Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Alaska Air Group Inc.’s current trading price is -27.15% away from its 52-week high, while its distance from the 52-week low is 35.46%. The stock’s price range during this period has varied between $30.75 and $57.18. The company, active in the Industrials sector, saw a trading volume of around 1.48 million for the day, considerably lower average daily volume of 2.26 million observed over the last three months.
Alaska Air Group Inc. had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $57.18 on 07/13/23, while the lowest price during the same period was $30.75 on 11/01/23.
How Financial Performance Impacts Market Capitalization
Alaska Air Group Inc. (ALK) has experienced a quarterly rise of 23.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.25B and boasts a workforce of 26043 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 38.18, with a change in price of +5.32. Similarly, Alaska Air Group Inc. recorded 3,154,365 in trading volume during the last 100 days, posting a change of +14.51%.
How ALK’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ALK stands at 0.93. Similarly, the long-term debt-to-equity ratio is also 0.80.
ALK Stock Stochastic Average
As of today, the raw stochastic average of Alaska Air Group Inc. over the last 50 days is at 74.73%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 65.13%. Further, the company’s Stochastic %K and %D values for the last 20 days were 54.39% and 55.41%, respectively.
ALK Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 6.62%. However, over the past six months, we’ve seen a weaker performance of 21.44%. The price of ALK fallen by 9.02% over the last 30 days. And in the last five days, it has fallen by -0.73%.
