.25 billion. As of now, sales total 6,176 M while income totals 478,000 K. Its latest quarter income was 2,828 M while its last quarter net income were 40,000 K.