Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Alaska Air Group, Inc. before investing.

In this article, we go over a few key elements for understanding Alaska Air Group, Inc.’s stock price such as:

• Alaska Air Group, Inc.’s current stock price and volume
• Why Alaska Air Group, Inc.’s stock price changed recently
• Upgrades and downgrades for ALK from analysts
• ALK’s stock price momentum as measured by its relative strength

About Alaska Air Group, Inc. (ALK)

Before we jump into Alaska Air Group, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Alaska Air Group, Inc. is engaged in operating airlines. The Company operates two airlines, Alaska, and Horizon. It also includes McGee Air Services, an aviation services provider. It operates through three segments: Mainline, Regional and Horizon. The Mainline segment includes scheduled air transportation on Alaska's Boeing 737 (B737) aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, Belize, the Bahamas, and Guatemala. The Regional segment includes Horizon's and other third-party carriers scheduled air transportation on Embraer E175 (E175) aircraft for passengers across a shorter distance network within the United States, Canada, and Mexico under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. With its regional partners, it flies to more than 120 destinations throughout North America. It provides its guests with global access to more than 900 destinations in 170 territories.

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Alaska Air Group, Inc.’s Stock Price as of Market Close

As of April 18, 2024, 4:00 PM, CST, Alaska Air Group, Inc.’s stock price was $44.44.

Alaska Air Group, Inc. is up 4.03% from its previous closing price of $42.72.

During the last market session, Alaska Air Group, Inc.’s stock traded between $41.30 and $42.95. Currently, there are 127.38 million shares of Alaska Air Group, Inc. stock available for purchase.

Alaska Air Group, Inc.’s price-earnings (P/E) ratio is currently at 23.6, which is high compared to the Airlines industry median of 12.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Alaska Air Group, Inc. Stock Price History

Alaska Air Group, Inc.’s (ALK) price is currently up 3.37% so far this month.

During the month of April, Alaska Air Group, Inc.’s stock price has reached a high of $45.76 and a low of $40.07.

Over the last year, Alaska Air Group, Inc. has hit prices as high as $57.18 and as low as $30.75. Year to date, Alaska Air Group, Inc.’s stock is up 3.49%.

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What Caused Alaska Air Group, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 17, 2024, there were 2 analysts who downgraded Alaska Air Group, Inc.’s stock and 8 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Alaska Air Group, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Alaska Air Group, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Alaska Air Group, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Alaska Air Group, Inc. (ALK) by visiting AAII Stock Evaluator.

Relative Price Strength of Alaska Air Group, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 17, 2024, Alaska Air Group, Inc. has a weighted four-quarter relative price strength of 1.57%, which translates to a Momentum Score of 73 and is considered to be Strong.

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Alaska Air Group, Inc. Stock Price: Bottom Line

As of April 18, 2024, Alaska Air Group, Inc.’s stock price is $44.44, which is up 4.03% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Alaska Air Group, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.