With 3.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.43 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $51.905 whereas the lowest price it dropped to was $49.525. The 52-week range on ALK shows that it touched its highest point at $50.16 and its lowest point at $32.00 during that stretch. It currently has a 1-year price target of $56.25. Beta for the stock currently stands at 1.60.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALK was up-trending over the past week, with a rise of 9.20%, but this was up by 20.78% over a month. Three-month performance surged to 49.36% while six-month performance rose 19.24%. The stock gained 57.19% in the past year, while it has gained 32.12% so far this year. A look at the trailing 12-month EPS for ALK yields 2.49 with Next year EPS estimates of 5.42. For the next quarter, that number is 0.55. This implies an EPS growth rate of -10.66% for this year and 34.02% for next year. EPS is expected to grow by 15.38% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.33%.
Float and Shares Shorts:
At present, 126.09 million ALK shares are outstanding with a float of 125.62 million shares on hand for trading. On 2024-10-15, short shares totaled 10.29 million, which was 815.99995 higher than short shares on 1726185600. In addition to Mr. Benito Minicucci as the firm’s President, CEO & Director, Mr. Shane R. Tackett serves as its CFO & Executive VP of Finance.
Institutional Ownership:
Through their ownership of 0.90779996 of ALK’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ALK reported revenue of $2897000000.0 and operating income of $468000000.0. The EBITDA in the recently reported quarter was $620000000.0 and diluted EPS was $1.71.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALK since 10 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALK analysts setting a high price target of 70.0 and a low target of 45.0, the average target price over the next 12 months is 55.16. Based on these targets, ALK could surge 35.61% to reach the target high and fall by -12.82% to reach the target low. Reaching the average price target will result in a growth of 6.86% from current levels.
Analysts have provided yearly estimates in a range of $4.09464 being high and $4.00914 being low. For ALK, this leads to a yearly average estimate of $4.04714. The surprise factor in the prior quarter was $2.37. Based on analyst estimates, the high estimate for the next quarter is -$0.5 and the low estimate is -$0.94. The average estimate for the next quarter is thus -$0.71.
