Allegiant Travel (NASDAQ: ALGT) is -21.30% lower on its value in year-to-date trading and has touched a low of $36.08 and a high of $85.91 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 ALGT stock was last observed hovering at around $62.96 in the last trading session, with the day’s gains setting it 2.05%.
Currently trading at $65.01, the stock is 6.71% and 26.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 3.26% at the moment leaves the stock 12.39% off its SMA200. ALGT registered -2.42% loss for a year compared to 6-month gain of 19.57%. The firm has a 50-day simple moving average (SMA 50) of $51.3362 and a 200-day simple moving average (SMA200) of $57.84325.
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The stock witnessed a 18.09% loss in the last 1 month and extending the period to 3 months gives it a 48.90%, and is 1.99% 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 7.31% over the week and 5.37% over the month.
Allegiant Travel (ALGT) has around 5643 employees, a market worth around $1.19B and $2.50B in sales. Fwd P/E is 12.04. Profit margin for the company is -0.63%. Distance from 52-week low is 80.16% and -24.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.50%).
The EPS is expected to shrink by -85.71% this year
279.0 institutions hold shares in Allegiant Travel (ALGT), with institutional investors hold 112.22% of the company’s shares. The shares outstanding are 18.27M, and float is at 15.27M with Short Float at 12.14%. Institutions hold 93.74% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.56 million shares valued at $128.52 million. The investor’s holdings represent 14.4853 of the ALGT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.78 million shares valued at $89.63 million to account for 10.1015 of the shares outstanding. The other top investors are DIAMOND HILL CAPITAL MANAGEMENT INC which holds 0.95 million shares representing 5.3546 and valued at over $47.51 million, while DONALD SMITH & CO., INC. holds 4.678 of the shares totaling 0.83 million with a market value of $41.51 million.
Allegiant Travel (ALGT) Insider Activity
The most recent transaction is an insider sale by Wilper Keny Frank, the company’s COO. SEC filings show that Wilper Keny Frank sold 635 shares of the company’s common stock on Oct 23 ’24 at a price of $62.69 per share for a total of $39808.0. Following the sale, the insider now owns 16353.0 shares.
Still, SEC filings show that on Oct 04 ’24, Wilper Keny Frank (COO) disposed off 296 shares at an average price of $55.96 for $16564.0. The insider now directly holds 17,398 shares of Allegiant Travel (ALGT).