Alaska Air Group Inc (NYSE:ALK) has a beta value of 1.34 and has seen 1.06 million shares traded in the recent trading session. The company, currently valued at $6.36B, closed the recent trade at $51.70 per share which meant it lost -$1.94 on the day or -3.62% during that session. The ALK stock price is -51.03% off its 52-week high price of $78.08 and 36.91% above the 52-week low of $32.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.51 million shares traded. The 3-month trading volume is 3.04 million shares.
The consensus among analysts is that Alaska Air Group Inc (ALK) is Buy stock at the moment, with a recommendation rating of 1.39. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 10 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.58.
Alaska Air Group Inc (NYSE:ALK) trade information
Sporting -3.62% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ALK stock price touched $51.70 or saw a rise of 22.21%. Year-to-date, Alaska Air Group Inc shares have moved -20.16%, while the 5-day performance has seen it change -22.02%. Over the past 30 days, the shares of Alaska Air Group Inc (NYSE:ALK) have changed -31.13%. Short interest in the company has seen 6.39 million shares shorted with days to cover at 2.52.
Wall Street analysts have a consensus price target for the stock at $62, which means that the shares’ value could jump 16.61% from the levels at last check today. The projected low price target is $45.0 while the price target rests at a high of $75.0. In that case, then, we find that the latest price level in today’s session is -45.07% off the targeted high while a plunge would see the stock lose 12.96% from the levels at last check today.
Alaska Air Group Inc (ALK) estimates and forecasts
The company’s shares have gained 29.89% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 26.59%.
10 analysts offering their estimates for the company have set an average revenue estimate of 3.21B for the current quarter. 10 have an estimated revenue figure of 3.92B for the next ending quarter. Year-ago sales stood 2.23B and 2.9B respectively for this quarter and the next, and analysts expect sales will grow by 43.99% for the current quarter and 26.59% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -13.04% over the past 5 years. Earnings growth for 2025 is a modest 24.02% while over the next 5 years, the company’s earnings are expected to increase by 27.47%.
ALK Dividends
Alaska Air Group Inc is expected to release its next earnings report on 2025-Jan-22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Alaska Air Group Inc (NYSE:ALK)’s Major holders
Insiders own 0.51% of the company shares, while shares held by institutions stand at 91.87% with a share float percentage of 92.34%. Investors are also buoyed by the number of investors in a company, with Alaska Air Group Inc having a total of 669.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 16.24 million shares worth more than $655.94 million. As of 2024-06-30, BLACKROCK INC. held 12.8889% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 13.69 million shares as of 2024-06-30. The firm’s total holdings are worth over $553.25 million and represent 10.871% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Dec 31, 2024, the former fund manager holds about 6.65% shares in the company for having 8.19 shares of worth $421.87 million while later fund manager owns 4.02 shares of worth $206.91 million as of Dec 31, 2024, which makes it owner of about 3.26% of company’s outstanding stock.
