In last trading session, Allegiant Travel (NASDAQ:ALGT) saw 0.45 million shares changing hands with its beta currently measuring 1.62. Company’s recent per share price level of $73.72 trading at $2.61 or 3.67% at ring of the bell on the day assigns it a market valuation of $1.35B. That closing price of ALGT’s stock is at a discount of -16.54% from its 52-week high price of $85.91 and is indicating a premium of 51.06% from its 52-week low price of $36.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.57 million shares which gives us an average trading volume of 409.81K if we extend that period to 3-months.
For Allegiant Travel (ALGT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.83. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.48 in the current quarter.
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Allegiant Travel (NASDAQ:ALGT) trade information
Upright in the green during last session for gaining 3.67%, in the last five days ALGT remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $73.72 price level, adding 0.93% to its value on the day. Allegiant Travel’s shares saw a change of -10.76% in year-to-date performance and have moved 17.00% in past 5-day. Allegiant Travel (NASDAQ:ALGT) showed a performance of 28.59% in past 30-days. Number of shares sold short was 1.85 million shares which calculate 4.31 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 64 to the stock, which implies a fall of -15.19% to its current value. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 296. It follows that stock’s current price would jump 45.74% in reaching the projected high whereas dropping to the targeted low would mean a gain of 45.74% for stock’s current value.
Allegiant Travel (ALGT) estimates and forecasts
Statistics highlight that Allegiant Travel is scoring comparatively lower than the scores of other players of the relevant industry. The company added 37.95% of value to its shares in past 6 months, showing an annual growth rate of -85.77% while that of industry is -14.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -0.40% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 613.13M for the same. And 5 analysts are in estimates of company making revenue of 694.33M in the next quarter. Company posted 611M and 656.41M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -8.85% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -86.48% while estimates for its earnings growth in next 5 years are of -2.24%.
ALGT Dividends
Allegiant Travel is more likely to be releasing its next quarterly report on 2025-Feb-03 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.44%, the share has a forward dividend of 1.80 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.79%.
Allegiant Travel (NASDAQ:ALGT)’s Major holders
Insiders are in possession of 16.42% of company’s total shares while institution are holding 89.11 percent of that, with stock having share float percentage of 106.62%. Investors also watch the number of corporate investors in a company very closely, which is 89.11% institutions for Allegiant Travel that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at ALGT for having 2.56 million shares of worth $128.52 million. And as of 2024-06-30, it was holding 14.4853 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.78 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.1015 of outstanding shares, having a total worth of $89.63 million.
