Allegiant Travel (NASDAQ:ALGT) shares, rose in value on Friday, March 07, with the stock price down by -3.20% to the previous day’s close as strong demand from buyers drove the stock to $60.76.
Actively observing the price movement in the last trading, the stock closed the session at $62.77. Referring to stock’s 52-week performance, its high was $107.57, and the low was $36.08. On the whole, ALGT has fluctuated by -27.61% over the past month.
With the market capitalization of Allegiant Travel currently standing at about $1.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 0.99%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.84B, with a low estimate of 698.2M and a high estimate of 711.31M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 705.5M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALGT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ALGT currently trading nearly -21.99% and -32.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 22.70, while the 7-day volatility ratio is showing 7.22% which for the 30-day chart, stands at 5.92%. Furthermore, Allegiant Travel (ALGT)’s beta value is 1.49, and its average true range (ATR) is 4.74.
A comparison of Allegiant Travel (ALGT) with its peers suggests the former has fared considerably weaker in the market. ALGT showed an intraday change of -3.20% in last session, and over the past year, it shrunk by -16.00%%.
Data on historical trading for Allegiant Travel (NASDAQ:ALGT) indicates that the trading volumes over the past 3 months, they’ve averaged 362.14K. According to company’s latest data on outstanding shares, there are 18.41 million shares outstanding.
Nearly 23.02% of Allegiant Travel’s shares belong to company insiders and institutional investors own 84.37% of the company’s shares. The stock has fallen by -35.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALGT stock heading into the next quarter.
