American Airlines Group Inc. (NASDAQ:AAL) price is hovering lower on Tuesday, July 05, dropping -0.76% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $13.13, with intraday deals fluctuating between $12.52 and $13.18. The company’s 5Y monthly beta was ticking 1.59. Taking into account the 52-week price action we note that the stock hit a 52-week high of $22.35 and 52-week low of $11.93. The stock subtracted -24.06% on its value in the past month.
American Airlines Group Inc., which has a market valuation of $8.24 billion, is expected to release its quarterly earnings report Apr 20, 2022 – Apr 25, 2022. Analysts tracking AAL have forecast the quarterly EPS to grow by 0.53 per share this quarter, while the same analysts predict the annual EPS to hit -$1.5 for the year 2022 and up to $2.22 for 2023. In this case, analysts estimate an annual EPS growth of 82.10% for the year and 248.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $12.81 billion, with the likely lows of $12.75 billion and highs of $12.92 billion. The average estimate suggests sales growth for the quarter will likely rise by 71.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $46.17 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 54.50% above that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 2 upward and no downward reviews. On the technical perspective front, indicators give AAL a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 21 analysts have assigned AAL a recommendation rating as follows: 16 rate it as a Hold; 2 advise Buy while 1 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the American Airlines Group Inc. (AAL) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AAL’s price is at present -6.64% off the SMA20 and -19.64% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 39.59, with weekly volatility standing at 5.19%. The indicator jumps to 5.66% when calculated based on the past 30 days. American Airlines Group Inc. (NASDAQ:AAL)’s beta value is holding at 1.55, while the average true range (ATR) indicator is currently reading 0.86. Considering analysts have assigned the stock a price target range of $9.00-$28.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $19.50. Based on this estimate, we see that today’s price at last check is roughly 30.93% off the estimated low and -114.89% off the forecast high. Investors will no doubt be excited to see the share price fall to $19.60, which is the median consensus price, and at that level AAL would be -50.42% from recent price.
Turning out attention to how the American Airlines Group Inc. stock has performed in comparison to its peers in the industry, here’s what we find: AAL’s stock is -0.76% on the day and -38.96% in the past 12 months, while Southwest Airlines Co. (LUV) traded -2.85% in the latest session and is positioned -31.80% down on its price 12 months ago. Another comparison is with Delta Air Lines Inc. (DAL) whose stock price is down -2.78% in the current trading session, and has flourished -33.26% over the past year. Also, United Airlines Holdings Inc. (UAL) is currently showing down trend of -2.99% while its price kept floating at -31.35% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -1.98% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -2.26%.
An analysis of the American Airlines Group Inc. (NASDAQ:AAL) stock in terms of its daily trading volume indicates that the 3-month average is 36.36 million.
Current records show that the company has 649.50M in outstanding shares. The insiders’ percentage holdings are 1.20% of outstanding shares while the percentage share held by institutions stands at 56.00%. But the -26.89% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.