American Airlines Group Inc (AAL): Choosing The Technical Investor Route

American Airlines Group Inc (NASDAQ:AAL) does about 33.13M shares in volume on a normal day but saw 32159608 shares change hands in Monday trading. The company now has a market cap of 7.17B USD. Its current market price is $10.93, marking a decrease of -1.00% compared to the previous close of $11.04. The 52 week high reached by this stock is $19.08 whilst the lowest price level in 52 weeks is $10.86.

American Airlines Group Inc (AAL) has a 20-day trading average at $11.24 and the current price is -42.71% off the 52-week high compared with 0.64% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.66 and its 200-day simple moving average is $13.31. If we look at the stock’s price movements over the week, volatility stands at 2.09%, which increases to 2.18% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 30.19 to suggest the stock is neutral.

The consensus objective for the share price is $15.56, suggesting that the stock has a potential upside of 29.76% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 29, 2024 when TD Cowen reiterated the stock to “Buy” and issued a price target of between $18 and $16. Jefferies downgraded its price target at $17-$12.

American Airlines Group Inc (AAL) stock is down -3.53% over the week and -5.94% over the past month. Its price is -20.45% year-to-date and -38.87% over the past year.

To reach the target analysts have set, the stock logically needs to grow 29.76 percent from here.

The company has a return on investment of 1.71%. The price to earnings ratio (P/E ratio) amounts to 18.32 while the forward price to earnings ratio is 4.01. The beta has a value of 1.45. Price to sales ratio is 0.13.