Allegiant Travel (NASDAQ:ALGT) price on Friday, June 13, fall -4.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $51.05.
A look at the stock’s price movement, the close in the last trading session was $53.69. Turning to its 52-week performance, $107.57 and $36.08 were the 52-week high and 52-week low respectively. Overall, ALGT moved -9.37% over the past month.
Allegiant Travel’s market cap currently stands at around $931.91 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 685.58M for the company’s revenue for the quarter, with a low and high estimate of 668.57M and 696.14M respectively. The average forecast suggests up to a 2.90% 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 2.66B, representing a 6.01% jump on that reported in the last financial year.
8 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 5 analyst(s) rate the stock as a Hold, 2 recommend ALGT 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALGT’s current price about -7.50% and -0.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.22, while 7-day volatility ratio is 3.48% and 3.62% in the 30-day chart. Further, Allegiant Travel (ALGT) has a beta value of 1.73, and an average true range (ATR) of 2.92. Analysts have given the company’s stock an average 52-week price target of $90, forecast between a low of $90 and high of $90. Looking at the price targets, the low is -76.3% off current price level while to achieve the yearly target high, price needs to move -76.3%. Nonetheless, investors will most likely welcome a -76.3% jump to $90 which is the analysts’ median price.
If we refocus on Allegiant Travel (NASDAQ:ALGT), historical trading data shows that trading volumes averaged 473.69K over the past 3 months. The company’s latest data on shares outstanding shows there are 18.26 million shares.
The 23.16% of Allegiant Travel’s shares are in the hands of company insiders while institutional holders own 94.80% of the company’s shares. Current price change has pushed the stock -45.76% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALGT stock continues to rise going into the next quarter.
