American Airlines Group Inc (NASDAQ:AAL) finished Thursday with an addition of $0.31 to close at $12.92, an upside of 2.46 percent. An average of 27,994,939 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 25,925,510 shares traded, while the 50-day average volume stands at 25,153,666.
AAL stock has decreased by -13.29% in the last month. The company shares reached their 1-month lowest point of $12.50 on 09/27/23. 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 1.57% or $0.20 in price. In spite of this, the price is down -32.29% 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 137 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 3.50. The stock’s beta is 1.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.16, and the price-to-cash flow ratio at 5.28.
Financial Health
The quick ratio of American Airlines Group Inc for the three months ended June 29 was 0.66, and the current ratio was 0.75, 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 9.39%. Its gross profit as reported stood at $11.01 billion compared to revenue of $48.97 billion.
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 28 September was 32.39%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.09%.
As of today, AAL’s price is $12.81 -1.07% or -$0.14 from its 5-day moving average. AAL is currently trading -12.53% lower than its 20-day SMA and -6.85% lower than its 100-day SMA. However, the stock’s current price level is -30.54% below the SMA50 and -4.51% below the SMA200.
The stochastic %K and %D were 10.08% and 6.59%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 23.46% and the average true range at 0.36, the RSI (14) stands at 28.95%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.44.
Analyst Ratings
TD Cowen reiterated its a Market perform rating on American Airlines Group Inc (NASDAQ: AAL), but raised their price target to $16, indicating a potential price increase of 19.25% for the stock. 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 15 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 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 $9.00 and $29.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for American Airlines Group Inc (AAL) stock is $17.48.
