With 2.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.84 million shares. The 52-week range on ALK shows that it touched its highest point at $78.08 and its lowest point at $32.62 during that stretch. It currently has a 1-year price target of $63.86. Beta for the stock currently stands at 1.44.
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 down-trending over the past week, with a drop of -2.54%, but this was up by 1.54% over a month. Three-month performance dropped to -18.47% while six-month performance fell -4.61%. The stock gained 20.94% in the past year, while it has lost -21.68% so far this year. A look at the trailing 12-month EPS for ALK yields 2.75 with Next year EPS estimates of 6.32. For the next quarter, that number is 1.59. This implies an EPS growth rate of -24.59% for this year and 72.16% for next year. EPS is expected to grow by 19.48% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.04%.
Float and Shares Shorts:
At present, 122.88 million ALK shares are outstanding with a float of 120.75 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 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.
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 $4.37922 being high and $4.33932 being low. For ALK, this leads to a yearly average estimate of $4.35927.
