Allegiant Travel Stock Today
ALGT Stock | USD 61.77 0.51 0.83% |
Performance0 of 100
| Odds Of DistressLess than 36
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Allegiant Travel is selling for under 61.77 as of the 19th of April 2024; that is 0.83 percent up since the beginning of the trading day. The stock's last reported lowest price was 61.7. Allegiant Travel has about a 36 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Allegiant Travel are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Transportation | IPO Date 8th of December 2006 | Category Industrials |
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. Allegiant Travel Company was founded in 1997 and is based in Las Vegas, Nevada. Allegiant Travel operates under Airlines classification in the United States and is traded on NASDAQ Exchange. The company has 18.29 M outstanding shares of which 746.37 K shares are presently shorted by private and institutional investors with about 3.03 trading days to cover. More on Allegiant Travel
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Follow Valuation Options Odds of Bankruptcy
Financial Report 1st of May 2024
Allegiant Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Allegiant Travel's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Allegiant Travel or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO Director | John Redmond | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Passenger Airlines, Transportation, Industrials, SP Small-Cap 600, ARCA Airline, NASDAQ Composite, NASDAQ Composite Total, Airlines, Impulse, Industrials, Passenger Airlines, Airlines, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering Allegiant Travel report their recommendations after researching Allegiant Travel's financial statements, talking to executives and customers, or listening in on Allegiant Travel's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Allegiant Travel. The Allegiant consensus assessment is calculated by taking the average forecast from all of the analysts covering Allegiant Travel. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the analysis of Allegiant Travel's profitability, liquidity, and operating efficiency, Allegiant Travel is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Allegiant Travel is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Allegiant Travel's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Allegiant Travel's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Allegiant Travel's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Allegiant Travel's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Allegiant Travel's financial leverage. It provides some insight into what part of Allegiant Travel's total assets is financed by creditors.
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Allegiant Travel (ALGT) is traded on NASDAQ Exchange in USA. It is located in 1201 North Town Center Drive, Las Vegas, NV, United States, 89144 and employs 5,643 people. Allegiant Travel is listed under Passenger Airlines category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.13 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Allegiant Travel's market, we take the total number of its shares issued and multiply it by Allegiant Travel's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Allegiant Travel conducts business under Passenger Airlines sector and is part of Industrials industry. The entity has 18.29 M outstanding shares of which 746.37 K shares are presently shorted by private and institutional investors with about 3.03 trading days to cover.
Allegiant Travel currently holds about 1.21 B in cash with 423.09 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 67.19.
Check Allegiant Travel Probability Of Bankruptcy
Ownership AllocationAllegiant Travel retains a total of 18.29 Million outstanding shares. The majority of Allegiant Travel outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Allegiant Travel to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Allegiant Travel. Please pay attention to any change in the institutional holdings of Allegiant Travel as this could imply that something significant has changed or is about to change at the company. Also note that nearly seven hundred thirty-one thousand four hundred fifty-two invesors are currently shorting Allegiant Travel expressing very little confidence in its future performance.
Check Allegiant Ownership Details
Allegiant Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Allegiant Travel jumping above the current price in 90 days from now is roughly 97.0%. The Allegiant Travel probability density function shows the probability of Allegiant Travel stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.3623. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Allegiant Travel will likely underperform. Additionally, allegiant Travel has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Allegiant Travel to move above the current price in 90 days from now is roughly 97.0 (This Allegiant Travel probability density function shows the probability of Allegiant Stock to fall within a particular range of prices over 90 days) .
Allegiant Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Allegiant Travel that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Allegiant Travel's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Allegiant Travel's value.Instituion | Recorded On | Shares | |
American Century Companies Inc | 2023-12-31 | 302.3 K | |
Par Capital Management Inc | 2023-12-31 | 253.5 K | |
Geneva Capital Management | 2023-12-31 | 248.9 K | |
Morgan Stanley - Brokerage Accounts | 2023-12-31 | 245.2 K | |
Fort Washington Investment Advisors Inc | 2023-12-31 | 242.5 K | |
Brandywine Global Investment Mgmt Llc | 2023-12-31 | 228.4 K | |
Bank Of New York Mellon Corp | 2023-12-31 | 208.1 K | |
Amvescap Plc. | 2023-12-31 | 192 K | |
Gw&k Investment Management, Llc | 2023-12-31 | 158.1 K | |
Blackrock Inc | 2023-12-31 | 2.5 M | |
Vanguard Group Inc | 2023-12-31 | 1.7 M |
Allegiant Travel Historical Income Statement
Allegiant Travel Income Statement is one of the three primary financial statements used for reporting Allegiant's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Allegiant Travel revenue and expense. Allegiant Travel Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Allegiant Travel's Cost Of Revenue is comparatively stable compared to the past year. Non Operating Income Net Other is likely to gain to about 1.8 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 108.5 M in 2024. View More FundamentalsAllegiant Stock Against Markets
Picking the right benchmark for Allegiant Travel stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Allegiant Travel stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Allegiant Travel is critical whether you are bullish or bearish towards Allegiant Travel at a given time. Please also check how Allegiant Travel's historical prices are related to one of the top price index indicators.
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Allegiant Travel Corporate Directors
Allegiant Travel corporate directors refer to members of an Allegiant Travel board of directors. The board of directors generally takes responsibility for the Allegiant Travel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Allegiant Travel's board members must vote for the resolution. The Allegiant Travel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Gary Ellmer | Independent Director | Profile | |
Montie Brewer | Independent Director | Profile | |
Linda Marvin | Independent Director | Profile | |
Charles Pollard | Independent Director | Profile |
How to buy Allegiant Stock?
Before investing in Allegiant Travel, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Allegiant Travel. To buy Allegiant Travel stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Allegiant Travel. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Allegiant Travel stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Allegiant Travel stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Allegiant Travel stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Allegiant Travel, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.
Already Invested in Allegiant Travel?
The danger of trading Allegiant Travel is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Allegiant Travel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Allegiant Travel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Allegiant Travel is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Allegiant Travel is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Allegiant Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Allegiant Travel Stock. Highlighted below are key reports to facilitate an investment decision about Allegiant Travel Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.