Allegiant Travel Stock Buy Hold or Sell Recommendation
| ALGT Stock | USD 57.04 0.95 1.64% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Allegiant Travel is 'Cautious Hold'. Macroaxis provides Allegiant Travel buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ALGT positions. The advice algorithm takes into account all of Allegiant Travel's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Allegiant Travel's buy or sell advice are summarized below:
Real Value 53.19 | Target Price 101.7 | Hype Value 57.04 | Market Value 57.04 | Naive Value 58.38 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Allegiant Travel given historical horizon and risk tolerance towards Allegiant Travel. When Macroaxis issues a 'buy' or 'sell' recommendation for Allegiant Travel, the advice is generated through an automated system that utilizes algorithms and statistical models.
Allegiant |
Execute Allegiant Travel Buy or Sell Advice
The Allegiant recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Allegiant Travel. Macroaxis does not own or have any residual interests in Allegiant Travel or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Allegiant Travel's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves totally opposite to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Allegiant Travel Trading Alerts and Improvement Suggestions
| Allegiant Travel generated a negative expected return over the last 90 days | |
| Over 86.0% of the company shares are held by institutions such as insurance companies | |
| On 1st of March 2024 Allegiant Travel paid $ 0.6 per share dividend to its current shareholders | |
| Latest headline from aol.com: Open seating no more Southwest CEO says airline is weighing cabin changes |
Allegiant Travel Returns Distribution Density
The distribution of Allegiant Travel's historical returns is an attempt to chart the uncertainty of Allegiant Travel's future price movements. The chart of the probability distribution of Allegiant Travel daily returns describes the distribution of returns around its average expected value. We use Allegiant Travel price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Allegiant Travel returns is essential to provide solid investment advice for Allegiant Travel.
| Mean Return | -0.44 | Value At Risk | -4.3 | Potential Upside | 3.69 | Standard Deviation | 2.59 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Allegiant Travel historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Allegiant Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Allegiant Travel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Allegiant Travel backward and forwards among themselves. Allegiant Travel's institutional investor refers to the entity that pools money to purchase Allegiant Travel's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| 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 Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 14.7M | 53.6M | (123.2M) | 187.6M | 215.7M | 226.5M | |
| Change In Cash | 40.9M | 33.5M | 230.4M | (155.3M) | (85.9M) | (81.6M) | |
| Free Cash Flow | (64.6M) | (45.7M) | 232.7M | (131.6M) | (447.4M) | (425.0M) | |
| Depreciation | 155.9M | 176.3M | 181.0M | 197.5M | 223.1M | 234.3M | |
| Other Non Cash Items | (4.6M) | 310.0M | (24.3M) | 48.5M | 21.0M | 27.3M | |
| Capital Expenditures | 505.2M | 280.2M | 255.5M | 434.7M | 870.5M | 914.0M | |
| Net Income | 232.1M | (184.1M) | 151.9M | 2.5M | 113.4M | 90.9M | |
| End Period Cash Flow | 136.8M | 170.3M | 400.7M | 245.4M | 159.6M | 134.5M | |
| Dividends Paid | 45.7M | 45.2M | 45.6M | 11.4M | 22.1M | 28.6M | |
| Investments | 18.6M | (94.4M) | (343.6M) | (491.4M) | (693.2M) | (658.6M) | |
| Change Receivables | 35.6M | 10.5M | 4.4M | (14.7M) | (16.9M) | (16.1M) | |
| Net Borrowings | 135.8M | 203.0M | (19.4M) | 162.0M | 186.3M | 133.3M | |
| Change To Netincome | 83.7M | 106.0M | 85.6M | 65.9M | 75.8M | 62.7M |
Allegiant Travel Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Allegiant Travel or Passenger Airlines sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Allegiant Travel's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Allegiant stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.62 | |
β | Beta against NYSE Composite | 2.16 | |
σ | Overall volatility | 2.58 | |
Ir | Information ratio | -0.21 |
Allegiant Travel Volatility Alert
Allegiant Travel exhibits very low volatility with skewness of -0.16 and kurtosis of 1.66. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Allegiant Travel's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Allegiant Travel's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Allegiant Travel Fundamentals Vs Peers
Comparing Allegiant Travel's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Allegiant Travel's direct or indirect competition across all of the common fundamentals between Allegiant Travel and the related equities. This way, we can detect undervalued stocks with similar characteristics as Allegiant Travel or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Allegiant Travel's fundamental indicators could also be used in its relative valuation, which is a method of valuing Allegiant Travel by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Allegiant Travel to competition |
| Fundamentals | Allegiant Travel | Peer Average |
| Return On Equity | 0.0923 | -0.31 |
| Return On Asset | 0.0334 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | 0.03 % | (5.51) % |
| Current Valuation | 2.56 B | 16.62 B |
| Shares Outstanding | 18.29 M | 571.82 M |
| Shares Owned By Insiders | 17.02 % | 10.09 % |
| Shares Owned By Institutions | 86.11 % | 39.21 % |
| Number Of Shares Shorted | 810.78 K | 4.71 M |
| Price To Earning | 40.92 X | 28.72 X |
| Price To Book | 0.84 X | 9.51 X |
| Price To Sales | 0.45 X | 11.42 X |
| Revenue | 2.51 B | 9.43 B |
| Gross Profit | 494.21 M | 27.38 B |
| EBITDA | 472.76 M | 3.9 B |
| Net Income | 113.41 M | 570.98 M |
| Cash And Equivalents | 1.21 B | 2.7 B |
| Cash Per Share | 67.19 X | 5.01 X |
| Total Debt | 2.36 B | 5.32 B |
| Debt To Equity | 1.69 % | 48.70 % |
| Current Ratio | 1.53 X | 2.16 X |
| Book Value Per Share | 75.22 X | 1.93 K |
| Cash Flow From Operations | 423.09 M | 971.22 M |
| Short Ratio | 2.80 X | 4.00 X |
| Earnings Per Share | 6.29 X | 3.12 X |
| Price To Earnings To Growth | (14.47) X | 4.89 X |
| Target Price | 77.89 | |
| Number Of Employees | 5.64 K | 18.84 K |
| Beta | 1.56 | -0.15 |
| Market Capitalization | 1.04 B | 19.03 B |
| Total Asset | 4.93 B | 29.47 B |
| Retained Earnings | 1.27 B | 9.33 B |
| Working Capital | (211.18 M) | 1.48 B |
Note: Disposition of 4985 shares by John Redmond of Allegiant Travel at 75.43 subject to Rule 16b-3 [view details]
Allegiant Travel Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Allegiant . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Allegiant Travel Buy or Sell Advice
When is the right time to buy or sell Allegiant Travel? Buying financial instruments such as Allegiant Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 162.9M | 259.2M | 305.1M | 320.3M | Short and Long Term Debt Total | 1.9B | 2.2B | 2.4B | 2.5B |
Use Investing Ideas to Build Portfolios
In addition to having Allegiant Travel in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Books Thematic Idea Now
Books
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Books Theme or any other thematic opportunities.
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Check out Allegiant Travel Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.