Looking Closely at the Growth Curve for Alaska Air Group Inc. (ALK)

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Alaska Air Group Inc. (NYSE:ALK) went down by -0.11% from its latest closing price compared to the recent 1-year high of $72.22. The company’s stock price has collected -0.62% of loss in the last five trading sessions. Press Release reported 7 hours ago that Alaska Airlines to offer rapid COVID-19 testing for Hawaii-bound guests

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Is It Worth Investing in Alaska Air Group Inc. (NYSE :ALK) Right Now?

Alaska Air Group Inc. (NYSE:ALK) scored a price-to-earnings ratio above its average ratio, recording 87.42 x from its present earnings ratio. Plus, the 36-month beta value for ALK is at 1.54. Opinions of the stock are interesting as 10 analysts out of 16 who provided ratings for Alaska Air Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $46.35, which is $8.38 above the current price. ALK currently public float of 123.06M and currently shorts hold a 3.00% ratio of that float. Today, the average trading volume of ALK was 2.35M shares.

ALK’s Market Performance

ALK stocks went down by -0.62% for the week, with a monthly drop of -5.96% and a quarterly performance of 2.61%, while its annual performance rate touched -43.60%. The volatility ratio for the week stands at 4.30% while the volatility levels for the past 30 days are set at 4.48% for Alaska Air Group Inc.. The simple moving average for the period of the last 20 days is -7.65% for ALK stocks with a simple moving average of -14.90% for the last 200 days.

Analysts’ Opinion of ALK

Many brokerage firms have already submitted their reports for ALK stocks, with Seaport Global Securities repeating the rating for ALK by listing it as a “Buy.” The predicted price for ALK in the upcoming period, according to Seaport Global Securities is $53 based on the research report published on September 15th of the current year 2020.

Morgan Stanley gave a rating of “Equal-Weight” to ALK, setting the target price at $46 in the report published on September 08th of the current year.

ALK Trading at -3.06% from the 50-Day Moving Average

After a stumble in the market that brought ALK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.28% of loss for the given period.

Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 4.30%, as shares sank -6.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.19% upper at present.

During the last 5 trading sessions, ALK fell by -0.62%, which changed the moving average for the period of 200-days by -45.66% in comparison to the 20-day moving average, which settled at $39.54. In addition, Alaska Air Group Inc. saw -45.93% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ALK starting from SPRAGUE JOSEPH A, who sale 4,570 shares at the price of $39.04 back on Sep 01. After this action, SPRAGUE JOSEPH A now owns 13,254 shares of Alaska Air Group Inc., valued at $178,418 using the latest closing price.

HARRISON ANDREW R, the EVP and CCO of Alaska Air Group Inc., sale 2,500 shares at $39.02 during a trade that took place back on Aug 10, which means that HARRISON ANDREW R is holding 20,005 shares at $97,547 based on the most recent closing price.

Stock Fundamentals for ALK

Current profitability levels for the company are sitting at:

  • +12.75 for the present operating margin
  • +22.69 for the gross margin

The net margin for Alaska Air Group Inc. stands at +8.76. The total capital return value is set at 16.73, while invested capital returns managed to touch 12.40. Equity return is now at value 1.40, with 0.40 for asset returns.

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Based on Alaska Air Group Inc. (ALK), the company’s capital structure generated 74.05 points at debt to equity in total, while total debt to capital is 42.54. Total debt to assets is 22.91, with long-term debt to equity ratio resting at 62.41. Finally, the long-term debt to capital ratio is 35.86.

Currently, EBITDA for the company is -474.00M with total debt to EBITDA at 0.97. When we switch over and look at the enterprise to sales, we see a ratio of 1.15, with the company’s debt to enterprise value settled at 0.32. The receivables turnover for the company is 25.49 and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.

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