American Airlines Group Inc (NASDAQ:AAL) shares, rose in value, with the stock price up by 0.87% to the previous day’s close as strong demand from buyers drove the stock to $13.94.
Actively observing the price movement in the last trading, the stock closed the session at $13.82, falling within a range of $13.61 and $13.99. The value of beta (5-year monthly) was 1.436 whereas the PE ratio was 43.29 over 12-month period. Referring to stock’s 52-week performance, its high was $16.15, and the low was $9.07. On the whole, AAL has fluctuated by 27.89% over the past month.
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With the market capitalization of American Airlines Group Inc currently standing at about $9.16 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 53.68B, with a low estimate of 12.98B and a high estimate of 13.5B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 13.16B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AAL’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of AAL currently trading nearly 11.52% and 21.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.02, while the 7-day volatility ratio is showing 4.90% which for the 30-day chart, stands at 3.79%. Furthermore, American Airlines Group Inc (AAL)’s beta value is 1.43, and its average true range (ATR) is 0.51.
A comparison of American Airlines Group Inc (AAL) with its peers suggests the former has fared considerably weaker in the market. AAL showed an intraday change of 0.87% in last session, and over the past year, it grew by 24.69%%.
Data on historical trading for American Airlines Group Inc (NASDAQ:AAL) indicates that the trading volumes over the past 10 days have averaged 34.89 and over the past 3 months, they’ve averaged 35.51 million. According to company’s latest data on outstanding shares, there are 654.27 million shares outstanding.
Nearly 1.33% of American Airlines Group Inc’s shares belong to company insiders and institutional investors own 61.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 81.87 million shares as on 2024-10-15, resulting in a short ratio of 2.04. According to the data, the short interest in American Airlines Group Inc (AAL) stood at 1414.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 95.52 million. The stock has risen by 1.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AAL stock heading into the next quarter.
