On Tuesday, Alaska Air Group Inc. (NYSE: ALK) was -0.58% drop from the session before settling in for the closing price of $36.11. A 52-week range for ALK has been $30.75 – $46.15.
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During the last 5-year period, the sales growth of Industrials Sector giant was 16.87%. When this article was written, the company’s average yearly earnings per share was at -12.42%. With a float of $125.62 million, this company’s outstanding shares have now reached $126.09 million.
Let’s determine the extent of company efficiency that accounts for 26043 employees. In terms of profitability, gross margin is 17.92%, operating margin of 6.19%, and the pretax margin is 3.18%.
Alaska Air Group Inc. (ALK) Insider Activity
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 0.43%, while institutional ownership is 91.78%. 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
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 1.83 earnings per share (EPS) during the time that was less than consensus figure (set at 1.86) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.78 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -12.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.22% 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
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 0.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.73, a number that is poised to hit 1.57 in the next quarter and is forecasted to reach 5.53 in one year’s time.
Technical Analysis of Alaska Air Group Inc. (ALK)
Looking closely at Alaska Air Group Inc. (NYSE: ALK), its last 5-days average volume was 2.05 million, which is a drop from its year-to-date volume of 2.21 million. As of the previous 9 days, the stock’s Stochastic %D was 83.57%. Additionally, its Average True Range was 0.91.
During the past 100 days, Alaska Air Group Inc.’s (ALK) raw stochastic average was set at 24.24%, which indicates a significant decrease from 69.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.93% in the past 14 days, which was lower than the 32.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $37.17, while its 200-day Moving Average is $38.91. However, in the short run, Alaska Air Group Inc.’s stock first resistance to watch stands at $36.38. Second resistance stands at $36.86. The third major resistance level sits at $37.17. If the price goes on to break the first support level at $35.59, it is likely to go to the next support level at $35.28. Should the price break the second support level, the third support level stands at $34.80.
Alaska Air Group Inc. (NYSE: ALK) Key Stats
There are 126,892K outstanding shares of the company, which has a market capitalization of 4.53 billion. As of now, sales total 10,426 M while income totals 235,000 K. Its latest quarter income was 2,897 M while its last quarter net income were 220,000 K.
