American Airlines Group Inc. (NASDAQ:AAL) saw an upside of 1.19% to close Tuesday at $16.18 after adding $0.19 on the day. The 5-day average trading volume is 28,302,000 shares of the company’s common stock. It has gained $16.22 in the past week and touched a new high 3 times within the past 5 days. An average of 27,001,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 23,891,262.
AAL’s 1-month performance is -12.87% or -$2.17 on its low of $15.69 reached on 08/07/23. The company’s shares have touched a 52-week low of $11.65 and high of $19.08, with the stock’s rally to the 52-week high happening on 07/13/23. YTD, AAL has achieved 27.20% or $3.46 and has reached a new high 20 times. However, the current price is down -15.20% from the 52-week high price.
Insider Transactions
AAL stock investors last saw insider trading activity on May 15.STEENLAND DOUGLAS M (Director) most recently sold 1,950 shares at $14.10 per share on May 15. This transaction cost the insider $27,495. Director, STEENLAND DOUGLAS M, sold 2,000 shares at a price of $13.88 on May 12. Then, on May 01, SVP Corporate Controller Owens Angela sold 21,984 shares at a price of $13.79 per share. This transaction amounted to $303,159.
Valuation Metrics
AAL stock has a beta of 1.56. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.20 while the price to cash flow ratio at 6.07.
American Airlines Group Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70.. In terms of profitability, the gross margin trailing 12 months is 61.60%. The trailing 12-month EBITDA margin is 7.71% while for the period ending June 29, American Airlines Group Inc.’s operating margin was 9.20%. The firm’s gross profit as reported stood at $11.01 billion against revenue of $48.97 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, American Airlines Group Inc.’s cash and short-term investments amounted to $11.45 billion against total debt of $42.58 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 64.42% to $1.34 billion, while revenue of $10.0 million was 99.25% off the previous quarter. Analysts expected AAL to announce $1.59 per share in earnings in its latest quarter, but it posted $1.92, representing a 20.80% surprise. EBITDA for the quarter stood at more than $2.16 billion. AAL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 71.64 billion, with total debt at $42.58 billion. Shareholders hold equity totaling $653.36 million.
Let’s look briefly at American Airlines Group Inc. (AAL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 37.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.09%.
The stock’s 5-day moving average is $15.99, reflecting a -0.31% or -$0.05 change from its current price. AAL is currently trading -13.94% above its 20-day SMA, +16.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.52% and SMA200 by+15.65%.
Stochastic %K and %D was 11.31% and 8.50% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 40.49%, while the 14-day stochastic is at 19.76% with the period’s ATR at 0.48. The stock’s 9-day MACD Oscillator is pointing at -0.25 and -0.53 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for American Airlines Group Inc. (NASDAQ: AAL), Redburn downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for AAL stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate AAL as a “sell,”, while 16 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is AAL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $29.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for American Airlines Group Inc. (AAL) stock is $19.91.
