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


The leading market experts have placed a mean price target of $164.27 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 $2.74 a share for the upcoming quarter and $12.99 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 $134.95, and stock is trading $2.69 points away or +1.99% from its 50-day moving average of $134.95. Further it is trading $-14.70 or -9.65% away its 200-day moving average of $152.34. Allegiant Travel Company (NASDAQ:ALGT) 52-week high is $228.79 and the 52-week low is $121.70.

This explains if the stock moves $-91.15, it will post a 52-week high. In event of +13.10% 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 9.80.

The stock last ended the trading session at $137.64 and registered a market cap of $2.26B. 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 1.39.

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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