Allegiant Travel Stock Current Ratio
| ALGT Stock | USD 54.37 0.69 1.29% |
Allegiant Travel fundamentals help investors to digest information that contributes to Allegiant Travel's financial success or failures. It also enables traders to predict the movement of Allegiant Stock. The fundamental analysis module provides a way to measure Allegiant Travel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Allegiant Travel stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.83 | 1.53 |
Allegiant | Current Ratio |
Allegiant Travel Company Current Ratio Analysis
Allegiant Travel's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Allegiant Travel Current Ratio | 1.53 X |
Most of Allegiant Travel's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Allegiant Travel is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Allegiant Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Allegiant Travel is extremely important. It helps to project a fair market value of Allegiant Stock properly, considering its historical fundamentals such as Current Ratio. Since Allegiant Travel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Allegiant Travel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Allegiant Travel's interrelated accounts and indicators.
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Allegiant Current Ratio Historical Pattern
Today, most investors in Allegiant Travel Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Allegiant Travel's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Allegiant Travel current ratio as a starting point in their analysis.
Allegiant Travel Current Ratio |
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Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
Allegiant Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Allegiant Travel has a Current Ratio of 1.53 times. This is 25.73% lower than that of the Passenger Airlines sector and 131.82% higher than that of the Industrials industry. The current ratio for all United States stocks is 29.17% higher than that of the company.
Allegiant Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allegiant Travel's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Allegiant Travel could also be used in its relative valuation, which is a method of valuing Allegiant Travel by comparing valuation metrics of similar companies.Allegiant Travel is currently under evaluation in current ratio category among related companies.
Allegiant Fundamentals
| Return On Equity | 0.0923 | ||||
| Return On Asset | 0.0334 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 2.5 B | ||||
| Shares Outstanding | 18.23 M | ||||
| Shares Owned By Insiders | 17.03 % | ||||
| Shares Owned By Institutions | 86.35 % | ||||
| Number Of Shares Shorted | 810.78 K | ||||
| Price To Earning | 40.92 X | ||||
| Price To Book | 0.84 X | ||||
| Price To Sales | 0.45 X | ||||
| Revenue | 2.51 B | ||||
| Gross Profit | 494.21 M | ||||
| EBITDA | 472.76 M | ||||
| Net Income | 113.41 M | ||||
| Cash And Equivalents | 1.21 B | ||||
| Cash Per Share | 67.19 X | ||||
| Total Debt | 2.36 B | ||||
| Debt To Equity | 1.69 % | ||||
| Current Ratio | 1.53 X | ||||
| Book Value Per Share | 75.22 X | ||||
| Cash Flow From Operations | 423.09 M | ||||
| Short Ratio | 2.80 X | ||||
| Earnings Per Share | 6.29 X | ||||
| Price To Earnings To Growth | (14.47) X | ||||
| Target Price | 76.78 | ||||
| Number Of Employees | 5.64 K | ||||
| Beta | 1.56 | ||||
| Market Capitalization | 978.71 M | ||||
| Total Asset | 4.93 B | ||||
| Retained Earnings | 1.27 B | ||||
| Working Capital | (211.18 M) | ||||
| Current Asset | 395.24 M | ||||
| Current Liabilities | 388.47 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 1.79 % | ||||
| Net Asset | 4.93 B | ||||
| Last Dividend Paid | 1.2 |
About Allegiant Travel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allegiant Travel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allegiant Travel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allegiant Travel based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Allegiant Travel Investors Sentiment
The influence of Allegiant Travel's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Allegiant. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Allegiant Travel's public news can be used to forecast risks associated with an investment in Allegiant. The trend in average sentiment can be used to explain how an investor holding Allegiant can time the market purely based on public headlines and social activities around Allegiant Travel. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allegiant Travel's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allegiant Travel's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Allegiant Travel's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allegiant Travel.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allegiant Travel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allegiant Travel's short interest history, or implied volatility extrapolated from Allegiant Travel options trading.
Pair Trading with Allegiant Travel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegiant Travel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegiant Travel will appreciate offsetting losses from the drop in the long position's value.Moving together with Allegiant Stock
| 0.72 | AAL | American Airlines Financial Report 18th of July 2024 | PairCorr |
Moving against Allegiant Stock
| 0.91 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.81 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
| 0.8 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
| 0.8 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.77 | AL | Air Lease Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Allegiant Travel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegiant Travel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegiant Travel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegiant Travel to buy it.
The correlation of Allegiant Travel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegiant Travel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegiant Travel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allegiant Travel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Allegiant Travel Piotroski F Score and Allegiant Travel Altman Z Score analysis. For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.Note that the Allegiant Travel information on this page should be used as a complementary analysis to other Allegiant Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Allegiant Stock analysis
When running Allegiant Travel's price analysis, check to measure Allegiant Travel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.
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Is Allegiant Travel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegiant Travel. If investors know Allegiant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegiant Travel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 18.984 | Dividend Share 1.2 | Earnings Share 6.29 | Revenue Per Share 139.864 | Quarterly Revenue Growth (0) |
The market value of Allegiant Travel is measured differently than its book value, which is the value of Allegiant that is recorded on the company's balance sheet. Investors also form their own opinion of Allegiant Travel's value that differs from its market value or its book value, called intrinsic value, which is Allegiant Travel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegiant Travel's market value can be influenced by many factors that don't directly affect Allegiant Travel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegiant Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegiant Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegiant Travel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.