Allegiant Travel (NASDAQ: ALGT) on Friday, plunged -3.08% from the previous trading day, before settling in for the closing price of $65.01. Within the past 52 weeks, ALGT’s price has moved between $36.08 and $85.91.
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A company in the Industrials sector has jumped its sales by 16.10% annually for the last half of the decade. The company achieved an average annual earnings per share of -87.48%. With a float of $15.27 million, this company’s outstanding shares have now reached $18.27 million.
In an organization with 5643 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 11.13%, operating margin of 3.34%, and the pretax margin is -1.14%.
Allegiant Travel (ALGT) Insider Updates
Observing investor behavior towards Airlines industry stocks is more important than anything else. The insider ownership of Allegiant Travel is 16.54%, while institutional ownership is 91.94%. 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) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.11 earnings per share (EPS) for the period topping the consensus outlook (set at -0.21) by 0.32. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -87.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -2.24% during the next five years compared to -8.85% drop over the previous five years of trading.
Allegiant Travel (NASDAQ: ALGT) Trading Performance Indicators
Allegiant Travel (ALGT) is currently performing well based on its current performance indicators. A quick ratio of 0.71 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 0.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.51, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 5.40 in one year’s time.
Technical Analysis of Allegiant Travel (ALGT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.65 million. That was better than the volume of 0.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 74.03%. Additionally, its Average True Range was 3.42.
During the past 100 days, Allegiant Travel’s (ALGT) raw stochastic average was set at 87.95%, which indicates a significant increase from 68.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.02% in the past 14 days, which was lower than the 62.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.78, while its 200-day Moving Average is $57.79. However, in the short run, Allegiant Travel’s stock first resistance to watch stands at $65.33. Second resistance stands at $67.64. The third major resistance level sits at $69.34. If the price goes on to break the first support level at $61.32, it is likely to go to the next support level at $59.62. Assuming the price breaks the second support level, the third support level stands at $57.31.
Allegiant Travel (NASDAQ: ALGT) Key Stats
Market capitalization of the company is 1.12 billion based on 18,286K outstanding shares. Right now, sales total 2,510 M and income totals 117,600 K. The company made 666,280 K in profit during its latest quarter, and 13,700 K in sales during its previous quarter.
