On Monday, Alaska Air Group Inc (NYSE: ALK) opened lower -4.06% from the last session, before settling in for the closing price of $49.23. Price fluctuations for ALK have ranged from $31.44 to $50.16 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 16.87% over the last five years. Company’s average yearly earnings per share was noted -10.66% at the time writing. With a float of $125.62 million, this company’s outstanding shares have now reached $126.09 million.
The firm has a total of 26043 workers. Let’s measure their productivity. In terms of profitability, gross margin is 47.79%, operating margin of 5.54%, and the pretax margin is 4.37%.
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 0.43%, while institutional ownership is 89.81%. 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
According to the Wall Street analysts, stocks earnings will be around -10.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.38% 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 0.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.49, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 5.42 in one year’s time.
Technical Analysis of Alaska Air Group Inc (ALK)
Analysing the last 5-days average volume posted by the [Alaska Air Group Inc, ALK], we can find that recorded value of 2.83 million was better than the volume posted last year of 2.28 million. As of the previous 9 days, the stock’s Stochastic %D was 59.42%. Additionally, its Average True Range was 1.38.
During the past 100 days, Alaska Air Group Inc’s (ALK) raw stochastic average was set at 83.29%, which indicates a significant increase from 46.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.89% in the past 14 days, which was lower than the 35.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.42, while its 200-day Moving Average is $40.22. Now, the first resistance to watch is $48.44. This is followed by the second major resistance level at $49.66. The third major resistance level sits at $50.26. If the price goes on to break the first support level at $46.62, it is likely to go to the next support level at $46.02. Should the price break the second support level, the third support level stands at $44.80.
Alaska Air Group Inc (NYSE: ALK) Key Stats
There are currently 126,159K shares outstanding in the company with a market cap of 6.12 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 2,897 M and its income totaled 220,000 K.
