American Airlines Group Inc (NASDAQ: AAL): Forecast Strong In 2024, Up 16.61%

The trading price of American Airlines Group Inc (NASDAQ:AAL) floating lower at last check on current market day and closing at $14.22, -1.22% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $14.03 and $14.42. The company’s P/E ratio in the trailing 12-month period was 44.15, while its 5Y monthly beta was 1.399. In examining the 52-week price action we see that the stock hit a 52-week high of $16.15 and a 52-week low of $9.07. Over the past month, the stock has gained 8.59% in value.

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American Airlines Group Inc, whose market valuation is $9.43 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-Jan-23. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.39 per share this quarter, however they have predicted annual earnings per share of 1.48 for current year and 2.05 for next year.

Analysts have forecast the company to bring in revenue of 13.13B for the current quarter, with the likely lows of 13.07B and highs of 13.25B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 53.68B.

On the technical side, indicators suggest AAL has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AAL a recommendation rating is 13. Out of them, 6 rate it a Hold, while 6 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged American Airlines Group Inc (AAL) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that AAL’s price is currently 4.30% off the SMA20 and 15.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.32, and weekly volatility stands at 2.92%. When measured over the past 30 days, the indicator reaches 3.44%. American Airlines Group Inc (NASDAQ:AAL)’s beta value is currently sitting at 1.41, while the Average True Range indicator is currently displaying 0.49. With analysts defining $9-$47 as the low and high price targets, we arrive at a consensus price target of $17.9 for the trailing 12-month period. The current price is about 36.71% off the estimated low and -230.52% off the forecast high, based on this estimate. Investors will be thrilled if AAL’s share price rises to $17.9, which is the median consensus price. At that level, AAL’s share price would be -25.88% below current price.

To see how American Airlines Group Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: AAL stock’s performance was -1.22% at last check in today’s session, and 16.61% in the past year. American Airlines Group Inc has a P/E ratio of 44.15.

An evaluation of the daily trading volume of American Airlines Group Inc (NASDAQ:AAL) indicates that the 3-month average is 33.28 million. However, this figure has increased over the past 10 days to an average of 25.27.

Currently, records show that 654.27 million of the company’s shares remain outstanding. The insiders hold 1.33% of outstanding shares, whereas institutions hold 56.72%. The stats also highlight that short interest as of 2024-10-31, stood at 66.51 million shares, resulting in a short ratio of 1.94 at that time. From this, we can conclude that short interest is 1149.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 84.43 million. However, since the stock’s price has seen 3.46% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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