During the last session, Allegiant Travel (NASDAQ:ALGT)’s traded shares were 0.32 million, with the beta value of the company hitting 1.64. At the end of the trading day, the stock’s price was $58.37, reflecting an intraday gain of 1.81% or $1.04. The 52-week high for the ALGT share is $85.91, that puts it down -47.18 from that peak though still a striking 38.19% gain since the share price plummeted to a 52-week low of $36.08. The company’s market capitalization is $1.07B, and the average intraday trading volume over the past 10 days was 0.51 million shares, and the average trade volume was 428.74K shares over the past three months.
Allegiant Travel (ALGT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.83. ALGT has a Sell rating from 1 analyst(s) out of 8 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -2.08.
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Allegiant Travel (NASDAQ:ALGT) trade information
Allegiant Travel (ALGT) registered a 1.81% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.81% in intraday trading to $58.37, hitting a weekly high. The stock’s 5-day price performance is 0.97%, and it has moved by 39.41% in 30 days. Based on these gigs, the overall price performance for the year is -21.77%. The short interest in Allegiant Travel (NASDAQ:ALGT) is 1.7 million shares and it means that shorts have 4.44 day(s) to cover.
The consensus price target of analysts on Wall Street is $64, which implies an increase of 8.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $296 respectively. As a result, ALGT is trading at a discount of -407.11% off the target high and 31.47% off the low.
Allegiant Travel (ALGT) estimates and forecasts
Statistics show that Allegiant Travel has underperformed its competitors in share price, compared to the industry in which it operates. Allegiant Travel (ALGT) shares have gone down -4.70% during the last six months, with a year-to-date growth rate less than the industry average at -79.89% against -18.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -2,411.10% this quarter and then jump 590.90% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 563.86M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 631.54M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 580.05M and 611M respectively. In this case, analysts expect current quarter sales to shrink by -2.80% and then jump by 3.40% 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 -8.85%. While earnings are projected to return -84.62% in 2024, the next five years will return 3.58% per annum.
ALGT Dividends
Allegiant Travel is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Allegiant Travel is 1.80, with the dividend yield indicating at 3.08 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.79%.
Allegiant Travel (NASDAQ:ALGT)’s Major holders
Allegiant Travel insiders own 16.47% of total outstanding shares while institutional holders control 92.81%, with the float percentage being 111.11%. BLACKROCK INC. is the largest shareholder of the company, while 284.0 institutions own stock in it. As of 2024-06-30, the company held over 2.56 million shares (or 14.4853% of all shares), a total value of $128.52 million in shares.
The next largest institutional holding, with 1.78 million shares, is of VANGUARD GROUP INC’s that is approximately 10.1015% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $89.63 million.
