Alaska Air Group Inc. (NYSE:ALK) had 1.11 million traded shares during the recent session, with the company’s beta value reaching 1.77. The stock’s price was $57.21 at the time of our last check, representing a -0.66% or -$0.38 intraday loss. The ALK share has a 52-week high of $74.25, which is down -29.79 percent from that high but still represents a stunning 41.93 percent gain since the share price plunged to a 52-week low of $33.22. The firm has a market valuation of $8.08 billion, with an average intraday trading volume of 2.19 million shares over the last ten days and 1.67 million shares for the last three months.
Analysts have unanimously recommended Alaska Air Group Inc. (ALK) as a Buy. This equates to a 1.80 average rating. 0 analyst(s) has given ALK a Sell rating out of 16 who have looked at the stock. 1 analyst recommends that the stock be held, 1 recommends that it be overweighted, and 14 urge that it be bought. The stock has been rated Underweight by 0 analyst(s). The current quarter’s earnings per share (EPS) are predicted to be -$0.76.
Trade data for Alaska Air Group Inc. (NYSE:ALK).
Alaska Air Group Inc. (ALK) fell -0.66% in the previous session and has now traded in the green for the past five sessions. This Wednesday, 07/21/21, the stock fell -0.66% in intraday trade to $57.21, a new weekly high. The stock has moved -11.43 percent in 30 days and has a 5-day price performance of 0.07 percent. The overall pricing performance for the year is 59.09 percent based on these engagements. Alaska Air Group Inc. (NYSE:ALK) has a short interest of 2.99 million shares, implying that shorts have 2.06 days to cover.
Analysts on Wall Street have set an average price objective of $81.47, implying a gain of 29.78 percent over the stock’s current price. The forecast’s extremes result in target low and high prices of $68.00 and $104.00, respectively. As a result, ALK is currently trading at a -81.79 percent discount to the target high and a -18.86 percent discount to the target low.
Estimates and predictions from Alaska Air Group Inc. (ALK).
Alaska Air Group Inc. has outperformed its competition in terms of share price when compared to the industry in which it works, according to statistics. Alaska Air Group Inc. (ALK) stock has risen 3.19 percent in the last six months, with a year-to-date growth rate of 78.76 percent versus 34.50 percent for the industry. Analysts, on the other hand, are raising their growth forecasts for fiscal year 2021. Revenue is expected to increase by 78.50 percent this quarter and then by 120.10 percent the following quarter. Revenue is expected to climb by 76.00 percent over the previous financial year, according to the rating firms’ predictions.
According to 12 analysts, revenue for the current quarter will be $1.51 billion (s). Meanwhile, revenue is expected to climb to $1.82 billion by the end of September 2021, according to a consensus of 12 analysts. Sales for the comparable quarters reached $421 million and $701 million, respectively, according to the earnings report from the previous fiscal year’s results. In this situation, analysts predict revenues to increase by 258.80% in the current quarter and then by 159.90% in the next quarter.
According to a review of the company’s performance during the last five years, earnings have decreased by an estimated -29.50 percent. In 2021, earnings are expected to fall by -273.30 percent.
Between October 20 and October 25, Alaska Air Group Inc. will release its next quarterly earnings report. It’s crucial to remember, however, that the dividend yield ratio is only a guideline.
Alaska Air Group Inc. (NYSE:ALK)’s Major holders
Insiders own 0.40 percent of Alaska Air Group Inc. (NYSE:ALK) shares, while institutional investors own 80.56 percent, with the float proportion at 80.88 percent. The company’s largest stakeholder is Vanguard Group, Inc. (The), with 719 institutions owning equity. The corporation had about 12.9 million shares (or 10.37 percent of all shares) with a total value of $893.0 million as of March 30, 2021.
Blackrock Inc. is the second largest institutional position, accounting for approximately 6.51 percent of outstanding shares with 8.11 million shares. These shares were worth $560.99 million at the market price on March 30, 2021.
Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund are also the Mutual Funds with the greatest holdings of Alaska Air Group Inc. (ALK) shares. Vanguard/Primecap Fund has around 4.28 million shares, according to data from March 30, 2021. With a market value of $296.08 million, this represents little over 3.44 percent of the company’s total shares. According to the same statistics, the other fund manager owns 3.49 million shares, or 2.81 percent of the stock, which is worth $241.75 million. Also get to know about ESPP.