American Airlines Group Inc (NASDAQ:AAL) shares, rose in value on Friday, April 05, with the stock price up by 0.20% to the previous day’s close as strong demand from buyers drove the stock to $13.86.
Actively observing the price movement in the recent trading, the stock is buoying the session at $13.83. The value of beta (5-year monthly) is 1.58 whereas the PE ratio is 12.74 over 12-month period. Referring to stock’s 52-week performance, its high was $19.08, and the low was $10.86. On the whole, AAL has fluctuated by -6.87% over the past month.
With the market capitalization of American Airlines Group Inc currently standing at about $9.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.28, which is expected to increase to $1.5 for fiscal year $2.47 and then to about $3.24 by fiscal year 2025. Data indicates that the EPS growth is expected to be -6.80% in 2025, while the next year’s EPS growth is forecast to be 31.20%.
Analysts have estimated the company’s revenue for the quarter at $12.56 billion, with a low estimate of $12.46 billion and a high estimate of $12.67 billion. According to the average forecast, sales growth in current quarter could jump up 3.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $55.14 billion, representing an increase of 4.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AAL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.26, with the price of AAL currently trading nearly -4.64% and -6.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.08, while the 7-day volatility ratio is showing 3.38% which for the 30-day chart, stands at 2.56%. Furthermore, American Airlines Group Inc (AAL)’s beta value is 1.58, and its average true range (ATR) is 0.42.
A comparison of American Airlines Group Inc (AAL) with its peers suggests the former has fared considerably weaker in the market. AAL showed an intraday change of 0.20% in today’s session so far, and over the past year, it shrunk by -2.13%%.
Data on historical trading for American Airlines Group Inc (NASDAQ:AAL) indicates that the trading volumes over the past 10 days have averaged 28.34 million and over the past 3 months, they’ve averaged 34.26 million. According to company’s latest data on outstanding shares, there are 654.27 million shares outstanding.
Nearly 2.00% of American Airlines Group Inc’s shares belong to company insiders and institutional investors own 52.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 45.56 million shares as on Mar 15, 2024, resulting in a short ratio of 1.54. According to the data, the short interest in American Airlines Group Inc (AAL) stood at 6.96% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 41.44 million. The stock has risen by 0.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AAL stock heading into the next quarter.
