American Airlines Group Inc. (NASDAQ:AAL) price on Thursday, August 26, fall -1.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.90.
A look at the stock’s price movement, the close in the last trading session was $20.15, moving within a range at $19.58 and $20.44. The beta value (5-Year monthly) was 1.85. Turning to its 52-week performance, $26.09 and $10.63 were the 52-week high and 52-week low respectively. Overall, AAL moved -8.00% over the past month.
American Airlines Group Inc.’s market cap currently stands at around $13.04 billion, with investors looking forward to this quarter’s earnings report slated for Oct 20, 2021 – Oct 25, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.64, which has seen fiscal year 2021 EPS growth forecast to increase to -$6.95 and about $0.9 for fiscal year 2022. Per the data, EPS growth is expected to be 64.60% for 2021 and 112.90% for the next financial year.
Analysts have a consensus estimate of $9.48 billion for the company’s revenue for the quarter, with a low and high estimate of $9.04 billion and $9.67 billion respectively. The average forecast suggests up to a 243.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $30.68 billion, representing a 76.90% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AAL is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
22 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 10 analyst(s) rate the stock as a Hold, 4 recommend AAL as a Buy and 1 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 6 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AAL’s current price about -0.62% and -4.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.80, while 7-day volatility ratio is 3.54% and 3.96% in the 30-day chart. Further, American Airlines Group Inc. (AAL) has a beta value of 1.79, and an average true range (ATR) of 0.86. Analysts have given the company’s stock an average 52-week price target of $19.64, forecast between a low of $5.00 and high of $29.00. Looking at the price targets, the low is 74.87% off current price level while to achieve the yearly target high, price needs to move -45.73%. Nonetheless, investors will most likely welcome a -3.02% jump to $20.50 which is the analysts’ median price.
In the market, a comparison of American Airlines Group Inc. (AAL) and its peers suggest the former has performed considerably weaker. Data shows AAL’s intraday price has changed -1.24% in last session and 55.65% over the past year. Comparatively, Southwest Airlines Co. (LUV) has moved -1.91% on the day and only 38.18% in the past 12 months. Looking at another peer, we see that Delta Air Lines Inc. (DAL) price has dipped -1.28% on the day. However, the stock is 36.13% off its price a year ago. Moreover, United Airlines Holdings Inc. (UAL) is also down -1.22% in trading on the day while keeping a an uptrend of 37.26% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on American Airlines Group Inc. (NASDAQ:AAL), historical trading data shows that trading volumes averaged 27.24 million over the past 10 days and 30.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 644.12 million shares.
The 0.20% of American Airlines Group Inc.’s shares are in the hands of company insiders while institutional holders own 54.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 83.76 million on May 27, 2021, giving us a short ratio of 2.52. The data shows that as of May 27, 2021 short interest in American Airlines Group Inc. (AAL) stood at 13.06% of shares outstanding, with shares short falling to 90.79 million registered in Apr 29, 2021. Current price change has pushed the stock 26.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AAL stock continues to rise going into the next quarter.