American Airlines Group Inc. (NASDAQ:AAL) finished Thursday with a subtraction of -$0.21 to close at $14.57, a downside of -1.42 percent. An average of 22,304,061 shares of common stock have been traded in the last five days. There was a fall of -$0.48 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 23,226,625 shares traded, while the 50-day average volume stands at 23,600,379.
AAL stock has decreased by -13.07% in the last month. The company shares reached their 1-month lowest point of $14.46 on 08/24/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $11.65 and a high of $19.08 in 52 weeks. It has reached a new high 20 times so far this year and achieved 14.54% or $1.85 in price. In spite of this, the price is down -23.64% from the 52-week high.
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Insider Transactions
AAL stock investors should be aware that American Airlines Group Inc. (AAL) stock had its last reported insider trading activity 102 days ago on May 15. In this transaction, the insider spent $27,495. Director, STEENLAND DOUGLAS M, disposed of 2,000 shares at a price of $13.88 on May 12. The insider now owns more than $27,768 worth of shares. Prior to that, SVP Corporate Controller Owens Angela went on to Sale 21,984 shares at $13.79 each on May 01. An amount of $303,159 was transacted.
Valuation Metrics
American Airlines Group Inc. (AAL) has a trailing price-to-earnings (P/E) ratio of 3.85. The stock’s beta is 1.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.18, and the price-to-cash flow ratio at 5.42.
Financial Health
The quick ratio of American Airlines Group Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. American Airlines Group Inc.’s EBITDA margin for the year ending June 29 is 7.71%, while its operating margin for the same period stands at 9.20%. Its gross profit as reported stood at $11.01 billion compared to revenue of $48.97 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, American Airlines Group Inc.’s return on assets was 4.00%.
Earnings Surprise
For the three-month period that ended June 29, American Airlines Group Inc. had $30.77 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.34 billion in the quarter, while revenues were grew 64.42%. The analyst consensus anticipated American Airlines Group Inc.’s latest quarter earnings to come in at $1.59 per share, but it turned out to be $1.92, a 20.80% surprise. For the quarter, EBITDA amounted to $2.16 billion. Shareholders own equity worth $653.36 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at American Airlines Group Inc. (AAL) price momentum. RSI 9-day as of the close on 24 August was 20.32%, suggesting the stock is oversold, with historical volatility in this time frame at 19.83%.
As of today, AAL’s price is $14.88 -3.19% or -$0.48 from its 5-day moving average. AAL is currently trading -12.07% lower than its 20-day SMA and -1.22% lower than its 100-day SMA. However, the stock’s current price level is -10.67% below the SMA50 and +3.26% above the SMA200.
The stochastic %K and %D were 6.95% and 11.26%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 6.18% and the average true range at 0.42, the RSI (14) stands at 26.67%. The stock has reached -0.42 on the 9-day MACD Oscillator while the 14-day reading was at -0.68.
Analyst Ratings
Redburn downgraded American Airlines Group Inc. (NASDAQ: AAL) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for American Airlines Group Inc. (AAL) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell AAL, while 16 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is AAL’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $29.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for American Airlines Group Inc. (AAL) stock is $19.23.
