As on Thursday, Alaska Air Group Inc. (NYSE: ALK) got off with the flyer as it spiked 1.69% to $42.67, before settling in for the price of $41.96 at the close. Taking a more long-term approach, ALK posted a 52-week range of $30.75-$57.18.
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It was noted that the giant of the Industrials sector posted annual sales growth of 16.87% over the last 5 years. Meanwhile, its Annual Earning per share during the time was -12.33%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -4.55%. This publicly-traded company’s shares outstanding now amounts to $126.09 million, simultaneously with a float of $125.56 million. The organization now has a market capitalization sitting at $5.38 billion. At the time of writing, stock’s 50-day Moving Average stood at $38.74, while the 200-day Moving Average is $39.86.
Alaska Air Group Inc. (ALK) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Airlines industry. Alaska Air Group Inc.’s current insider ownership accounts for 0.39%, in contrast to 82.11% institutional ownership. According to the most recent insider trade that took place on Feb 28 ’24, this organization’s EVP AND CCO sold 6,500 shares at the rate of 38.36, making the entire transaction reach 249,348 in total value, affecting insider ownership by 26,048. Preceding that transaction, on Dec 07 ’23, Company’s CEO AND PRESIDENT bought 56 for 36.27, making the whole transaction’s value amount to 2,031. This particular insider is now the holder of 119,942 in total.
Alaska Air Group Inc. (ALK) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.3 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.18) by $0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.09 per share during the current fiscal year.
Alaska Air Group Inc.’s EPS decrease for this current 12-month fiscal period is -4.55% and is forecasted to reach 6.07 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 13.38% through the next 5 years, which can be compared against the -12.33% growth it accomplished over the previous five years trading on the market.
Alaska Air Group Inc. (NYSE: ALK) Trading Performance Indicators
Let’s observe the current performance indicators for Alaska Air Group Inc. (ALK). It’s Quick Ratio in the last reported quarter now stands at 0.58. The Stock has managed to achieve an average true range (ATR) of 1.19. Alongside those numbers, its PE Ratio stands at $23.60, and its Beta score is 1.63. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.52.
In the same vein, ALK’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.81, a figure that is expected to reach -1.03 in the next quarter, and analysts are predicting that it will be 6.07 at the market close of one year from today.
Technical Analysis of Alaska Air Group Inc. (ALK)
Through scrutinizing the latest numbers posted by the [Alaska Air Group Inc., ALK], it can be observed that its last 5-days Average volume of 2.17 million was lower the volume of 2.45 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 43.96% While, its Average True Range was 1.22.
Raw Stochastic average of Alaska Air Group Inc. (ALK) in the period of the previous 100 days is set at 86.82%, which indicates a major rise in contrast to 68.45% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 29.37% that was lower than 40.30% volatility it exhibited in the past 100-days period.
