The stock of Allegiant Travel (ALGT) has seen a -6.12% decrease in the past week, with a -20.56% drop in the past month, and a -28.98% decrease in the past quarter. The volatility ratio for the week is 3.43%, and the volatility levels for the past 30 days are at 3.95% for ALGT. The simple moving average for the past 20 days is -10.35% for ALGT’s stock, with a -28.25% simple moving average for the past 200 days.
Is It Worth Investing in Allegiant Travel (NASDAQ: ALGT) Right Now?
Allegiant Travel (NASDAQ: ALGT) has a price-to-earnings ratio of 9.18x that is above its average ratio. Additionally, the 36-month beta value for ALGT is 1.60. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
The public float for ALGT is 15.13M and currently, short sellers hold a 5.36% ratio of that float. The average trading volume of ALGT on April 26, 2024 was 266.48K shares.
ALGT) stock’s latest price update
Allegiant Travel (NASDAQ: ALGT)’s stock price has decreased by -1.83 compared to its previous closing price of 59.07. However, the company has seen a -6.12% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Allegiant Travel (ALGT) benefits from robust air travel demand and fleet expansions. However, high labor and fuel expenses impede bottom-line progress.
Analysts’ Opinion of ALGT
Many brokerage firms have already submitted their reports for ALGT stocks, with TD Cowen repeating the rating for ALGT by listing it as a “Market Perform.” The predicted price for ALGT in the upcoming period, according to TD Cowen is $85 based on the research report published on February 06, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ALGT reach a price target of $145, previously predicting the price at $110. The rating they have provided for ALGT stocks is “Buy” according to the report published on June 15th, 2023.
Barclays gave a rating of “Equal Weight” to ALGT, setting the target price at $105 in the report published on March 10th of the previous year.
ALGT Trading at -17.35% from the 50-Day Moving Average
After a stumble in the market that brought ALGT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.71% of loss for the given period.
Volatility was left at 3.95%, however, over the last 30 days, the volatility rate increased by 3.43%, as shares sank -23.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.68% lower at present.
During the last 5 trading sessions, ALGT fell by -6.12%, which changed the moving average for the period of 200-days by -54.02% in comparison to the 20-day moving average, which settled at $63.77. In addition, Allegiant Travel saw -29.80% 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 ALGT starting from ELLMER GARY, who sale 2,000 shares at the price of $79.10 back on Feb 12 ’24. After this action, ELLMER GARY now owns 8,490 shares of Allegiant Travel, valued at $158,200 using the latest closing price.
DeAngelo Scott Wayne, the EVP and CMO of Allegiant Travel, sale 3,680 shares at $61.07 during a trade that took place back on Nov 07 ’23, which means that DeAngelo Scott Wayne is holding 93,872 shares at $224,738 based on the most recent closing price.
Stock Fundamentals for ALGT
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.2 for the gross margin
The net margin for Allegiant Travel stands at 0.05. The total capital return value is set at 0.06. Equity return is now at value 8.78, with 2.35 for asset returns.
Based on Allegiant Travel (ALGT), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is 1.85.
Currently, EBITDA for the company is 472.76 million with net debt to EBITDA at 6.43. When we switch over and look at the enterprise to sales, we see a ratio of 1.3. The receivables turnover for the company is 35.48for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
In conclusion, Allegiant Travel (ALGT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
