Alaska Air Group Inc (NYSE: ALK) is -33.56% 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 $41.91 in the last trading session, with the day’s gains setting it 1.11%.
Currently trading at $43.02, the stock is -5.14% and -22.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.65 million and changing 2.65% at the moment leaves the stock -16.62% off its SMA200. ALK registered -2.74% loss for a year compared to 6-month gain of -6.13%. The firm has a 50-day simple moving average (SMA 50) of $55.2946 and a 200-day simple moving average (SMA200) of $51.5949.
The stock witnessed a -18.06% loss in the last 1 month and extending the period to 3 months gives it a -38.94%, and is -1.51% 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 4.66% over the week and 6.89% over the month.
Alaska Air Group Inc (ALK) has around 33941 employees, a market worth around $5.28B and $12.64B in sales. Current P/E ratio is 15.63 and Fwd P/E is 6.70. Profit margin for the company is 2.86%. Distance from 52-week low is 31.88% and -44.90% from its 52-week high. The company has generated returns on investments over the last 12 months (3.73%).
The EPS is expected to shrink by -18.42% this year.
Alaska Air Group Inc (ALK) Top Institutional Holders
668.0 institutions hold shares in Alaska Air Group Inc (ALK), with institutional investors hold 93.06% of the company’s shares. The shares outstanding are 122.88M, and float is at 122.15M with Short Float at 4.09%. Institutions hold 92.55% 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).
