Alaska Air Group Inc. (NYSE: ALK) – Time For Strategy Change?

money audit

Alaska Air Group Inc. (NYSE:ALK) currently has a daily average trading volume of 2.42M but it saw 1921991 shares traded in last market. With a market cap of 5.78B USD, the company’s current market price of $45.83 came falling about -0.33 while comparing to the previous closing price of $45.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.87 and as low as $30.75. In the recent trading on the day, stock has struck highest price mark of $45.313 while lowest mark touched by it was $45.97.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Barclays which initiated the stock as “Overweight” in its note to investors issued on October 21, 2024, recommending a price target of $55 for it. Wolfe Research issued its recommendations for the stock as it upgraded the price target for the stock is $55.

Over the week, ALK’s stock price is moving -1.21% down while it is 10.12% when we observe its performance for the past one month. Year-to-date it is 17.30% up and over the past year, the stock is showing an upside performance of 40.76%.

Currently, Alaska Air Group Inc.’s total number of outstanding shares is 126.09M. Company’s return on investment (ROI) stands at 2.96% and return on equity (ROE) at 5.50%. It has a price to earnings ratio (P/E ratio) of 26.54 while having a 8.41 of forward P/E ratio. Stock’s beta reads 1.61. Stock has a price to book (P/B) ratio of 1.37 while price to sale or P/S ratio amounts to 0.55. Its return on asset (ROA) is 1.49% on average.