Should Investors Trust The Upside Potential In American Airlines Group Inc (AAL)?

American Airlines Group Inc (NASDAQ:AAL) currently has a daily average trading volume of 37.42M but it saw 34072011 shares traded in last market. With a market cap of 7.83B USD, the company’s current market price of $11.93 came rising about 0.08 while comparing to the previous closing price of $11.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.15 and as low as $9.07. In the recent trading on the day, stock has struck highest price mark of $11.8732 while lowest mark touched by it was $12.25.

Taking a look at 20-day trading activity of American Airlines Group Inc (AAL) gives us an average price of $11.18, while its current price level is -26.13% below from 52-week high level whereas it is 31.53% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.60 while that of 200 days or SMA-200 reads an average of $12.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.93% during that period while stretching the period over a month that decreases to 3.62%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 64.67 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the TD Cowen which reiterated the stock as “Hold” in its note to investors issued on October 03, 2024, recommending a price target of between $7 and $9 for it. Bernstein downgraded its recommendation for the stock as a “Mkt Perform” from “Outperform” on July 22, 2024 while assigning a price target range of $18-$12. TD Cowen issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $16 and $10.

Over the week, AAL’s stock price is moving 11.08% up while it is 8.55% when we observe its performance for the past one month. Year-to-date it is -13.17% down and over the past year, the stock is showing a downside performance of -2.53%.

Currently, American Airlines Group Inc’s total number of outstanding shares is 654.27M. Company’s return on investment (ROI) stands at -0.41%. It has a 6.19 of forward P/E ratio. Stock’s beta reads 1.42. Stock has a price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is -0.18% on average.