Alaska Air Group Stock Today

ALK Stock  USD 38.65  0.73  1.85%   

Performance

3 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 35

 
100  
 
Zero
Below Average
Alaska Air is selling for 38.65 as of the 25th of February 2024. This is a -1.85 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 38.48. Alaska Air has about a 35 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Alaska Air Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of March 2022 and ending today, the 25th of February 2024. Click here to learn more.
Business Domain
Transportation
IPO Date
2nd of January 2001
Category
Industrials
Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington. Alaska Air operates under Airlines classification in the United States and is traded on New York Stock Exchange. The company has 126.09 M outstanding shares of which 3.22 M shares are presently shorted by investors with about 1.06 days to cover. More on Alaska Air Group

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Alaska 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. Alaska Air's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Alaska Air or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOBenito Minicucci
Thematic Ideas
Showing 3 out of 4 themes
SEC FilingsAlaska Air Security & Exchange Commission EDGAR Reports
Business ConcentrationPassenger Airlines, Transportation, Industrials, NYSE Composite, SP Small-Cap 600, ARCA Airline, Dow Jones Transportation, Dow Jones Composite, Australia All Ordinaries, Air, Airlines, Impulse, Industrials, Passenger Airlines, Airlines, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Alaska Air report their recommendations after researching Alaska Air's financial statements, talking to executives and customers, or listening in on Alaska Air's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Alaska Air Group. The Alaska consensus assessment is calculated by taking the average forecast from all of the analysts covering Alaska Air.
Financial Strength
Based on the analysis of Alaska Air's profitability, liquidity, and operating efficiency, Alaska Air Group is performing exceptionally good at this time. It has a great probability to report excellent financial results in March. Financial strength of Alaska Air Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted121.8 M128.7 M
Notably Down
Slightly volatile
Weighted Shares120.6 M127.4 M
Notably Down
Slightly volatile
Return on Assets0.01640.016
Fairly Up
Slightly volatile
Net Cash Flow from OperationsB1.1 B
Slightly Down
Very volatile
Current Liabilities4.1 B4.5 B
Significantly Down
Slightly volatile
Total Liabilities10 B10.5 B
Notably Down
Slightly volatile
Gross Margin0.510.535
Sufficiently Down
Pretty Stable
Total Debt3.6 B3.8 B
Notably Down
Slightly volatile
Asset Turnover0.660.708
Significantly Down
Slightly volatile
Current Assets2.8 B2.7 B
Sufficiently Up
Slightly volatile
Total Assets14 B14.6 B
Sufficiently Down
Slightly volatile
Alaska Air's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Alaska Air's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
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 Alaska Air's financial leverage. It provides some insight into what part of Alaska Air's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Alaska Air's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Alaska Air deploys its capital and how much of that capital is borrowed.
Liquidity
Alaska Air cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 3.82 B in debt with debt to equity (D/E) ratio of 1.03, which is OK given its current industry classification. Alaska Air Group has a current ratio of 0.79, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Alaska Air until it has trouble settling it off, either with new capital or with free cash flow. So, Alaska Air's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Alaska Air Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Alaska to invest in growth at high rates of return. When we think about Alaska Air's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.04 Billion
Alaska Air Group (ALK) is traded on New York Stock Exchange in USA. It is located in 19300 International Boulevard, Seattle, WA, United States, 98188 and employs 23,178 people. Alaska Air is listed under Passenger Airlines category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Alaska Air's market, we take the total number of its shares issued and multiply it by Alaska Air'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. Alaska Air Group runs under Passenger Airlines sector within Industrials industry. The entity has 126.09 M outstanding shares of which 3.22 M shares are presently shorted by investors with about 1.06 days to cover. Alaska Air Group has about 338 M in cash with 1.05 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 24.83.
Check Alaska Air Probability Of Bankruptcy
Ownership Allocation
Alaska Air holds a total of one hundred twenty-six million ninety thousand outstanding shares. The majority of Alaska Air Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Alaska Air Group to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Alaska Air. Please pay attention to any change in the institutional holdings of Alaska Air Group as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Alaska Ownership Details

Alaska Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Alaska Air jumping above the current price in 90 days from now is about 20.07%. The Alaska Air Group probability density function shows the probability of Alaska Air stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.7068. 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, Alaska Air will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Alaska Air Group is significantly underperforming NYSE Composite.
  Odds Below 38.65HorizonTargetOdds Above 38.65
79.75%90 days
 38.65 
20.07%
Based on a normal probability distribution, the odds of Alaska Air to move above the current price in 90 days from now is about 20.07 (This Alaska Air Group probability density function shows the probability of Alaska Stock to fall within a particular range of prices over 90 days) .

Alaska Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Alaska Air that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Alaska Air'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 Alaska Air's value.
InstituionRecorded OnShares
Alliancebernstein L.p.2023-09-30
2.5 M
Boston Partners Global Investors, Inc2023-09-30
2.3 M
Capital World Investors2023-09-30
2.3 M
Massachusetts Financial Services Company2023-09-30
1.6 M
Bank Of New York Mellon Corp2023-09-30
1.2 M
Diamond Hill Capital Management Inc2023-09-30
1.2 M
Charles Schwab Investment Management Inc2023-09-30
1.2 M
Citadel Advisors Llc2023-09-30
1.2 M
Us Global Investors Inc2023-09-30
1.1 M
Vanguard Group Inc2023-09-30
14.5 M
Victory Capital Management Inc.2023-09-30
M
View Alaska Air Diagnostics

Alaska Air Historical Income Statement

Alaska Air Group Income Statement is one of the three primary financial statements used for reporting Alaska's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Alaska Air Group revenue and expense. Alaska Air Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Alaska Air's Operating Income is quite stable as compared to the past year. Income Tax Expense is expected to rise to about 122.8 M this year, although the value of Interest Expense will most likely fall to about 112.5 M. View More Fundamentals

Alaska Stock Against Markets

Picking the right benchmark for Alaska Air 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 Alaska Air 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 Alaska Air is critical whether you are bullish or bearish towards Alaska Air Group at a given time. Please also check how Alaska Air's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alaska Air without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Alaska Air Corporate Directors

Alaska Air corporate directors refer to members of an Alaska Air board of directors. The board of directors generally takes responsibility for the Alaska Air'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 Alaska Air's board members must vote for the resolution. The Alaska Air board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Dennis MadsenIndependent DirectorProfile
Jessie KnightIndependent DirectorProfile
Helvi SandvikIndependent DirectorProfile
Patricia BedientLead Independent DirectorProfile

How to buy Alaska Stock?

Before investing in Alaska Air, 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 Alaska Air. To buy Alaska Air stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Alaska Air. 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 Alaska Air stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Alaska Air Group 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 Alaska Air Group 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 Alaska Air Group, 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 Alaska Stock please use our How to Invest in Alaska Air guide.

Already Invested in Alaska Air Group?

The danger of trading Alaska Air Group 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 Alaska Air 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 Alaska Air. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alaska Air Group 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 Alaska Air Group 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 Alaska 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 Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Alaska Air's price analysis, check to measure Alaska Air'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 Alaska Air is operating at the current time. Most of Alaska Air's value examination focuses on studying past and present price action to predict the probability of Alaska Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alaska Air's price. Additionally, you may evaluate how the addition of Alaska Air to your portfolios can decrease your overall portfolio volatility.
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Is Alaska Air'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 Alaska Air. If investors know Alaska 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 Alaska Air 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
2.484
Earnings Share
1.83
Revenue Per Share
81.853
Quarterly Revenue Growth
0.03
Return On Assets
0.0356
The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air'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 Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air'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 Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air'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.