Allegiant Travel (NASDAQ:ALGT)’s traded shares stood at 0.44 million during the last session, with the company’s beta value hitting 1.64. At the close of trading, the stock’s price was $57.81, to imply an increase of 5.11% or $2.81 in intraday trading. The ALGT share’s 52-week high remains $85.91, putting it -48.61% down since that peak but still an impressive 37.59% since price per share fell to its 52-week low of $36.08. The company has a valuation of $1.06B, with an average of 0.47 million shares in intraday trading volume over the past 10 days and average of 442.47K shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Allegiant Travel (ALGT), translating to a mean rating of 2.83. Of 8 analyst(s) looking at the stock, 1 analyst(s) give ALGT a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -2.39.

Allegiant Travel (NASDAQ:ALGT) trade information

After registering a 5.11% upside in the last session, Allegiant Travel (ALGT) has traded red over the past five days. The 5-day price performance for the stock is 9.28%, and 41.17% over 30 days. With these gigs, the year-to-date price performance is -30.02%. Short interest in Allegiant Travel (NASDAQ:ALGT) saw shorts transact 1.95 million shares and set a 6.0 days time to cover.

The extremes give us $40 and $296 for target low and target high price respectively. As such, ALGT has been trading -412.02% off suggested target high and 30.81% from its likely low.

Allegiant Travel (ALGT) estimates and forecasts

Looking at statistics comparing Allegiant Travel share performance against respective industry, we note that the company has underperformed competitors. Allegiant Travel (ALGT) shares are -11.92% down over the last 6 months, with its year-to-date growth rate lower than industry average at -80.98% against -19.40%. Revenue is forecast to shrink -2,755.60% this quarter before jumping 436.40% for the next one. The rating firms project that company’s revenue will shrink -0.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 8 analysts is 560.29M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 627.79M.Earnings reports from the last fiscal year show that sales brought in 580.05M and 611M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -3.40% before jumping 2.70% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -8.85% for the past 5-year period. While 2024 is set for a -92.65% return in earnings, projections for the next 5 years are at 2.40% annually.

ALGT Dividends

Allegiant Travel has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Allegiant Travel has a forward dividend ratio of 1.80, with the share yield ticking at 3.11% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.79%.

Allegiant Travel (NASDAQ:ALGT)’s Major holders

Allegiant Travel insiders hold 16.64% of total outstanding shares, with institutional holders owning 92.28% of the shares at 110.70% float percentage. In total, 92.28% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 2.56 million shares (or 14.4853% of shares), all amounting to roughly $128.52 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.78 million shares, or about 10.1015% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $89.63 million.