American Airlines Group Inc (NASDAQ:AAL) price on Wednesday, November 13, rose 0.72% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $14.01.
A look at the stock’s price movement, the close in the last trading session was $13.91, moving within a range at $13.97 and $14.48. The beta value (5-Year monthly) was 1.399 while the PE ratio in trailing twelve months stood at 43.51. Turning to its 52-week performance, $16.15 and $9.07 were the 52-week high and 52-week low respectively. Overall, AAL moved 16.46% over the past month.
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American Airlines Group Inc’s market cap currently stands at around $9.21 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 13.14B for the company’s revenue for the quarter, with a low and high estimate of 13.07B and 13.25B respectively. The average forecast suggests up to a 0.59% 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 to grow to 53.68B, representing a 1.69% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AAL is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
13 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 6 analyst(s) rate the stock as a Hold, 6 recommend AAL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AAL’s current price about 4.33% and 15.37% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.91, while 7-day volatility ratio is 2.84% and 3.57% in the 30-day chart. Further, American Airlines Group Inc (AAL) has a beta value of 1.41, and an average true range (ATR) of 0.50. Analysts have given the company’s stock an average 52-week price target of $17.95, forecast between a low of $9 and high of $47. Looking at the price targets, the low is 35.76% off current price level while to achieve the yearly target high, price needs to move -235.47%. Nonetheless, investors will most likely welcome a -28.12% jump to $17.95 which is the analysts’ median price.
If we refocus on American Airlines Group Inc (NASDAQ:AAL), historical trading data shows that trading volumes averaged 24.59 over the past 10 days and 33.37 million over the past 3 months. The company’s latest data on shares outstanding shows there are 654.27 million shares.
The 1.33% of American Airlines Group Inc’s shares are in the hands of company insiders while institutional holders own 57.03% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 66.51 million on 2024-10-31, giving us a short ratio of 1.94. The data shows that as of 2024-10-31 short interest in American Airlines Group Inc (AAL) stood at 1149.0 of shares outstanding, with shares short falling to 84.43 million registered in 2024-09-30. Current price change has pushed the stock 1.97% 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.
