Alaska Air Group Inc (NYSE: ALK) is 38.62% higher on its value in year-to-date trading and has touched a low of $32.62 and a high of $56.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALK stock was last observed hovering at around $54.34 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $54.16, the stock is 2.02% and 10.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing -0.33% at the moment leaves the stock 28.63% off its SMA200. ALK registered 50.57% gain for a year compared to 6-month gain of 30.98%. The firm has a 50-day simple moving average (SMA 50) of $48.636 and a 200-day simple moving average (SMA200) of $42.0284.
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The stock witnessed a 6.22% loss in the last 1 month and extending the period to 3 months gives it a 36.08%, and is 1.88% 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 3.05% over the week and 2.42% over the month.
Alaska Air Group Inc (ALK) has around 26043 employees, a market worth around $6.69B and $10.75B in sales. Current P/E ratio is 21.78 and Fwd P/E is 9.76. Profit margin for the company is 2.99%. Distance from 52-week low is 66.03% and -4.90% from its 52-week high. The company has generated returns on investments over the last 12 months (3.26%).
The EPS is expected to shrink by -7.01% this year.
Alaska Air Group Inc (ALK) Top Institutional Holders
594.0 institutions hold shares in Alaska Air Group Inc (ALK), with institutional investors hold 88.70% of the company’s shares. The shares outstanding are 126.94M, and float is at 126.39M with Short Float at 7.05%. Institutions hold 88.29% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.24 million shares valued at $655.94 million. The investor’s holdings represent 12.8889% of the ALK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.69 million shares valued at $553.25 million to account for 10.871 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.5 million shares representing 5.1636% and valued at over $262.79 million, while STATE STREET CORP holds 3.156 of the shares totaling 3.98 million with a market value of $160.62 million.
Alaska Air Group Inc (ALK) Insider Activity
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 6,500 shares of the company’s common stock on Feb 28 ’24 at a price of $38.36 per share for a total of $0.25 million. Following the sale, the insider now owns 26048.0 shares.
