Allegiant Travel (NASDAQ:ALGT) shares, rose in value on Friday, May 09, with the stock price down by -0.27% to the previous day’s close as strong demand from buyers drove the stock to $54.45.
Actively observing the price movement in the last trading, the stock closed the session at $54.60. Referring to stock’s 52-week performance, its high was $107.57, and the low was $36.08. On the whole, ALGT has fluctuated by 8.16% over the past month.
With the market capitalization of Allegiant Travel currently standing at about $993.97 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 1.10%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALGT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ALGT currently trading nearly 15.42% and 4.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.67, while the 7-day volatility ratio is showing 6.72% which for the 30-day chart, stands at 6.42%. Furthermore, Allegiant Travel (ALGT)’s beta value is 1.70, and its average true range (ATR) is 3.58.
A comparison of Allegiant Travel (ALGT) with its peers suggests the former has fared considerably weaker in the market. ALGT showed an intraday change of -0.27% in last session, and over the past year, it grew by 1.04%%.
Data on historical trading for Allegiant Travel (NASDAQ:ALGT) indicates that the trading volumes over the past 3 months, they’ve averaged 499.45K. According to company’s latest data on outstanding shares, there are 18.26 million shares outstanding.
Nearly 23.00% of Allegiant Travel’s shares belong to company insiders and institutional investors own 85.30% of the company’s shares. The stock has fallen by -42.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALGT stock heading into the next quarter.
