With 1.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.37 million shares. The 52-week range on ALGT shows that it touched its highest point at $107.57 and its lowest point at $36.08 during that stretch. It currently has a 1-year price target of $99.33. With its current market cap of 1.02 billion, ALGT has annualized dividend of $0.60 while the current yield stands at 1.08%. Beta for the stock currently stands at 1.50.
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 ALGT was down-trending over the past week, with a drop of -19.82%, but this was down by -37.61% over a month. Three-month performance dropped to -32.80% while six-month performance rose 36.04%. The stock lost -25.46% in the past year, while it has lost -40.81% so far this year. A look at the trailing 12-month EPS for ALGT yields -13.38 with Next year EPS estimates of 9.39. For the next quarter, that number is 1.89. This implies an EPS growth rate of 204.73% for this year and 24.29% for next year.
Float and Shares Shorts:
At present, 18.41 million ALGT shares are outstanding with a float of 14.12 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALGT since 8 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.57573 being high and $1.90208 being low. For ALGT, this leads to a yearly average estimate of $2.40732. Based on analyst estimates, the high estimate for the next quarter is $3.6 and the low estimate is $2.45. The average estimate for the next quarter is thus $2.97.
