Stock To Watch: Allegiant Travel Company (NASDAQ:ALGT)


The leading market experts have placed a mean price target of $180.73 on Allegiant Travel Company (NASDAQ:ALGT) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $2.53 a share for the upcoming quarter and $13.82 for the current fiscal. Technical View The technical analysis of Allegiant Travel Company plainly substantiates that the 50-day moving average of Allegiant Travel Company is $145.15, and stock is hovering 2.88 or +1.99% distant from $145.15. It is noted that the 200-day MA is $158.15, and Allegiant Travel Company stock is $-10.12 or -6.40% off from this point. Allegiant Travel Company (NASDAQ:ALGT) 52-week high is $238.13 and the 52-week low is $134.64. This explains if the stock moves $-90.10, it will post a 52-week high. In event of $+9.95% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Allegiant Travel Company, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Allegiant Travel Company (NASDAQ:ALGT) ratio came in at 11.00. The stock last ended the trading session at $148.03 and registered a market cap of $2.47B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Allegiant Travel Company (NASDAQ:ALGT) PEG ratio is at 1.22.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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