The stock of American Airlines Group Inc (NASDAQ: AAL) has increased by 2.21 when compared to last closing price of 10.39.Despite this, the company has seen a gain of 2.21% in its stock price over the last five trading days. accesswire.com reported 2024-09-02 that NEW YORK, NY / ACCESSWIRE / September 2, 2024 / If you suffered a loss on your American Airlines Group Inc. (NASDAQ:AAL) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/american-airlines-lawsuit-submission-form?prid=99690&wire=1 or contact Joseph E. Levi, Esq.
Is It Worth Investing in American Airlines Group Inc (NASDAQ: AAL) Right Now?
The 36-month beta value for AAL is at 1.43. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 7 as “hold,” and 2 as “sell.”
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The public float for AAL is 647.77M, and currently, shorts hold a 18.78% of that float. The average trading volume for AAL on September 03, 2024 was 34.35M shares.
AAL’s Market Performance
AAL’s stock has seen a 2.21% increase for the week, with a 4.73% rise in the past month and a -7.65% fall in the past quarter. The volatility ratio for the week is 2.77%, and the volatility levels for the past 30 days are at 3.03% for American Airlines Group Inc The simple moving average for the past 20 days is 6.74% for AAL’s stock, with a -18.21% simple moving average for the past 200 days.
Analysts’ Opinion of AAL
Many brokerage firms have already submitted their reports for AAL stocks, with Bernstein repeating the rating for AAL by listing it as a “Mkt Perform.” The predicted price for AAL in the upcoming period, according to Bernstein is $12 based on the research report published on July 22, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see AAL reach a price target of $10, previously predicting the price at $16. The rating they have provided for AAL stocks is “Hold” according to the report published on July 17th, 2024.
TD Cowen gave a rating of “Buy” to AAL, setting the target price at $16 in the report published on May 29th of the current year.
AAL Trading at 1.20% from the 50-Day Moving Average
After a stumble in the market that brought AAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.24% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +10.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.52% lower at present.
During the last 5 trading sessions, AAL rose by +2.21%, which changed the moving average for the period of 200-days by -9.85% in comparison to the 20-day moving average, which settled at $10.00. In addition, American Airlines Group Inc saw -22.71% 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 AAL starting from Raja Vasu, who sale 7,545 shares at the price of $14.30 back on Dec 14 ’23. After this action, Raja Vasu now owns 321,608 shares of American Airlines Group Inc, valued at $107,894 using the latest closing price.
Raja Vasu, the EVP Chief Commercial Officer of American Airlines Group Inc, sale 5,121 shares at $12.29 during a trade that took place back on Nov 21 ’23, which means that Raja Vasu is holding 334,049 shares at $62,937 based on the most recent closing price.
Stock Fundamentals for AAL
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.21 for the gross margin
The net margin for American Airlines Group Inc stands at -0.0. The total capital return value is set at 0.05.
Based on American Airlines Group Inc (AAL), the company’s capital structure generated 1.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at -8.03. The interest coverage ratio of the stock is 0.93.
Currently, EBITDA for the company is 6.26 billion with net debt to EBITDA at 12.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 25.86for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In conclusion, American Airlines Group Inc (AAL) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
