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. Recently, Yahoo Finance discussed the stock, revealing that Allegiant Announces Ten New Routes with One-Way Fares as Low as $45*.
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Stocks Info
Allegiant Travel is listed on the NASDAQ as a member of the Industrials sector and is a part of the Airlines industry. The current market capitalization of Allegiant Travel is $1.49B. A total of 0.24 million shares were traded on the day, compared to an average of 252.55K shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ALGT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 27 SELLs from insiders. Insiders purchased 370,782 shares during that period but sold 124,710.
In the most recent transaction, ELLMER GARY sold 2,000 shares of ALGT for 79.10 per share on Feb 12. After the transaction, the Director now owns 8,490 company shares. In a previous transaction on Nov 07, DeAngelo Scott Wayne sold 3,680 shares at 61.07 per share. ALGT shares that EVP and CMO owns now total 93,872.
Among the insiders who sold shares, Wilper Keny Frank disposed of 1,270 shares on Oct 25 at a per-share price of $71.10. This resulted in the COO holding 12,059 shares of ALGT after the transaction. In another insider transaction, Wilper Keny Frank sold 591 shares at $74.83 per share on Oct 05. Company shares held by the COO now total 13,739.
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. Allegiant Travel pays an annual dividend of $1.80, resulting in a dividend yield of 2.22%, and it has a price to earnings (P/E) ratio of 12.85. ALGT’s most recent ex-dividend date was 2/14/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/14/2023. The ALGT stock dividend was $0.60 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 ALGT in the last 3 months, the mean price target is $86.00 with high estimates of $100.00 and low estimates of $65.00. In terms of 52-week highs and lows, ALGT has a high of $130.93 and a low of $54.87.
As of this writing, ALGT has an earnings estimate of $Align Technology, Inc. per share for the current quarter. EPS was calculated based on a consensus of Altimmune, Inc. estimates, with a high estimate of $Alight, Inc. per share and a lower estimate of $Allegro MicroSystems, Inc.
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. ALGT’s latest balance sheet shows that the firm has $1.18B in Cash & Short Term Investments as of fiscal 2021. There were $1.88B in debt and $663.04M in liabilities at the time. Its Book Value Per Share was $72.95, while its Total Shareholder’s Equity was $1.22B.
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, 0 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 ALGT is Buy with a score of 3.60.
