The stock of American Airlines Group Inc. (NASDAQ:AAL) increased by $0.23 on Monday to finish at $15.88, up 1.47 percent. The last five days have seen an average of 20,533,719 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $3.16. The average number of shares traded over the last 20 days was 26,271,541, while the average volume over the last 50 days totaled 23,631,867.
AAL stock dropped -12.46% since last month. On 08/14/23, the company’s shares reached a one-month low of $15.46. The stock touched a high of $19.08 on 07/13/23, after rallying from a low of $11.65 in 52 weeks. The price of AAL stock has risen by 24.84% or $3.16 this year, reaching a new high 20 times. Still, the stock price is down -16.77% from the 52-week high.
Insider Transactions
AAL stock investors should be aware that American Airlines Group Inc. (AAL) stock had its last reported insider trading activity 92 days ago on May 15. On May 15, Director STEENLAND DOUGLAS M sold 1,950 shares at $14.10 each. This transaction resulted in the insider making $27,495. On May 12, STEENLAND DOUGLAS M sold 2,000 shares at a price of US$13.88. After the transaction, the insider now owns 31,686 shares. SVP Corporate Controller Owens Angela had earlier sold 21,984 shares on May 01 for $13.79 a share. The transaction was completed for $303,159.
Valuation Metrics
American Airlines Group Inc. (AAL) has a trailing price-to-earnings (P/E) ratio of 4.20. Beta for the stock is 1.56. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.20, and the price-to-cash flow ratio of 5.95.
Company paid $0.10 per share in dividends, remained unchanged from $0.10 last year.
Financial Health
For the three months ended June 29, American Airlines Group Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 61.60% percent. American Airlines Group Inc.’s EBITDA margin for the year ended June 29 was 7.71%, whereas its operating margin stood at 9.20% for the same period. Based on annual data, it had gross profit of $11.01 billion and revenue of $48.97 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AAL’s return on assets (ROA) during the last 12 months has been 4.00%. There was a 5.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -44.20%.
Earnings Surprise
According to American Airlines Group Inc.’s quarterly financial report for the quarter that ended June 29, it had $30.77 billion in total debt versus $11.45 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $14.05 billion, while revenues rose by 4.5% to $12.19 billion. It was predicted that American Airlines Group Inc.’s quarterly earnings would be $1.92, but it ended up being $1.59, beating the consensus by 20.80%. EBITDA was $2.16 billion for the quarter. At the end of American Airlines Group Inc.’s most recent quarter ended June 29, its liabilities totaled 71.64 billion, while its total debt was $42.58 billion. Equity owned by shareholders amounts to $653.36 million.
Technical Picture
Here’s a quick look at American Airlines Group Inc.’s (AAL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 37.02%, suggesting the stock is Neutral, with a 20.49% historical volatility rate.
The stochastic %K and %D were 14.20% and 9.93% respectively, while the average true range (ATR) was 0.43. Based on the 14-day stochastic reading of 29.27%, the RSI (14) reading is 39.21%. On the 9-day MACD Oscillator, the stock is at -0.12, and the 14-day reading is at -0.39.
Analyst Ratings
American Airlines Group Inc. (NASDAQ: AAL) was downgraded by Redburn to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned American Airlines Group Inc. (AAL) an Hold rating. AAL is a stock that is recommended for selling by 1 brokerage firm, while 16 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is AAL’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $29.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for American Airlines Group Inc. (AAL) is $19.91.
