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Wednesday, March 22, 2023

Searching For Real Value In Market Debris At Alaska Air Group Inc. (NYSE: ALK)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Alaska Air Group Inc. (ALK) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $42.26. The Alaska Air Group Inc. has recorded 192,989 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Alaska Airlines partners with Punky Aloha Studio on Hawaiʻi-themed airplane.


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Stocks Info

Alaska Air Group Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Airlines industry. At the end of the last regular session, the stock closed at $42.26 and fluctuated between $45.35 as its day high and $41.76 as its day low. The current market capitalization of Alaska Air Group Inc. is $5.56B. A total of 3.29 million shares were traded on the day, compared to an average of 1.41M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ALK has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,596 and the disposition of 1,596 shares. Over the last 12 months, there were 28 BUYs and 19 SELLs from insiders. Insiders purchased 55,576 shares during that period but sold 21,526.

In the most recent transaction, THOMPSON J KENNETH sold 3,500 shares of ALK for 48.58 per share on Mar 09. After the transaction, the Director now owns 29,907 company shares. In a previous transaction on Jan 27, SCHNEIDER ANDREA L sold 1,596 shares at 50.81 per share. ALK shares that SVP PEOPLE owns now total 15,747.

Among the insiders who sold shares, HARRISON ANDREW R disposed of 3,275 shares on Sep 08 at a per-share price of $45.90. This resulted in the EVP AND CCO holding 10,877 shares of ALK after the transaction. In another insider transaction, HARRISON ANDREW R sold 2,267 shares at $44.13 per share on Jul 29. Company shares held by the EVP AND CCO now total 14,152.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. ALK’s most recent ex-dividend date was 2/14/2020 when it declared a $0.3750 quarterly dividend that was paid in cash on 3/5/2020. Previously, the company paid the dividend on 12/5/2019 with an ex-dividend date of 11/18/2019. The ALK stock dividend was $0.35 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ALK in the last 3 months, the mean price target is $65.88 with high estimates of $91.00 and low estimates of $58.50. In terms of 52-week highs and lows, ALK has a high of $61.55 and a low of $38.19.

As of this writing, ALK has an earnings estimate of -$0.41 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.75. The company reported an EPS of $2.53 in the last quarter, which was 5.90% higher than expectations of $2.39.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALK is Underweight with a score of 4.92. A total of 12 analysts rated the stock as Buy while 2 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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