Allegiant Travel (NASDAQ: ALGT) is 9.42% higher on its value in year-to-date trading and has touched a low of $36.08 and a high of $105.15 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 ALGT stock was last observed hovering at around $102.34 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $102.99, the stock is 9.39% and 21.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.64% at the moment leaves the stock 71.23% off its SMA200. ALGT registered 43.36% gain for a year compared to 6-month gain of 108.57%. The firm has a 50-day simple moving average (SMA 50) of $84.8196 and a 200-day simple moving average (SMA200) of $60.14845.
The stock witnessed a 22.00% loss in the last 1 month and extending the period to 3 months gives it a 65.10%, and is 2.03% 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 3.57% over the week and 4.65% over the month.
Allegiant Travel (ALGT) has around 5643 employees, a market worth around $1.89B and $2.50B in sales. Fwd P/E is 15.76. Profit margin for the company is -1.08%. Distance from 52-week low is 185.41% and -2.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.86%).
with sales reaching $628.7M over the same period.The EPS is expected to shrink by -68.33% this year, but quarterly earnings will post 0.12% year-over-year. Quarterly sales are estimated to grow 2.90% in year-over-year returns.
Allegiant Travel (ALGT) Top Institutional Holders
278.0 institutions hold shares in Allegiant Travel (ALGT), with institutional investors hold 116.91% of the company’s shares. The shares outstanding are 18.36M, and float is at 14.33M with Short Float at 6.89%. Institutions hold 90.08% 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 Morgan Sandra Douglass, the company’s Director. SEC filings show that Morgan Sandra Douglass sold 350 shares of the company’s common stock on Nov 27 ’24 at a price of $80.77 per share for a total of $28270.0. Following the sale, the insider now owns 11650.0 shares.
Allegiant Travel disclosed in a document filed with the SEC on Nov 25 ’24 that GALLAGHER MAURICE J JR (Executive Chairman) sold a total of 28,319 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $84.46 per share for $2.39 million. Following the transaction, the insider now directly holds 2.15 million shares of the ALGT stock.
Still, SEC filings show that on Nov 26 ’24, GALLAGHER MAURICE J JR (Executive Chairman) disposed off 10,382 shares at an average price of $81.17 for $0.84 million. The insider now directly holds 2,137,348 shares of Allegiant Travel (ALGT).
