On Tuesday, Alaska Air Group Inc (NYSE: ALK) was -1.15% drop from the session before settling in for the closing price of $53.16. A 52-week range for ALK has been $32.00 – $54.14.
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A company in the Industrials sector has jumped its sales by 16.87% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -11.02%. With a float of $126.39 million, this company’s outstanding shares have now reached $126.94 million.
In an organization with 26043 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 19.78%, operating margin of 7.26%, and the pretax margin is 4.37%.
Alaska Air Group Inc (ALK) Insider Updates
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 86.93%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -11.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.84% 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 0.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.49, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 5.46 in one year’s time.
Technical Analysis of Alaska Air Group Inc (ALK)
Let’s dig in a bit further. During the last 5-days, its volume was 1.31 million. That was inferior than the volume of 2.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 41.76%. Additionally, its Average True Range was 1.27.
During the past 100 days, Alaska Air Group Inc’s (ALK) raw stochastic average was set at 92.61%, which indicates a significant increase from 44.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.74% in the past 14 days, which was lower than the 35.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.91, while its 200-day Moving Average is $41.79. However, in the short run, Alaska Air Group Inc’s stock first resistance to watch stands at $53.33. Second resistance stands at $54.12. The third major resistance level sits at $54.55. If the price goes on to break the first support level at $52.12, it is likely to go to the next support level at $51.69. Assuming the price breaks the second support level, the third support level stands at $50.90.
Alaska Air Group Inc (NYSE: ALK) Key Stats
There are 126,945K outstanding shares of the company, which has a market capitalization of 6.67 billion. As of now, sales total 10,426 M while income totals 235,000 K. Its latest quarter income was 3,072 M while its last quarter net income were 236,000 K.
