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ALGT
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
1.25B

ALGT Allegiant Travel Company Forecast, Technical & Fundamental Analysis

a provider of integrated air travel services to residents of small, underserved cities in the United States

Industry Airlines
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ALGT with price predictions
07:00 PM EST Dec 04, 2023

ALGT's RSI Indicator ascends from oversold territory

The RSI Oscillator for ALGT moved out of oversold territory on November 13, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 33 similar instances when the indicator left oversold territory. In of the 33 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 15, 2023. You may want to consider a long position or call options on ALGT as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ALGT just turned positive on November 15, 2023. Looking at past instances where ALGT's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

ALGT moved above its 50-day moving average on December 01, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ALGT advanced for three days, in of 284 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALGT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ALGT broke above its upper Bollinger Band on December 04, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for ALGT entered a downward trend on November 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.932) is normal, around the industry mean (105.528). P/E Ratio (7.278) is within average values for comparable stocks, (14.259). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.438). Dividend Yield (0.009) settles around the average of (0.041) among similar stocks. P/S Ratio (0.487) is also within normal values, averaging (0.962).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ALGT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ALGT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Delta Air Lines (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), JetBlue Airways Corp (NASDAQ:JBLU).

Industry description

Airlines industry comprises passenger air transportation, including scheduled and non-scheduled routes. This can include charter airlines, as well as regular commuter ones. Discount pricing and the rise of low-cost carriers over recent decades have expanded the industry by making its services accessible to a much larger global population, compared to the older days when airline travel was a relative luxury for many people in the world. Delta Air Lines Inc., Southwest Airlines Co and United Continental Holdings, Inc. are some of the airlines with the largest stock market capitalizations in the U.S.

Market Cap

The average market capitalization across the Airlines Industry is 6.46B. The market cap for tickers in the group ranges from 9.36K to 23.19B. DAL holds the highest valuation in this group at 23.19B. The lowest valued company is KLMR at 9.36K.

High and low price notable news

The average weekly price growth across all stocks in the Airlines Industry was 5%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was -9%. HA experienced the highest price growth at 210%, while GOL experienced the biggest fall at -13%.

Volume

The average weekly volume growth across all stocks in the Airlines Industry was 47%. For the same stocks of the Industry, the average monthly volume growth was -7% and the average quarterly volume growth was 92%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 64
Price Growth Rating: 51
SMR Rating: 67
Profit Risk Rating: 90
Seasonality Score: 35 (-100 ... +100)
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A.I. Advisor
published Earnings

ALGT is expected to report earnings to fall 537.33% to -39 cents per share on January 31

Allegiant Travel Company ALGT Stock Earnings Reports
Q4'23
Est.
$-0.39
Q3'23
Missed
by $0.05
Q2'23
Beat
by $0.73
Q1'23
Beat
by $0.71
Q4'22
Beat
by $2.50
The last earnings report on November 02 showed earnings per share of 9 cents, missing the estimate of 14 cents. With 192.85K shares outstanding, the current market capitalization sits at 1.25B.
A.I.Advisor
published Dividends

ALGT paid dividends on September 01, 2023

Allegiant Travel Company ALGT Stock Dividends
А dividend of $0.60 per share was paid with a record date of September 01, 2023, and an ex-dividend date of August 14, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of integrated air travel services to residents of small, underserved cities in the United States

Industry Airlines

Profile
Fundamentals
Details
Industry
Airlines
Address
1201 North Town Center Drive
Phone
+1 702 851-7300
Employees
5315
Web
https://www.allegiant.com
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ALGT and

Correlation & Price change

A.I.dvisor indicates that over the last year, ALGT has been loosely correlated with JBLU. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if ALGT jumps, then JBLU could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ALGT
1D Price
Change %
ALGT100%
-4.18%
JBLU - ALGT
63%
Loosely correlated
-3.93%
LUV - ALGT
61%
Loosely correlated
-0.48%
SNCY - ALGT
57%
Loosely correlated
-2.40%
DAL - ALGT
57%
Loosely correlated
-1.44%
UAL - ALGT
54%
Loosely correlated
-2.30%
More

Groups containing ALGT

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ALGT
1D Price
Change %
ALGT100%
-4.18%
ALGT
(undefined stocks)
97%
Closely correlated
+0.10%
low-fare
(undefined stocks)
81%
Closely correlated
-1.48%
passenger
(undefined stocks)
80%
Closely correlated
-1.39%
planes
(undefined stocks)
80%
Closely correlated
-1.39%
pilots
(undefined stocks)
80%
Closely correlated
-1.44%
More