With 0.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. The 52-week range on ALGT shows that it touched its highest point at $107.57 and its lowest point at $36.08 during that stretch. It currently has a 1-year price target of $61.17. With its current market cap of 1.08 billion, ALGT has annualized dividend of $0.60 while the current yield stands at 1.01%. Beta for the stock currently stands at 1.70.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALGT was up-trending over the past week, with a rise of 17.69%, but this was up by 27.96% over a month. Three-month performance dropped to -32.82% while six-month performance fell -19.66%. The stock gained 11.85% in the past year, while it has lost -36.94% so far this year. A look at the trailing 12-month EPS for ALGT yields -11.57 with Next year EPS estimates of 6.73. For the next quarter, that number is 0.98. This implies an EPS growth rate of 47.92% for this year and 83.39% for next year.
Float and Shares Shorts:
At present, 18.26 million ALGT shares are outstanding with a float of 14.04 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALGT since 8 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.57573 being high and $1.90208 being low. For ALGT, this leads to a yearly average estimate of $2.40732.
