Allegiant Travel (NASDAQ:ALGT)’s traded shares stood at 0.6 million during the last session, with the company’s beta value hitting 1.55. At the close of trading, the stock’s price was $54.96, to imply an increase of 3.64% or $1.93 in intraday trading. The ALGT share’s 52-week high remains $107.57, putting it -95.72% down since that peak but still an impressive 34.35% since price per share fell to its 52-week low of $36.08. The company has a valuation of $1.01B, with an average of 0.64 million shares in intraday trading volume over the past 10 days and average of 412.44K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Allegiant Travel (ALGT), translating to a mean rating of 2.86. 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 1.75.
Allegiant Travel (NASDAQ:ALGT) trade information
After registering a 3.64% 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 1.35%, and -36.07% over 30 days. With these gigs, the year-to-date price performance is -41.61%. Short interest in Allegiant Travel (NASDAQ:ALGT) saw shorts transact 1.35 million shares and set a 3.35 days time to cover.
The extremes give us $83 and $83 for target low and target high price respectively. As such, ALGT has been trading -51.02% off suggested target high and -51.02% from its likely low.
Allegiant Travel (ALGT) estimates and forecasts
The rating firms project that company’s revenue will grow 11.99% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 700M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 751.11M.Earnings reports from the last fiscal year show that sales brought in 656.41M and 666.28M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.64% before jumping 12.73% in the following quarter.
ALGT Dividends
Allegiant Travel has its next earnings report out on 2025-Feb-03. 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 0.60, with the share yield ticking at 1.09% 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 22.96% of total outstanding shares, with institutional holders owning 85.59% of the shares at 111.09% float percentage. In total, 85.59% 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.
We also have iShares Core S&P Small-Cap ETF and FRANKLIN SMALL CAP GROWTH FUND as the top two Mutual Funds with the largest holdings of the Allegiant Travel (ALGT) shares. Going by data provided on Jan 31, 2025 , iShares Core S&P Small-Cap ETF holds roughly 936.61 shares. This is just over 5.11% of the total shares, with a market valuation of $51.48 million. Data from the same date shows that the other fund manager holds a little less at 542.38, or 2.96% of the shares, all valued at about 29.81 million.
