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American Airlines Group Inc (AAL) Analysis & Forecast for 2024

American Airlines Group Inc (NASDAQ: AAL) is -4.29% lower on its value in year-to-date trading and has touched a low of $10.86 and a high of $19.08 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 AAL stock was last observed hovering at around $13.62 in the last trading session, with the day’s loss setting it -0.47%.

Currently trading at $13.15, the stock is -8.39% and -10.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 35.02 million and changing -3.45% at the moment leaves the stock -7.74% off its SMA200. AAL registered 1.15% gain for a year compared to 6-month gain of 5.37%.

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The stock witnessed a -6.07% loss in the last 1 month and extending the period to 3 months gives it a -9.87%, and is -4.43% 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 3.09% over the week and 2.65% over the month.

American Airlines Group Inc (AAL) has around 132100 employees, a market worth around $8.61B and $52.79B in sales. Current P/E ratio is 12.09 and Fwd P/E is 4.09. Profit margin for the company is 1.56%. Distance from 52-week low is 21.09% and -31.08% from its 52-week high. The company has generated returns on investments over the last 12 months (2.69%).

The EPS is expected to shrink by -11.72% this year.

American Airlines Group Inc (AAL) Top Institutional Holders

The shares outstanding are 654.27M, and float is at 641.67M with Short Float at 6.32%.

American Airlines Group Inc (AAL) Insider Activity

The most recent transaction is an insider sale by Raja Vasu,the company’sEVP Chief Commercial Officer. SEC filings show that Raja Vasu sold 7,545 shares of the company’s common stock on Dec 14 ’23 at a price of $14.30 per share for a total of $0.11 million. Following the sale, the insider now owns 0.32 million shares.

American Airlines Group Inc disclosed in a document filed with the SEC on Nov 21 ’23 that Raja Vasu (EVP Chief Commercial Officer) sold a total of 5,121 shares of the company’s common stock. The trade occurred on Nov 21 ’23 and was made at $12.29 per share for $62937.0. Following the transaction, the insider now directly holds 0.33 million shares of the AAL stock.

Still, SEC filings show that on Nov 20 ’23, Raja Vasu (EVP Chief Commercial Officer) disposed off 5,298 shares at an average price of $12.23 for $64795.0. The insider now directly holds 339,170 shares of American Airlines Group Inc (AAL).

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