On Friday, Alaska Air Group Inc. (NYSE: ALK) opened higher 1.28% from the last session, before settling in for the closing price of $44.44. Price fluctuations for ALK have ranged from $30.75 to $57.18 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 16.87%. Company’s average yearly earnings per share was noted 1.85% at the time writing. With a float of $125.29 million, this company’s outstanding shares have now reached $126.09 million.
Considering the fact that the conglomerate employs 26043 people, you should pay attention to its efficiency factor.
Alaska Air Group Inc. (ALK) Insider Activity
A key investor’s attitude towards the stock of the Airlines industry is another important factor to consider. The insider ownership of Alaska Air Group Inc. is 0.40%, while institutional ownership is 82.34%. The most recent insider transaction that took place on Feb 28 ’24, was worth 249,348. In this transaction EVP AND CCO of this company sold 6,500 shares at a rate of $38.36, taking the stock ownership to the 26,048 shares. Before that another transaction happened on Dec 07 ’23, when Company’s CEO AND PRESIDENT bought 56 for $36.27, making the entire transaction worth $2,031. This insider now owns 119,942 shares in total.
Alaska Air Group Inc. (ALK) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 749.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.43% during the next five years compared to -12.33% drop over the previous five years of trading.
Alaska Air Group Inc. (NYSE: ALK) Trading Performance Indicators
Check out the current performance indicators for Alaska Air Group Inc. (ALK). In the past quarter, the stock posted a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.87, a number that is poised to hit 2.30 in the next quarter and is forecasted to reach 6.28 in one year’s time.
Technical Analysis of Alaska Air Group Inc. (ALK)
Compared to the last year’s volume of 2.51 million, its volume of 3.41 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 80.02%. Additionally, its Average True Range was 1.41.
During the past 100 days, Alaska Air Group Inc.’s (ALK) raw stochastic average was set at 94.55%, which indicates a significant increase from 86.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.73% in the past 14 days, which was lower than the 41.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.54, while its 200-day Moving Average is $39.55. Nevertheless, the first resistance level for the watch stands at $45.63 in the near term. At $46.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $46.74. If the price goes on to break the first support level at $44.52, it is likely to go to the next support level at $44.02. Should the price break the second support level, the third support level stands at $43.41.
Alaska Air Group Inc. (NYSE: ALK) Key Stats
There are currently 125,799K shares outstanding in the company with a market cap of 5.66 billion. Presently, the company’s annual sales total 10,426 M according to its annual income of 235,000 K. Last quarter, the company’s sales amounted to 2,553 M and its income totaled -2,000 K.
