A new trading day began on Tuesday, with Allegiant Travel (NASDAQ: ALGT) stock price down -4.87% from the previous day of trading, before settling in for the closing price of $63.80. ALGT’s price has ranged from $36.08 to $85.91 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 16.10%. Meanwhile, its annual earnings per share averaged -84.78%. With a float of $15.27 million, this company’s outstanding shares have now reached $18.27 million.
Let’s determine the extent of company efficiency that accounts for 5643 employees. In terms of profitability, gross margin is 12.11%, operating margin of 3.33%, and the pretax margin is -0.6%.
Allegiant Travel (ALGT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Airlines Industry. The insider ownership of Allegiant Travel is 16.54%, while institutional ownership is 92.64%. The most recent insider transaction that took place on Oct 23 ’24, was worth 39,808. In this transaction COO of this company sold 635 shares at a rate of $62.69, taking the stock ownership to the 16,353 shares. Before that another transaction happened on Oct 23 ’24, when Company’s Officer proposed sale 635 for $62.69, making the entire transaction worth $39,808.
Allegiant Travel (ALGT) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.09 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -84.78% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.64% during the next five years compared to -8.85% drop over the previous five years of trading.
Allegiant Travel (NASDAQ: ALGT) Trading Performance Indicators
Here are Allegiant Travel’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.89, a number that is poised to hit -1.87 in the next quarter and is forecasted to reach 5.46 in one year’s time.
Technical Analysis of Allegiant Travel (ALGT)
Looking closely at Allegiant Travel (NASDAQ: ALGT), its last 5-days average volume was 0.36 million, which is a drop from its year-to-date volume of 0.36 million. As of the previous 9 days, the stock’s Stochastic %D was 43.28%. Additionally, its Average True Range was 2.82.
During the past 100 days, Allegiant Travel’s (ALGT) raw stochastic average was set at 80.37%, which indicates a significant increase from 54.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.39% in the past 14 days, which was lower than the 61.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.40, while its 200-day Moving Average is $57.93. However, in the short run, Allegiant Travel’s stock first resistance to watch stands at $62.53. Second resistance stands at $64.36. The third major resistance level sits at $65.92. If the price goes on to break the first support level at $59.14, it is likely to go to the next support level at $57.58. Should the price break the second support level, the third support level stands at $55.75.
Allegiant Travel (NASDAQ: ALGT) Key Stats
With a market capitalization of 1.11 billion, the company has a total of 18,286K Shares Outstanding. Currently, annual sales are 2,510 M while annual income is 117,600 K. The company’s previous quarter sales were 666,280 K while its latest quarter income was 13,700 K.
