Alaska Air Group Inc. (NYSE: ALK) is -11.06% lower on its value in year-to-date trading and has touched a low of $38.19 and a high of $61.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALK stock was last observed hovering at around $45.96 in the last trading session, with the day’s gains setting it 0.38% off its average median price target of $57.50 for the next 12 months. It is also 51.22% off the consensus price target high of $95.00 offered by analysts, but current levels are -2.98% lower than the price target low of $45.00 for the same period.
Currently trading at $46.34, the stock is 2.52% and 7.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 0.83% at the moment leaves the stock -2.19% off its SMA200. ALK registered -12.12% loss for a year compared to 6-month loss of 2.61%.
The stock witnessed a 6.75% gain in the last 1 month and extending the period to 3 months gives it a 0.30%, and is 1.44% up 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 2.35% over the week and 2.66% over the month.
Alaska Air Group Inc. (ALK) has around 20550 employees, a market worth around $5.78B and $9.07B in sales. Current P/E ratio is 157.08 and Fwd P/E is 9.35. Profit margin for the company is 0.60%. Distance from 52-week low is 21.36% and -24.71% from its 52-week high. The company has generated returns on investments over the last 12 months (8.20%).
Alaska Air Group Inc. (ALK) Analyst Forecasts
The EPS is expected to grow by 134.10% this year
Alaska Air Group Inc. (ALK) Top Institutional Holders
The shares outstanding are 126.78M, and float is at 126.36M with Short Float at 2.21%.
Alaska Air Group Inc. (ALK) Insider Activity
A total of 10 insider transactions have happened at Alaska Air Group Inc. (ALK) in the last six months, with sales accounting for 7 and purchases happening 3 times. The most recent transaction is an insider sale by HARRISON ANDREW R, the company’s EVP AND CCO. SEC filings show that HARRISON ANDREW R sold 3,275 shares of the company’s common stock on Sep 08 at a price of $45.90 per share for a total of $0.15 million. Following the sale, the insider now owns 10877.0 shares.
Alaska Air Group Inc. disclosed in a document filed with the SEC on Jul 29 that HARRISON ANDREW R (EVP AND CCO) sold a total of 2,267 shares of the company’s common stock. The trade occurred on Jul 29 and was made at $44.13 per share for $0.1 million. Following the transaction, the insider now directly holds 14152.0 shares of the ALK stock.
Still, SEC filings show that on Jun 09, TACKETT SHANE R (EVP AND CFO) disposed off 2,000 shares at an average price of $46.97 for $93940.0. The insider now directly holds 9,966 shares of Alaska Air Group Inc. (ALK).
Alaska Air Group Inc. (ALK): Who are the competitors?
The company’s main competitors (and peers) include Southwest Airlines Co. (LUV) that is trading -17.77% down over the past 12 months and Delta Air Lines Inc. (DAL) that is -12.75% lower over the same period. United Airlines Holdings Inc. (UAL) is -6.45% down on the 1-year trading charts.