The stock of Alaska Air Group Inc (ALK) has gone up by 17.06% for the week, with a 19.89% rise in the past month and a 54.71% rise in the past quarter. The volatility ratio for the week is 4.10%, and the volatility levels for the past 30 days are 2.80% for ALK. The simple moving average for the last 20 days is 13.75% for ALK stock, with a simple moving average of 48.35% for the last 200 days.
Is It Worth Investing in Alaska Air Group Inc (NYSE: ALK) Right Now?
Alaska Air Group Inc (NYSE: ALK) has a higher price-to-earnings ratio of 25.50x compared to its average ratio, The 36-month beta value for ALK is at 1.60. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ALK is 126.41M, and currently, shorts hold a 7.25% of that float. The average trading volume for ALK on December 17, 2024 was 2.45M shares.
ALK) stock’s latest price update
Alaska Air Group Inc (NYSE: ALK) has seen a rise in its stock price by 1.33 in relation to its previous close of 62.57. However, the company has experienced a 17.06% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-16 that In the closing of the recent trading day, Alaska Air Group (ALK) stood at $63.40, denoting a +1.33% change from the preceding trading day.
Analysts’ Opinion of ALK
Many brokerage firms have already submitted their reports for ALK stocks, with TD Cowen repeating the rating for ALK by listing it as a “Buy.” The predicted price for ALK in the upcoming period, according to TD Cowen is $78 based on the research report published on December 11, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ALK reach a price target of $68, previously predicting the price at $50. The rating they have provided for ALK stocks is “Buy” according to the report published on December 04th, 2024.
UBS gave a rating of “Buy” to ALK, setting the target price at $72 in the report published on November 26th of the current year.
ALK Trading at 25.00% 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 -3.38% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 4.10%, as shares surge +17.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.25% upper at present.
During the last 5 trading sessions, ALK rose by +17.06%, which changed the moving average for the period of 200-days by +71.35% in comparison to the 20-day moving average, which settled at $55.73. In addition, Alaska Air Group Inc saw 62.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALK starting from VON MUEHLEN CONSTANCE E, who sale 4,000 shares at the price of $63.09 back on Dec 13 ’24. After this action, VON MUEHLEN CONSTANCE E now owns 12,162 shares of Alaska Air Group Inc, valued at $252,352 using the latest closing price.
MINICUCCI BENITO, the CEO AND PRESIDENT of Alaska Air Group Inc, sale 30,000 shares at $65.07 during a trade that took place back on Dec 12 ’24, which means that MINICUCCI BENITO is holding 111,244 shares at $1,952,115 based on the most recent closing price.
Stock Fundamentals for ALK
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.2 for the gross margin
The net margin for Alaska Air Group Inc stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 7.51, with 1.85 for asset returns.
Based on Alaska Air Group Inc (ALK), the company’s capital structure generated 0.52 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 1.09. The interest coverage ratio of the stock is 6.15.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 4.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 21.09for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In conclusion, Alaska Air Group Inc (ALK) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
