Alaska Air Group Inc. (NYSE: ALK) on Tuesday, plunged -0.13% from the previous trading day, before settling in for the closing price of $46.04. Within the past 52 weeks, ALK’s price has moved between $30.75 and $46.87.
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Annual sales at Industrials sector company grew by 16.87% over the past five years. The company achieved an average annual earnings per share of -8.02%. With a float of $125.62 million, this company’s outstanding shares have now reached $126.09 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
Observing investor behavior towards Airlines industry stocks is more important than anything else. The insider ownership of Alaska Air Group Inc. is 0.43%, while institutional ownership is 89.38%. 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) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.83 earnings per share (EPS) for the period falling under the consensus outlook (set at 1.86) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.21% 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
Alaska Air Group Inc. (ALK) is currently performing well based on its current performance indicators. A quick ratio of 0.66 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.73, a number that is poised to hit 2.22 in the next quarter and is forecasted to reach 5.45 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 2.23 million, a negative change from its year-to-date volume of 2.28 million. As of the previous 9 days, the stock’s Stochastic %D was 73.52%. Additionally, its Average True Range was 1.23.
During the past 100 days, Alaska Air Group Inc.’s (ALK) raw stochastic average was set at 93.79%, which indicates a significant increase from 82.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.04% in the past 14 days, which was lower than the 34.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.27, while its 200-day Moving Average is $39.71. Nevertheless, the first resistance level for the watch stands at $46.19 in the near term. At $46.39, 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 $45.63, it is likely to go to the next support level at $45.28. The third support level lies at $45.08 if the price breaches the second support level.
Alaska Air Group Inc. (NYSE: ALK) Key Stats
Market capitalization of the company is 5.80 billion based on 126,892K outstanding shares. Right now, sales total 10,426 M and income totals 235,000 K. The company made 2,897 M in profit during its latest quarter, and 220,000 K in sales during its previous quarter.
