12/3/2023 0 Comments Alaska time now![]() ![]() two time zones beyond the contiguous USA.The United States observes 9 time zones as below: You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Like all time zones worldwide, the time zones for the USA are based on UTC (Coordinated Universal Time, formerly GMT, Greenwich Mean Time - originally based on London, UK). Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. ![]() ![]() It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. ![]() If you are no longer interested in Alaska Air Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Our analysis shows 2 warning signs for Alaska Air Group (1 is a bit unpleasant!) and we strongly recommend you look at them before investing. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. However, the positive outlook is encouraging for ALK, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. What does the future of Alaska Air Group look like?Īre you a potential investor? If you’ve been keeping tabs on ALK for some time, now may not be the best time to enter into the stock. This is based on its high beta, which is a good indicator for share price volatility. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. Given that Alaska Air Group’s share is fairly volatile (i.e. If you like the stock, you may want to keep an eye out for a potential price decline in the future. The stock’s ratio of 38.35x is currently well-above the industry average of 23.12x, meaning that it is trading at a more expensive price relative to its peers. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. See our latest analysis for Alaska Air Group What Is Alaska Air Group Worth?Īlaska Air Group is currently expensive based on my price multiple model, where I look at the company's price-to-earnings ratio in comparison to the industry average. However, what if the stock is still a bargain? Today I will analyse the most recent data on Alaska Air Group’s outlook and valuation to see if the opportunity still exists. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. ( NYSE:ALK) might not be the most widely known stock at the moment, it saw a decent share price growth in the teens level on the NYSE over the last few months. ![]()
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