Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Allegiant Travel Company before investing.

In this article, we go over a few key elements for understanding Allegiant Travel Company’s stock price such as:

• Allegiant Travel Company’s current stock price and volume
• Why Allegiant Travel Company’s stock price changed recently
• Upgrades and downgrades for ALGT from analysts
• ALGT’s stock price momentum as measured by its relative strength

About Allegiant Travel Company (ALGT)

Before we jump into Allegiant Travel Company’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Allegiant Travel Company is a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the United States. The Company provides various travel services and products, including scheduled service air transportation, ancillary air-related products and services, third party products and services, and fixed-fee contract air transportation. The Company operates through two segments: Airline and Sunseeker Resort. The Airline segment operates as a single business unit and includes all scheduled service air transportation, ancillary air-related products and services, third party products and services, fixed fee contract air transportation and other airline-related revenue. The Sunseeker Resort segment operates as a single business unit and includes hotel rooms and suites for occupancy, group meeting facilities, food and beverage options, the Aileron Golf Course and other resort amenities.

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Allegiant Travel Company’s Stock Price as of Market Close

As of May 07, 2024, 4:00 PM, CST, Allegiant Travel Company’s stock price was $53.89.

Allegiant Travel Company is down 4.21% from its previous closing price of $56.26.

During the last market session, Allegiant Travel Company’s stock traded between $53.86 and $56.73. Currently, there are 18.14 million shares of Allegiant Travel Company stock available for purchase.

Allegiant Travel Company’s price-earnings (P/E) ratio is currently at 8.8, which is low compared to the Airlines industry median of 11.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Allegiant Travel Company Stock Price History

Allegiant Travel Company’s (ALGT) price is currently down 1.23% so far this month.

During the month of May, Allegiant Travel Company’s stock price has reached a high of $56.73 and a low of $51.13.

Over the last year, Allegiant Travel Company has hit prices as high as $130.93 and as low as $52.38. Year to date, Allegiant Travel Company’s stock is down 20.74%.

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What Caused Allegiant Travel Company Stock’s Price to Dip?

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 May 06, 2024, there were 9 analysts who downgraded Allegiant Travel Company’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Allegiant Travel Company’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 Allegiant Travel Company’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Allegiant Travel Company’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep 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 Allegiant Travel Company (ALGT) by visiting AAII Stock Evaluator.

Relative Price Strength of Allegiant Travel Company

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 May 06, 2024, Allegiant Travel Company has a weighted four-quarter relative price strength of -20.20%, which translates to a Momentum Score of 15 and is considered to be Very Weak.

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Allegiant Travel Company Stock Price: Bottom Line

As of May 7, 2024, Allegiant Travel Company’s stock price is $53.89, which is down 4.21% 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 Allegiant Travel Company stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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