During the last session, Allegiant Travel (NASDAQ:ALGT)’s traded shares were 0.37 million, with the beta value of the company hitting 1.78. At the end of the trading day, the stock’s price was $44.16, reflecting an intraday gain of 1.80% or $0.78. The 52-week high for the ALGT share is $107.57, that puts it down -143.59 from that peak though still a striking 18.3% gain since the share price plummeted to a 52-week low of $36.08. The company’s market capitalization is $809.82M, and the average intraday trading volume over the past 10 days was 0.53 million shares, and the average trade volume was 465.70K shares over the past three months.
Allegiant Travel (ALGT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.79. 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 1.54.
Allegiant Travel (NASDAQ:ALGT) trade information
Allegiant Travel (ALGT) registered a 1.80% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.80% in intraday trading to $44.16, hitting a weekly high. The stock’s 5-day price performance is -4.79%, and it has moved by -21.10% in 30 days. Based on these gigs, the overall price performance for the year is -27.03%. The short interest in Allegiant Travel (NASDAQ:ALGT) is 1.48 million shares and it means that shorts have 2.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $86.5, which implies an increase of 48.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $83 and $90 respectively. As a result, ALGT is trading at a discount of -103.8% off the target high and -87.95% off the low.
Allegiant Travel (ALGT) estimates and forecasts
In the rating firms’ projections, revenue will increase 7.38% compared to the previous financial year.
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 694.5M as predicted by 9 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 709.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 656.41M and 666.28M respectively. In this case, analysts expect current quarter sales to grow by 5.80% and then jump by 6.50% in the coming quarter.
ALGT Dividends
Allegiant Travel is due to release its next quarterly earnings on 2025-Feb-03. 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 0.60, with the dividend yield indicating at 1.36 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 22.89% of total outstanding shares while institutional holders control 85.54%, with the float percentage being 110.93%. BLACKROCK INC. is the largest shareholder of the company, while 279.0 institutions own stock in it. As of 2024-06-30, the company held over 2.56 million shares (or 14.352% 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.
Also, the Mutual Funds coming in first place with the largest holdings of Allegiant Travel (ALGT) shares are iShares Trust-iShares Core S&P Small-Cap ETF and American Century ETF Trust-Avantis U.S. Small Cap Value ETF . Data provided on Mar 31, 2025 indicates that iShares Trust-iShares Core S&P Small-Cap ETF owns about 899.22 shares. This amounts to just over 4.90 percent of the company’s overall shares, with a $39.71 million market value. The same data shows that the other fund manager holds slightly less at 531.8, or about 2.90% of the stock, which is worth about $23.48 million.
