Alaska Air Group Inc (NYSE: ALK) is -30.59% lower on its value in year-to-date trading and has touched a low of $32.62 and a high of $78.08 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 ALK stock was last observed hovering at around $43.68 in the last trading session, with the day’s gains setting it 1.26%.
Currently trading at $44.94, the stock is -4.89% and -22.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing 2.88% at the moment leaves the stock -12.72% off its SMA200. ALK registered 1.13% gain for a year compared to 6-month gain of -1.56%. The firm has a 50-day simple moving average (SMA 50) of $57.7282 and a 200-day simple moving average (SMA200) of $51.48695.
The stock witnessed a -14.93% loss in the last 1 month and extending the period to 3 months gives it a -34.76%, and is -0.16% 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 4.30% over the week and 6.42% over the month.
Alaska Air Group Inc (ALK) has around 33941 employees, a market worth around $5.52B and $11.73B in sales. Current P/E ratio is 14.72 and Fwd P/E is 6.63. Profit margin for the company is 3.37%. Distance from 52-week low is 37.76% and -42.44% from its 52-week high. The company has generated returns on investments over the last 12 months (3.91%).
with sales reaching $3.16B over the same period.The EPS is expected to grow by 0.14% this year, but quarterly earnings will post 23.74% year-over-year. Quarterly sales are estimated to grow 41.55% in year-over-year returns.
Alaska Air Group Inc (ALK) Top Institutional Holders
668.0 institutions hold shares in Alaska Air Group Inc (ALK), with institutional investors hold 93.14% of the company’s shares. The shares outstanding are 123.12M, and float is at 122.15M with Short Float at 4.00%. Institutions hold 92.62% 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 12.8514% 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 10.8395 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.5 million shares representing 5.1486% and valued at over $262.79 million, while STATE STREET CORP holds 3.1468 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 6,600 shares of the company’s common stock on Feb 20 ’25 at a price of $76.28 per share for a total of $0.5 million. Following the sale, the insider now owns 34030.0 shares.
Still, SEC filings show that on Feb 18 ’25, VON MUEHLEN CONSTANCE E (EVP AND COO) disposed off 22,157 shares at an average price of $75.12 for $1.66 million. The insider now directly holds 20,026 shares of Alaska Air Group Inc (ALK).
