Alaska Communications Systems Group Inc. (ALSK) 2021 Stock Forecast: Bullish Outlook with -10.0% Upside

Alaska Communications Systems Group Inc. (NASDAQ: ALSK) is -10.57% lower on its value in year-to-date trading and has touched a low of $1.37 and a high of $3.92 in the current 52-week trading range. The ALSK stock was last observed hovering at around $3.69 in the last trading session, with the day’s loss setting it -0.39% off its average median price target of $3.00 for the next 12 months. It is also -10.0% off the consensus price target high of $3.00 offered by 1 analysts, but current levels are -10.0% lower than the price target low of $3.00 for the same period.

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Currently trading at $3.30, the stock is -8.19% and 6.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.52 million and changing -10.57% at the moment leaves the stock 35.57% off its SMA200. ALSK registered 87.01% gain for a year compared to 6-month gain of 22.22%. The firm has a 50-day simple moving average (SMA 50) of $3.4122 and a 200-day simple moving average (SMA200) of $2.5838.

The stock witnessed a 7.14% loss in the last 1 month and extending the period to 3 months gives it a 63.37%, and is -9.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 3.51% over the month.

Alaska Communications Systems Group Inc. (ALSK) has around 565 employees, a market worth around $174.73M and $236.50M in sales. Current P/E ratio is 18.33. Profit margin for the company is 4.10%. Distance from 52-week low is 140.26% and -15.82% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).

Alaska Communications Systems Group Inc. (ALSK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Alaska Communications Systems Group Inc. (ALSK) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Alaska Communications Systems Group Inc. is expected to release its quarterly report on 05/10/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $58.69M over the same period.The EPS is expected to shrink by -41.60% this year, but quarterly earnings will post 2.50% year-over-year.

Alaska Communications Systems Group Inc. (ALSK) Top Institutional Holders

110 institutions hold shares in Alaska Communications Systems Group Inc. (ALSK), with 6.54M shares held by insiders accounting for 12.16% while institutional investors hold 57.18% of the company’s shares. The shares outstanding are 54.12M, and float is at 47.28M with Short Float at 0.84%. Institutions hold 50.22% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 3.86 million shares valued at $7.72 million. The investor’s holdings represent 7.17% of the ALSK Shares outstanding. As of Sep 29, 2020, the second largest holder is Renaissance Technologies, LLC with 3.72 million shares valued at $7.44 million to account for 6.91% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 2.79 million shares representing 5.19% and valued at over $5.58 million, while Kennedy Capital Management, Inc. holds 3.64% of the shares totaling 1.96 million with a market value of $3.92 million.

Alaska Communications Systems Group Inc. (ALSK) Insider Activity

The most recent transaction is an insider sale by Ley Peter D, the company’s Former Director. SEC filings show that Ley Peter D sold 4,784 shares of the company’s common stock on Nov 24 at a price of $3.15 per share for a total of $15070.0. Following the sale, the insider now owns 6548.0 shares.

Alaska Communications Systems Group Inc. disclosed in a document filed with the SEC on Nov 23 that Ley Peter D (Former Director) sold a total of 216 shares of the company’s common stock. The trade occurred on Nov 23 and was made at $3.15 per share for $680.0. Following the transaction, the insider now directly holds 11332.0 shares of the ALSK stock.

Still, SEC filings show that on Nov 20, Ley Peter D (Former Director) disposed off 5,000 shares at an average price of $3.13 for $15650.0. The insider now directly holds 11,548 shares of Alaska Communications Systems Group Inc. (ALSK).

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Alaska Communications Systems Group Inc. (ALSK): Who are the competitors?

The company’s main competitors (and peers) include Lumen Technologies Inc. (LUMN) that is trading -22.80% down over the past 12 months. Cincinnati Bell Inc. (CBB) is 47.59% up on the 1-year trading charts. Short interest in the company’s stock has risen 3.92% from the last report on Nov 12, 2020 to stand at a total of 0.38 million short shares sold with a short interest ratio of 0.34.

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