In the last trading session, 3.68 million Alaska Air Group Inc (NYSE:ALK) shares changed hands as the company’s beta touched 1.32. With the company’s per share price at $52.34 changed hands at -$2.81 or -5.10% during last session, the market valuation stood at $6.44B. ALK’s last price was a discount, traded about -49.18% off its 52-week high of $78.08. The share price had its 52-week low at $32.62, which suggests the last value was 37.68% up since then. When we look at Alaska Air Group Inc’s average trading volume, we note the 10-day average is 3.86 million shares, with the 3-month average coming to 2.99 million.
Analysts gave the Alaska Air Group Inc (ALK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.39. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ALK as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Alaska Air Group Inc’s EPS for the current quarter is expected to be -0.69.
Alaska Air Group Inc (NYSE:ALK) trade information
Instantly ALK was in red as seen at the end of in last trading. With action -2.42%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -19.17%, with the 5-day performance at -2.42% in the red. However, in the 30-day time frame, Alaska Air Group Inc (NYSE:ALK) is -30.90% down. Looking at the short shares, we see there were 6.39 million shares sold at short interest cover period of 2.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 62, meaning bulls need an upside of 15.58% from its current market value. According to analyst projections, ALK’s forecast low is 45 with 75 as the target high. To hit the forecast high, the stock’s price needs a -43.29% plunge from its current level, while the stock would need to tank 14.02% for it to hit the projected low.
Alaska Air Group Inc (ALK) estimates and forecasts
Year-over-year growth is forecast to reach 26.13% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 3.19B. 11 analysts are of the opinion that Alaska Air Group Inc’s revenue for the current quarter will be 3.89B. The company’s revenue for the corresponding quarters a year ago was 2.23B and 2.9B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 42.91%. The estimates for the next quarter sales put growth at 34.43%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -13.04%. The 2025 estimates are for Alaska Air Group Inc earnings to increase by 20.70%, but the outlook for the next 5-year period is at 26.95% per year.
ALK Dividends
Alaska Air Group Inc is expected to release its next quarterly earnings report on 2025-Jan-22. During the past 5 years, the average dividend yield was 1.95 per year.
Alaska Air Group Inc (NYSE:ALK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.51% of Alaska Air Group Inc shares while 91.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.34%. There are 91.87% institutions holding the Alaska Air Group Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 12.8889% of the shares, roughly 16.24 million ALK shares worth $655.94 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.871% or 13.69 million shares worth $553.25 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund . With 8.16 shares estimated at $426.94 million under it, the former controlled 6.63% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.26% of the shares, roughly 4.02 shares worth around $210.21 million.
