American Airlines Group Inc (NASDAQ: AAL) At $14.16 Is Worth A Gamble

During the last session, American Airlines Group Inc (NASDAQ:AAL)’s traded shares were 33.34 million, with the beta value of the company hitting 1.57. At the end of the trading day, the stock’s price was $14.16, reflecting an intraday loss of -1.67% or -$0.24. The 52-week high for the AAL share is $19.08, that puts it down -34.75 from that peak though still a striking 23.31% gain since the share price plummeted to a 52-week low of $10.86. The company’s market capitalization is $9.27B, and the average intraday trading volume over the past 10 days was 26.21 million shares, and the average trade volume was 34.10 million shares over the past three months.

American Airlines Group Inc (NASDAQ:AAL) trade information

American Airlines Group Inc (AAL) registered a -1.67% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.67% in intraday trading to $14.16, hitting a weekly high. The stock’s 5-day price performance is -5.09%, and it has moved by -4.39% in 30 days. Based on these gigs, the overall price performance for the year is -4.00%. The short interest in American Airlines Group Inc (NASDAQ:AAL) is 45.56 million shares and it means that shorts have 1.54 day(s) to cover.

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American Airlines Group Inc (AAL) estimates and forecasts

Statistics show that American Airlines Group Inc has underperformed its competitors in share price, compared to the industry in which it operates. American Airlines Group Inc (AAL) shares have gone up 11.06% during the last six months, with a year-to-date growth rate less than the industry average at -3.40% against -2.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -660.00% this quarter and then drop -31.20% in the quarter after that. In the rating firms’ projections, revenue will increase 4.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $12.56 billion as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $14.49 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $12.2 billion and $14.05 billion respectively. In this case, analysts expect current quarter sales to grow by 2.90% and then jump by 3.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -17.73%. While earnings are projected to return -5.19% in 2024, the next five years will return 48.70% per annum.

AAL Dividends

American Airlines Group Inc is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

American Airlines Group Inc (NASDAQ:AAL)’s Major holders

American Airlines Group Inc insiders own 1.87% of total outstanding shares while institutional holders control 52.95%, with the float percentage being 53.96%. Vanguard Group Inc is the largest shareholder of the company, while 782 institutions own stock in it. As of Jun 29, 2023, the company held over 78.22 million shares (or 11.97% of all shares), a total value of $1.4 billion in shares.

The next largest institutional holding, with 37.32 million shares, is of Primecap Management Company’s that is approximately 5.71% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $669.48 million.

Also, the Mutual Funds coming in first place with the largest holdings of American Airlines Group Inc (AAL) shares are Vanguard Total Stock Market Index Fund and Vanguard/Primecap Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 20.31 million shares. This amounts to just over 3.11 percent of the company’s overall shares, with a $364.29 million market value. The same data shows that the other fund manager holds slightly less at 19.04 million, or about 2.91% of the stock, which is worth about $341.65 million.